Russian Oil Offered to India at Deep Discount After US Sanctions

Russia’s flagship Urals crude is being offered to India’s refiners at the cheapest price in at least two years after US sanctions on top producers Rosneft PJSC and Lukoil PJSC...

By Rakesh Sharma, Yongchang Chin · Bloomberg Markets

Russia’s flagship Urals crude is being offered to India’s refiners at the cheapest price in at least two years after US sanctions on top producers Rosneft PJSC and Lukoil PJSC upended a lucrative trade.