Russia Sells Urals Oil To India At $20 Above The Price Cap | ZeroHedge
Authored by Tsvetana Paraskova via OilPrice.com,
Tightening global crude supply and rising international prices have raised the price at which Russia’s crude is being sold to India at about $20 per barrel over the G7 price cap of $60, traders have told Reuters.
The Russian flagship crude grade, Urals, is being sold to one of Moscow’s top customers, India, at nearly $80 per barrel now, or around 30% above the price cap set by the G7 and the EU if Russian crude shipments to (more…)