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Russian Oil Discounts Widen for China as Indian Purchases Falter
Market Intelligence Analysis
AI-Powered
Why This Matters
Russia is offering wider discounts to Chinese refiners for its oil due to faltering Indian purchases, indicating a shift in demand and potential impact on global oil prices.
Market Impact
Market impact analysis based on bearish sentiment with 80% confidence.
Sentiment
Bearish
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.
As India is tentatively pulling back from buying Russian oil after the U.S. trade deal, Russia’s crude is being offered in China at widening discounts to attract Chinese refiners, trade sources have told Reuters. This week, the discount of the ESPO blend that Russia ships from the Kozmino port in the Far East widened to almost $9 per barrel to ICE Brent, up from the $7–$8 a barrel discount of the past months, according to the trade sources. Discounts for Russia’s flagship Urals crude grade shipped from Russia’s…
Original article published by
OilPrice.com
on February 5, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.