Russian Crude Oil Discounts for Indian Refiners

Front

Russia increased discounts on crude oil for Indian refineries to maintain market share.

Back

Maintain market share in India.

Front

Benchmark grade of Russian crude oil sourced by Indian companies?

Back

Urals

Front

Why did Indian buyers resist cutting discounts on Russian Urals sales?

Back

To maintain the competitiveness of Urals grade.

Front

Increase in Indian purchases of Russian oil in September vs August?

Back

20%

Front

India's oil import expenditure at current rates?

Back

$32 billion

Front

Main benefit of higher discounts on Russian oil for India?

Back

Reduced sourcing costs for refineries

Front

Difference in discounts on Russian Urals oil (Aug vs Sep):

Back

$3-4 per barrel

Front

Market share of Russia in India's crude oil imports?

Back

42%

Front

Lowest level of Indian purchases of Russian oil since January?

Back

1.55 million barrels per day

Front

Estimated volume of Russian oil imports by India in September?

Back

1.83 million barrels per day