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The Economic Times
The Economic Times
Business

Discounts narrow on Russian Urals crude in India

India Oil Russia United States Iran

MOSCOW, - Discounts on Russian Urals crude oil delivered to India have ​dropped to between $1 and $2 a ​barrel against the dated Brent benchmark this week because ​of supply concerns, three trade sources said.

Stronger demand from Indian refiners was linked to renewed hostilities in the Iran war and disruptions to shipping through the Strait of ‌Hormuz.

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