Russia's Urals oil price discount widens to 23% in November, central bank says The discount on the price of Russia's Urals oil blend to global benchmark Brent widened by six percentage points this month to 23%, the Russian central bank said on Thursday in its review. The discount, though less severe than those seen after the initial wave of Western sanctions in 2022, reflect mounting pressure on Russian oil revenues - a critical lifeline for Moscow's budget. The central bank said the discount stood at close to 15% in the second and third quarters, reaching 17% in October. Russia's oil and gas revenue may fall in November by 35%, according to Reuters calculations, due to a lower oil price and stronger rouble. (Reuters)