Russia’s Oil Price Plummets to $36 Per Barrel
Affected assets and topics
Why it matters
Russia's oil price has plummeted to $36.61 per barrel, the lowest in nearly three years, due to upcoming US sanctions on major producers Rosneft and Lukoil.
Article tone
Expected market reaction
Market impact analysis based on bearish sentiment with 79% confidence.
Evidence trail
Evidence
AI provenance
Technical identifiers
- Provider tag
- groq-llama-3.1-8b-instant
- Analysis version
- groq-llama-3.1-8b-instant
- Article id
- 11555
Original source
The price of Russia’s flagship Urals crude at the Black Sea plunged to as low as $36.61 per barrel at the end of last week, the lowest in nearly three years, as the U.S. sanctions on the two biggest Russian producers and exporters, Rosneft and Lukoil, are slated to take effect from Friday. On Thursday last week, the price of Urals loaded at the Novorossiysk port in the Black Sea slumped to $36.61 per barrel, before recovering slightly on Friday, according to data from Argus Media and Bloomberg. That’s the lowest Urals has traded…
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Original article published by OilPrice.com on November 17, 2025. Analysis and insights provided by AnalystMarkets AI.