Russian Economic Development Ministry Forecasts Urals Crude at $53 Per Barrel in 2027

NAMPA / Sputnik

2026-09-24

MOSCOW, September 24 (RIA Novosti) - The Russian Economic Development Ministry upgraded its forecast for Urals crude prices to $53 per barrel in 2027, and to $51 in 2029, Russian Economic Development Minister Maxim Reshetnikov said on Thursday. "The price forecast for Urals has been raised less by $1-$3, as we expect a wider discount to Brent. We expect $53 per barrel in 2027 and $51 by 2029. This is not much higher than the cut-off price of $......

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