Oil Urals (Average Price, Mineral Extraction Tax — NMM, FOB Novo)
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Oil Urals (Average Price, Mineral Extraction Tax — NMM, FOB Novo) represents the average tax-period price of dehydrated, desalinated and stabilized oil from new offshore fields for MET-NMM calculation with the main producer in Russia, serving as a price reference for fields in the Azov, Black and Caspian Seas. In 2026 prices ranged from 260.10 USD/t to 691.05 USD/t with an average of 418.69 USD/t. Data are published on economy.gov.ru in the section “Global Commodity Market Conditions”.
Index value can be retrieved via Cbonds add-in for Excel using the formula CbondsIndexValue(214437, date)
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