India still prefers Russian oil despite rising prices – Kommersant  ...News

Urals blend continues to be the cheapest crude available despite narrowing discounts, the newspaper says  India will remain a major buyer of Russian oil even as the discount on the country’s flagship Urals blend shrinks, the Kommersant business daily reported on Friday.    Russian oil will maintain its competitive advantages on the Indian market despite the Urals discount to Brent shrinking to $4–5 per barrel, the paper said, citing data from energy analytics company Kpler.    India’s consumption of Russian crude has soared since last year, ousting traditional Middle Eastern suppliers Saudi Arabia and Iraq from th

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