Cheaper will be the Russian crude oil for India buyers, as New Delhi is facing constant pressure from USA To reduce oil trade with Moscow, which, according to the Trump government, contributes to the funding of the war in Ukraine.
The price of crude Urals has decreased by $ 3 to $ 4 per barrel compared to Brent, according to sources receiving bids for Russian oil and citing Bloomberg. The price relates to loads that will be loaded in late September and October, they added. Indian refining companies continue to buy Russian oil, despite the fact that US President Donald Trump has imposed on New Delhi overwhelming duties for this trade.
Repeated reviews by government officials, coupled with financial sanctions, have also pushed Prime Minister Narendra Monti to greet relations with Moscow.
Last week, the Urals was offered at a discount of about $ 2.50 a barrel, more than $ 1 in July, sources said. This is compared to the most expensive American crude recently bought by some Indian refiners, who was priced at about $ 3 higher than Dated Brent, they added.
Urals is Russia’s top oil and is transported from the country’s western ports. India became the largest importer of marine supplies by producer OPEC+ after the start of the war in Ukraine in 2022.