Timeline
Urals
Russia's crude benchmark; whipsawed from $41.66 to $71.40 in July on the unreplaced US waiver.
60 of 60 entries (59 events, 1 interactions)
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#19 23 Jul
Mentioned in: EU freezes $44 Russia oil cap 12 months
European Oil Markets#25 23 Jul
Mentioned in: Urals crude nearly triples in weeks
Russia-Ukraine War 2026#17 15 Jul
Mentioned in: EU freezes Russia oil cap for a week
European Oil Markets#24 13 Jul
Mentioned in: Deep Strike hits Salavat for first time
Russia-Ukraine War 2026#16 13 Jul
Held in the high-$40s to mid-$50s, below Russia's $59 budget floor
European Oil Markets: Urals held below Russia's budget floor#15 7 Jul
Urals discount splits by delivery basis
European Oil Markets#14 6 Jul
Held near $51.25, barely moved from the roughly $50 of ten days earlier
European Oil Markets: Urals stalls; the discount blows to $20#14 3 Jul
Mentioned in: EU cap fight turns on months, not price
European Oil Markets#23 30 Jun
Russia's oil price down, revenue up
Russia-Ukraine War 2026#12 26 Jun
Faced continued downward revenue pressure from a frozen $44.10 cap
European Oil Markets: EU targets shadow fleet's service layer#11 24 Jun
Traded near $50 a barrel on 24-25 June, dropping $9 below Russia's $59 federal-budget benchmark with no new OFAC designation in the window
European Oil Markets: Urals slips below Russia's budget line#21 21 Jun
Mentioned in: Zelenskyy confirms 3,000 km drone range
Russia-Ukraine War 2026#10 18 Jun
Spiked 8.81% to $66.58 on 19 June, $22/bbl above the frozen $44.10 G7 cap
European Oil Markets: Sanctions vice tightens on Russian crude#9 17 Jun
Mentioned in: GL 134C lapsed clean, no successor
European Oil Markets#20 17 Jun
Mentioned in: US crude waiver lapses 17 June
Russia-Ukraine War 2026#8 15 Jun
Traded near $87/bbl against the $58 February baseline, raising the formula-review cap toward ~$75
European Oil Markets: Two sanctions clocks pull opposite ways#9 15 Jun
Mentioned in: EU moves to freeze the $44 cap
European Oil Markets#19 5 Jun
Mentioned in: Russia's windfall month, and the cracks
Russia-Ukraine War 2026#6 5 Jun
Mentioned in: Iraq ramps Ceyhan pipeline toward 770kbd
European Oil Markets#6 4 Jun
Mentioned in: Rubio signals end of Russian oil waivers
European Oil Markets#6 4 Jun
Mentioned in: Novak admits drones are cutting Russian oil
European Oil Markets#20 1 Jun
Mentioned in: Urals falls 12% as China cuts buys
Russia-Ukraine War 2026#21 1 Jun
Mentioned in: Russia raids reserves to cover deficit
Russia-Ukraine War 2026#3 28 May
Mentioned in: GL 131F resets the Lukoil sale clock
European Oil Markets#3 28 May
Mentioned in: Brent sub-$95 prices a different market
European Oil Markets#4 28 May
Mentioned in: OFAC lists RISE GLORY and Ivan Sechin
European Oil Markets#3 28 May
Mentioned in: OFAC traces Iran crude to Chennai
European Oil Markets#3 26 May
Mentioned in: EU 21st package squeezes shadow tonnage
European Oil Markets#4 21 May
Mentioned in: Starmer reopens UK door to Russian fuel
European Oil Markets#2 20 May
Mentioned in: Baltic Aframax bid eases off the spike
European Oil Markets#2 18 May
Stabilised on GL 134C news as insurance and classification chain reopened
European Oil Markets: OFAC signs GL 134C, third Russia bridge#1 16 May
GL 134B dies, Urals $28 over the cap
European Oil Markets#16 16 May
Mentioned in: OFAC GL 134B expires 16 May, no successor
Russia-Ukraine War 2026#99 16 May
Mentioned in: Brent hits $109.30 as summit dip fades
Iran Conflict 2026#2 15 May
US draws 7.9mb, Fujairah rebuilds 96kbd
European Oil Markets#1 12 May
Mentioned in: Druzhba south restart hands MOL $40 edge
European Oil Markets#16 8 May
Mentioned in: Russia oil revenue -38% as Q1 deficit hits ceiling
Russia-Ukraine War 2026#1 1 May
Mentioned in: Russian-flag shadow fleet share hits 21%
European Oil Markets#85 30 Apr
OPEC+ Seven agree 206k bpd June increase
Iran Conflict 2026#1 28 Apr
Mentioned in: Fujairah stocks at record low 6.5mb
European Oil Markets#1 24 Apr
Mentioned in: EU bans Russian LNG from 25 April
Russia-Ukraine War 2026#14 23 Apr
Mentioned in: EU 20th package hits crypto and Kyrgyzstan
Russia-Ukraine War 2026#14 22 Apr
Carnegie: Iran war masks Kyiv's oil strike cost
Russia-Ukraine War 2026#2 17 Apr
#15 17 Apr
Mentioned in: OFAC quietly extends Russia crude waiver
Russia-Ukraine War 2026#14 17 Apr
Mentioned in: Reshetnikov tells Meduza Russia's reserves exhausted
Russia-Ukraine War 2026#13 16 Apr
Mentioned in: Treasury kills $150M-a-day Russian oil waiver
Russia-Ukraine War 2026#12 11 Apr
Mentioned in: GL 134A lapses toward quiet extension
Russia-Ukraine War 2026#12 9 Apr
Mentioned in: CEPA scale check: 0.46% of Russian oil
Russia-Ukraine War 2026#12 6 Apr
Mentioned in: Kyiv moves the oil war to the Black Sea
Russia-Ukraine War 2026#11 3 Apr
Mentioned in: Iran War Hands Russia an Unexpected Oil Windfall
Russia-Ukraine War 2026#11 2 Apr
Mentioned in: US Oil Sanctions Waiver Expires 11 April Amid Confusion
Russia-Ukraine War 2026#11 3 Apr
“earned windfall revenue on urals price spike”
Russia-Ukraine War 2026 · source event
#9 31 Mar
Mentioned in: Baltic strikes cut Russian oil by 43%
Russia-Ukraine War 2026#9 27 Mar
Mentioned in: Russia's wealth fund sheds $4.8bn
Russia-Ukraine War 2026#6 20 Mar
Mentioned in: Russia spends 38% of budget on war
Russia-Ukraine War 2026#4 13 Mar
Mentioned in: Afipsky refinery hit in drone strike
Russia-Ukraine War 2026#5 11 Mar
Mentioned in: 124m barrels of Russian crude freed
Russia-Ukraine War 2026#1 3 Mar
Mentioned in: Russia oil revenue down 32% in January
Russia-Ukraine War 2026#2 2 Mar