Russian Oil Discount for India Widens on U.S. Pressure ...Middle East

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Russian Oil Discount for India Widens on U.S. Pressure
source : OILPRICE ( Middle East ) () 66
The discount of Russia’s flagship Urals crude blend for Indian buyers has widened to between $3 and $4 per barrel for Indian barrels amid continued pressure on the latter coming from the United States. At the time of writing, Urals crude was trading at $62.89 per barrel, compared with $68.45 per barrel of Brent crude. However, over the last month, Urals has been trading within a range of between $61 and $65 per barrel, which makes it hard to put forward a solid argument that the discount has widened in the past few days—in mid-August,…

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