Russian Oil Duties to Fall 4.5% in April After Urals Declines
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Russia, the world’s biggest energy exporter, will probably reduce duties on most oil shipments abroad by 4.5 percent on April 1, down from a 10-month high, after Urals crude prices fell.
The standard export duty is likely to decline to $401.50 a metric ton, or about $54.80 a barrel, from $420.60 a ton this month, according to Bloomberg calculations based on oil price data from the economy and finance ministries. The March duty has been at the highest level since May 2012.