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India Steps Up Purchases of Sanctions-Free Russian Crude
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Why This Matters
India's Bharat Petroleum and Indian Oil Corp. are increasing their purchases of Russian crude oil from non-sanctioned companies, indicating a strategic move to secure cheaper energy supplies. The recent transactions reflect a discount of $6-$7 to Brent crude prices, suggesting that India is capitalizing on favorable pricing amidst ongoing geopolitical tensions.
Market Impact
Market impact analysis based on bullish sentiment with 73% confidence.
Sentiment
Bullish
AI Confidence
73%
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
India’s Bharat Petroleum Corp. and India Oil Corp. have bought Russian crude from non-sanctioned companies, with Bharat Petroleum ordering a cargo of 2 million barrels of Urals crude for January delivery, from companies other than Rosneft and Lukoil, Reuters has reported, citing unnamed trader sources. The price tag for the cargo featured a discount of $6-$7 to Brent crude, the sources told Reuters. This is actually slimmer than the futures market difference between Urals and Brent. Brent is trading at a bit over $63 per barrel, while the…
Original article published by
OilPrice.com
on December 5, 2025.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.