You Searched For "russian crude discounts" and got 18 results
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1 min read
Discounts on Russian crude oil are shrinking as Moscow regains pricing leverage in a tight energy market
Prices for oil from Russia's Far East are now at parity with Dubai crude after previously trading a…
Brian Evans
2 mins read
Iran is cutting its oil prices to compete with cheap Russian crude for Chinese buyers: report
Russian crude currently trades at a $20 a barrel discount, so Tehran is cutting prices to compete i…
George Glover
2 mins read
Russian oil products are likely ending up in the US after being refined in India, report says
"It does look like there's a trade where Russian crude is refined in India and then some of it is s…
Phil Rosen
2 mins read
Russia admits there are 'problems' with energy revenues plunging over 50% in the first quarter of 2023 — and blamed them on 'all these discounts': report
"There is a problem with energy revenues," finance minister Anton Siluanov admitted in a public vid…
Huileng Tan
1 min read
China is snapping up Russian oil at the steepest discount in months as EU scrambles to keep a lid on Moscow's energy income
"They don't really care about the price cap. All they do is crunch the numbers to see if the delive…
Jennifer Sor
1 min read
Russian seaborne oil exports fall to their lowest level in a year as discounts become less attractive for Asian customers
In the first two weeks of September, exports totaled 3.03 million barrels per day, a drop of around…
Jennifer Sor
1 min read
China's imports of Russian oil are on track to hit a record high as Beijing doubles down on steep discounts
Analysts expect nearly 43 million barrels of Russian crude will be delivered to China this month, a…
Zahra Tayeb
1 min read
International oil traders are flocking to India as the nation seeks new ways to buy Russian crude
Sources told Bloomberg that some international traders have been offering barrels at markdowns of a…
Jennifer Sor
1 min read
India and China are still snapping up Russian oil — but they are demanding huge bargains which is hitting Kremlin's war chest
Russia is losing about $4 billion a month as Urals crude oil trades at about 40% discount to intern…
Huileng Tan
1 min read
Russia has 3 oil moves reportedly in mind to hit back at the G7 price cap: a sales ban, a minimum price and maximum discounts
Russia's Deputy Prime Minister has said any response from Moscow to the G7 price cap measure would …
Zahra Tayeb
1 min read
Pakistan just became the latest country to snap up cheap Russian oil
Barrels of Russian oil trade for $15 a barrel less than other benchmarks, as the war in Ukraine has…
George Glover
1 min read
Indian imports of Russian oil have surged as the country tries to curb inflation with cheap crude, official says
India has become one of Russia's largest energy customers since the invasion of Ukraine while weste…
Jennifer Sor
1 min read
Russian oil has been selling for 32% less than Brent crude, and the discount could continue widening amid new sanctions
Russia's Finance Ministry said a barrel of Urals, the country's primary export blend, sold for $73.…
Brian Evans
2 mins read
Crisis-hit Sri Lanka — which ran out of fuel earlier this year — snaps up cheap Russian oil for the first time ever
Since March, Sri Lanka has buying so much Russian oil that it now accounts for all the Asian countr…
Huileng Tan
2 mins read
India imported 420,000 fewer barrels of Russian oil a day in February amid tightening sanctions
Weaker crude exports caused Russia's monthly energy revenue to slide by nearly 1% from January, the…
Filip De Mott
1 min read
China is buying Russian oil at a bigger discount using yuan as price cap looms, report says
The deals come ahead of the December 5 start date for a Russian oil price cap as well as the Europe…
Phil Rosen
2 mins read
Russia’s energy trade with India could be strained amid fresh sanctions, report says
New restrictions on Moscow could mean higher freight costs and a lower discount on Russian crude, s…
Filip De Mott
1 min read
Russia's tax hike on the oil and gas industry will be destructive to a key piece of its economy
The G7 views the tax change as an acknowledgement from the Kremlin that it will have to continue se…