Love for Russian oil: India picks non-sanctioned crude at discounts; will Moscow remain top supplier?
Indian refiners are now securing non-sanctioned Russian crude at attractive discounts, with some deals fetching $5 per barrel below Dated Brent. This strategic shift follows US sanctions on major Russian oil firms. While overall imports remain controlled, select companies are resuming purchases, navigating evolving sanctions and ongoing trade discussions with Washington.
Indian refiners are now securing non-sanctioned Russian crude at attractive discounts, with some deals fetching $5 per barrel below Dated Brent. This strategic shift follows US sanctions on major Russian oil firms. While overall imports remain controlled, select companies are resuming purchases, navigating evolving sanctions and ongoing trade discussions with Washington.
