Russia’s Urals crude falls to $36.61/bbl, lowest since March 2023

Russia’s Urals crude oil price fell to $36.61 per barrel last week, marking the lowest level since March 2023. This decline occurred just days before the United States is set to implement sanctions on Russian oil companies Rosneft and Lukoil, which will take effect on November 21, 2025.

The drop in crude prices reflects ongoing challenges in the global oil market, particularly in relation to geopolitical tensions and economic factors affecting demand. The upcoming sanctions are expected to further impact the operations of these major Russian oil producers.

For more information on recent developments in related topics, see previous reports regarding the FBI"s recent claims.