Alexey Belogoryev, Research and Development Director of the Institute for Energy and Finance, commented to the TASS news agency on the prospects for the world oil prices dynamics in 2026.
According to Alexey Belogoryev, in 2026, Urals discounts will be higher than a year earlier, especially in the first quarter.
"For now, we can expect high average discounts to remain (if they mean the difference in FOB prices in Russian ports and CIF in Indian ports) for Urals until the end of the first quarter. The discount will remain close to $20 per barrel or even higher. Starting from the second quarter, in the absence of new sanctions, discounts will begin to return to the level of $12-15 per barrel," he added.
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