Wider Discounts Could Tempt India to Buy More Russian Crude Oil ...Middle East

A doubling of the discount of Russia’s flagship Urals crude grade to Dated Brent could prompt more Russian oil purchases from Indian refiners in the coming weeks.  The discount of Urals to Dated Brent has widened to $2.00-$2.50 per barrel sources with knowledge of the market pricing told Bloomberg on Wednesday. The differential has now doubled compared to the $1.00 a barrel discount for Urals versus Dated Brent in July and August.   India’s crude oil imports from Russia are estimated to have dropped by about…

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