Actual
114.76
Daily Change
9.21 8.73%
Monthly
32.36%
Yearly
90.09%
Q4 Forecast
111.98
Urals Oil - Summary

Russian Urals crude fell to around $110 a barrel, down from above $120 on September 16, as weaker shipments, new US sanctions and the gradual restoration of Saudi Arabian oil flows increase competition in key markets. Russia’s overseas crude exports averaged 3.53 million barrels a day in the four weeks through September 20, while weekly shipments fell more sharply following a halt in cargoes from the Black Sea port of Novorossiysk. Saudi Arabia’s efforts to restart its East-West pipeline have also pressured Russian grades by increasing alternative supplies. Meanwhile, President Donald Trump signed legislation allowing tariffs of up to 100% on imports from Russia’s five largest energy customers, raising concerns among Indian refiners. India could reduce Russian crude imports to 20%-30% of total purchases, potentially cutting demand by more than 1 million barrels a day. At the same time, attacks on Russian refineries have disrupted nearly 1 million barrels a day of processing capacity.

Urals Oil - Stats

Urals Oil rose to 114.76 USD/Bbl on October 2, 2026, up 8.73% from the previous day. Over the past month, Urals Oil's price has risen 32.36%, and is up 90.09% 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 124.85 in April of 2026. This page includes a chart with historical data for Urals Crude. Urals Oil - data, forecasts, historical chart - was last updated on October 5 of 2026.

Urals Oil - Forecast

Urals Oil rose to 114.76 USD/Bbl on October 2, 2026, up 8.73% from the previous day. Over the past month, Urals Oil's price has risen 32.36%, and is up 90.09% 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 111.98 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 134.06 in 12 months time.



Price Day Month Year Date
Crude Oil 89.88 -1.231 -1.35% -3.39% 45.70% Oct/05
Brent 100.80 -1.449 -1.42% 3.75% 53.96% Oct/05
Natural gas 3.03 -0.0018 -0.06% 4.02% -9.65% Oct/05
Gasoline 3.24 -0.0689 -2.08% -0.28% 70.96% Oct/05
Heating Oil 4.53 0.0331 0.74% -0.74% 102.03% Oct/05
Coal 148.95 -0.35 -0.23% 1.33% 41.86% Oct/02
EU Gas 73.48 -1.28 -1.71% 0.24% 121.90% Oct/05
UK Gas 184.02 -4.0800 -2.17% 0.25% 116.06% Oct/05
Ethanol 2.02 0 0% -3.69% 6.32% Oct/02
Naphtha 825.53 -3.38 -0.41% 5.43% 54.14% Oct/02
Propane 0.93 0.02 1.78% 12.44% 36.64% Oct/05
Uranium 89.95 0.5000 0.56% 0.50% 11.05% Oct/02
Methanol 3,850.00 152.00 4.11% 23.64% 76.04% Sep/30


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. The data is supplied by a third party and, while efforts are made to ensure its accuracy, Trading Economics does not verify the data and makes no representations or warranties regarding its accuracy..
Actual Previous Highest Lowest Dates Unit Frequency
114.76 105.55 124.85 8.40 2012 - 2026 USD/Bbl daily

News Stream
Urals Oil Prices Fall
Russian Urals crude fell to around $110 a barrel, down from above $120 on September 16, as weaker shipments, new US sanctions and the gradual restoration of Saudi Arabian oil flows increase competition in key markets. Russia’s overseas crude exports averaged 3.53 million barrels a day in the four weeks through September 20, while weekly shipments fell more sharply following a halt in cargoes from the Black Sea port of Novorossiysk. Saudi Arabia’s efforts to restart its East-West pipeline have also pressured Russian grades by increasing alternative supplies. Meanwhile, President Donald Trump signed legislation allowing tariffs of up to 100% on imports from Russia’s five largest energy customers, raising concerns among Indian refiners. India could reduce Russian crude imports to 20%-30% of total purchases, potentially cutting demand by more than 1 million barrels a day. At the same time, attacks on Russian refineries have disrupted nearly 1 million barrels a day of processing capacity.
2026-09-23
Urals Oil Rise to 4-Month High
Russian Urals crude rose above $100 a barrel, its highest level since May, while Brent traded above $105 as escalating fighting involving Yemen-based Houthi militants and Saudi-backed forces heightened concerns over further Middle East supply disruptions. Meanwhile, the International Energy Agency again lowered its outlook for Russian oil production, citing continued Ukrainian drone strikes on energy infrastructure and refineries. Russian crude output fell by 200,000 barrels a day in August to 8.36 million bpd, down sharply from its January peak of 9.3 million bpd. The agency cut its 2026 production forecast by 125,000 bpd to 8.7 million bpd and expects 2027 output to average 8.6 million bpd. Russia’s refining sector is also under growing pressure, with sanctions restricting access to replacement equipment and repeated drone attacks damaging key processing units. The IEA warned that repairs, colder weather and continued strikes could further weaken the country’s refining capacity.
2026-09-11
Urals Oil Falls to 4-Month Low
Russian Urals crude fell below $60 per barrel, marking a four month low as global benchmarks declined following an agreement between the US and Iran to halt mutual attacks. This temporary truce allows safer maritime navigation, accelerating oil shipments through the critical Strait of Hormuz. Although this de-escalation hints at a lasting peace deal to fully reopen a channel that previously handled 20% of global crude and liquefied natural gas, wary shipowners face ongoing bottlenecks, leaving hundreds of vessels still stranded in the Persian Gulf. Meanwhile, structural domestic issues emerged as Russian President Vladimir Putin acknowledged internal fuel shortages and widespread gas station lines. To counter this tight domestic supply, officials are considering a complete prohibition on diesel exports.
2026-06-29