Wednesday, May 18, 2022
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India Wants Russia To Discount Its Oil To Less Than $70 A Barrel: Report

Moscow is looking at ways to keep supplies flowing to India, sources said. (Representational) India is trying to get deeper discounts on Russian oil to compensate for the risk of dealing with the OPEC+ producer as other buyers turn away, according to people with knowledge of the matter. India is seeking Russian cargoes at less than $70 a barrel on a delivered basis to compensate for additional hurdles such as securing financing for purchases in high level talks between the two countries, said the people, asking not to be identified as discussions are confidential. Global benchmark Brent is currently […]

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