Russia could raise oil export duty
Russia may raise oil export duty on its benchmark Urals blend by $40 from December 1 to $271-273 per metric ton from the current $231.2 per ton, a Finance Ministry official said on Wednesday.Alexander Sakovich, head of the ministry's consolidated analysis department, said the average price of Russian oil was $76.08 per barrel from October 15 to November 10.
Russia will increase oil export tax up to USD 340.1 per ton from 1 April.