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Steeper Discounts on Russian Oil Test India Response to US Deal
Market Intelligence Analysis
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Why This Matters
India is facing a dilemma as discounts on Russian oil increase, potentially encouraging refiners to purchase more Russian oil despite a trade agreement with the US that requires lower purchases.
Market Impact
Market impact analysis based on bearish sentiment with 70% confidence.
Sentiment
Bearish
AI Confidence
70%
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.
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.
Original article published by
Bloomberg
on February 4, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.