05-February-2026
Economy News
 
Steeper discounts on Russian oil test India's response to US trade deal
04-Feb-2026

Discounts on Russian oil being offered to Indian refiners have widened over the past 10 days, raising the question of whether processors will be encouraged to snap up cargoes despite a trade agreement with the US that hinges on lower purchases. Russia’s flagship Urals grade is being offered at more than $10 a barrel below Brent, inclusive of shipping and other costs, traders involved in the purchases said, asking not to be named as the information isn’t public.

News Source:- https://economictimes.indiatimes.com/industry/energy/oil-gas/steeper-discounts-on-russian-oil-test-indias-response-to-us-trade-deal/articleshow/127902011.cms