Economy Bloomberg 24d ago

Flagship Russian Oil Sinks in China After India Buyers Pull Back

Market Intelligence Analysis

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Why This Matters

Russia's flagship Urals crude prices have dropped to a record low due to decreased demand from Indian buyers, reducing competition for Chinese buyers.

Market Impact

Market impact analysis based on bullish sentiment with 80% confidence.

Sentiment
Bullish
AI Confidence
80%
Time Horizon
Short Term

Article Context

Note: This is a brief excerpt for context. Click below to read the full article on the original source.

Prices of Russia’s flagship Urals crude for delivery to China have dropped to an unprecedented low as demand for the grade from Indian processors eases off, lessening competition for the cargoes.

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Original article published by Bloomberg on January 22, 2026.
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