Russian oil discount shrinks 87% to $4/barrel as sellers game shipping, insurance to skirt G7 price cap – Times of India

[ad_1] NEW DELHI: The love affair with Russian oil appears to be losing its charm for Indian refiners as discounts have shrunk to $4 per barrel from peaks of $25-30, with sellers going dark on shipping rates to cover the gap with benchmark Brent crude and skirt western price cap, people in the know told … Read more