Urals crude has been trading between $61 and $65 per barrel since August, compared with $65–69 for Brent, narrowing the discount to its smallest since the war in Ukraine began in 2022. China remains the largest buyer of Russian crude, while Russia has continued to serve as India’s top supplier. In response to India’s purchases, US President Trump launched a pressure campaign, arguing that cutting imports would push Moscow to end the conflict. After New Delhi refused, Washington followed through with its threat, imposing a 50% tariff on Indian imports effective August 27. The G7 introduced a $60 per barrel price cap on Russian crude in 2022, and the EU along with several G7 partners—though not the US—will lower the threshold to $46.50, despite lingering doubts over its effectiveness. Since the cap took effect in December 2022, Urals crude has traded above $60 on roughly 75% of trading days, supported largely by shipments through so-called “dark fleets,” according to Reuters.

Urals Oil rose to 61.66 USD/Bbl on September 4, 2025, up 1.28% from the previous day. Over the past month, Urals Oil's price has fallen 3.55%, and is down 10.56% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Urals Oil reached an all time high of 117.65 in February of 2013. This page includes a chart with historical data for Urals Crude. Urals Oil - data, forecasts, historical chart - was last updated on September 7 of 2025.

Urals Oil rose to 61.66 USD/Bbl on September 4, 2025, up 1.28% from the previous day. Over the past month, Urals Oil's price has fallen 3.55%, and is down 10.56% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Urals Oil is expected to trade at 62.25 USD/Bbl by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 64.03 in 12 months time.



Price Day Month Year Date
Crude Oil 61.97 -1.510 -2.38% -3.70% -8.42% Sep/05
Brent 65.58 -1.410 -2.10% -1.96% -7.71% Sep/05
Natural gas 3.03 -0.0480 -1.56% -1.66% 33.01% Sep/05
Gasoline 1.97 -0.0361 -1.80% -5.82% 3.53% Sep/05
Heating Oil 2.29 -0.0403 -1.73% 1.22% 7.80% Sep/05
Coal 107.55 0.55 0.51% -6.07% -23.99% Sep/05
TTF Gas 32.06 -0.35 -1.09% -3.60% -11.84% Sep/05
UK Gas 78.28 -0.8400 -1.06% -3.41% -12.82% Sep/06
Ethanol 1.97 -0.0150 -0.76% 10.70% 8.86% Sep/05
Naphtha 552.65 -11.60 -2.06% 0.30% -8.99% Sep/05
Propane 0.70 -0.01 -1.65% 2.43% 4.47% Sep/05
Uranium 76.20 -0.5000 -0.65% 5.32% -4.69% Sep/05
Methanol 2,260.00 33.00 1.48% -5.68% -3.83% Sep/05

Urals Oil
Urals oil is the reference oil brand used as the price benchmark for Russian oil exports. It is a blend of the heavy and sour oil from the Urals and Volga regions with the lighter oil from Western Siberia. It is transported to Europe through the Druzhba pipeline and to Baku through the Novorossiysk pipeline, while main seaborne importers are China and India since 2022. Futures contracts of 1,000 barrels are traded in the St. Petersburg International Mercantile Exchange (SPIMEX). Pricing is also commonly seen as a discount to Brent crude oil. The Urals oil prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.
Actual Previous Highest Lowest Dates Unit Frequency
61.66 60.88 117.65 8.40 2012 - 2025 USD/Bbl daily