The discount of Russian oil exported to India has tightened considerably, from some $30 to Brent crude last year to as little as $4 per barrel, Eurasia Daily Monitor has reported, adding that shipping costs, on the other hand, have increased. Per the agency, the shipping costs per barrel of Urals sent to India now vary between $11 and $19, which Eurasia Daily Monitor says is higher than the shipping costs for oil imported from other countries at similar distances. Meanwhile, Indian media reported that imports from Russia in the period between April…
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