24 Nov 2025 | 5 Mins Read
Russia offers discounted oil to India following US sanctions
Flipitmoney
US sanctions on Rosneft and Lukoil led to a drastic change in the price of Russia's flagship Urals crude for Indian refiners, dropping to a discount of up to $7 a barrel from Dated Brent, compared to $3 previously, due to reduced demand and Indian refiners seeking cheaper oil options, with some now reconsidering Russian oil purchases from non-sanctioned sellers.