"A few months ago the Ural crude oil cost $3-5 less tha Brent crude, however now it has risen above by $2-4 over it, and it is being sold to European oil-refineries. This kind of slight increase in prices can bring Russia over 3 bln euros of profit." Emadi said.
EU advisor: with Iran sidelined, if Russia doesn't sell oil to EU, prices can increase by 10-15 perc
en.trend.az
With Iran bounded by sanctions, if Russia does not sell its oil to Europe, the world oil prices can jump up by 10-15 percent, EU economic advisor Mehrdad Emadi told Trend, commenting on the reasons of gasoline price increase in Europe.
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