Russian Urals oil differentials remained unchanged to dated Brent on Thursday while the grade's price has been remaining above the new EU price cap so far this month, the data showed.
LSEG data shows Urals free-on-board (FOB) prices at Primorsk port have been above the fresh EU price cap of $44.10 since February 1.
The cap allows European companies to continue providing shipping, insurance and other services for Russian cargoes provided that the oil is sold below the price cap.
Russian state oil and gas revenue is seen almost halving in February to RUB410 billion ($5.35 billion) from the same month in 2025 due to a stronger local currency and lower oil prices, Reuters calculations showed on Thursday.
No bids or offers were made on Thursday for Urals, Azeri BTC and CPC Blend, traders said.
Hungary is considering cutting off power and gas exports to Ukraine unless Kyiv resumes Russian oil shipments to the country via the Druzhba pipeline, Prime Minister Viktor Orban's chief of staff told a briefing on Thursday.
Crude oil exports from the world's largest oil exporter fell to 6.988 million barrels per day, down from 7.378 million bpd in November and its lowest since September, data from the Joint Organisations Data Initiative showed on Thursday.
(Reporting by Reuters)
