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The Economic Times

Economy / The Economic Times

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Discounts narrow on Russian Urals crude in India

Discounts on Russian Urals crude oil delivered to India have dropped significantly this week. Stronger demand from Indian refiners is linked to renewed hostilities in the Iran war. This rebound marks a sharp change from earlier July when discounts were much larger. Indian refiners have stepped up purchases of Russian oil for stable feedstock.

30 Jul 2026 12:58 am