India loses Russia oil discounts
NEW DELHI: Traders have stopped offering discounts on Russian crude sold to India as disruptions to Middle Eastern supplies have boosted demand for alternative grades, the head of finance at Indian state refiner Bharat Petroleum Corp said on Thursday. Refiners in India, the world's third-biggest oil importer and consumer, have raised purchases of Russian oil as supplies from traditional producers in the Middle East have been disrupted.Also Read: Hormuz, Red Sea spark a 1,000% war-risk prem...
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This article was originally published by Economictimes.indiatimes.com.
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