Russia has become India’s top crude supplier thanks to sanctions-related discounts The price of Iraqi oil supplies to India fell in February amid a steady flow of cheaper Russian shipments, Bloomberg reported on Tuesday, citing preliminary official statistics. According to the outlet, the price of crude from Iraq averaged $76.19 a barrel, compared with $78.92 in January. Data from India’s Ministry of Commerce and Industry reportedly shows that Russian supplies averaged $72.14 a barrel, slightly lower month-on-month. Meanwhile, crude from Saudi Arabia was the most expensive for Indian buyers in February, at $87.66
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