Russia Sells Urals Oil To India At $20 Above The Price Cap ...Middle East

OILPRICE - Economy
Russia Sells Urals Oil To India At $20 Above The Price Cap
source : OILPRICE ( Middle East ) () 19
Tightening global crude supply and rising international prices have raised the price at which Russia’s crude is being sold to India at about $20 per barrel over the G7 price cap of $60, traders have told Reuters. The Russian flagship crude grade, Urals, is being sold to one of Moscow’s top customers, India, at nearly $80 per barrel now, or around 30% above the price cap set by the G7 and the EU if Russian crude shipments to third countries outside the EU are to use Western insurance and financing. Data from traders and Reuters calculations…

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