India’s love for Russian oil continues? State refiners pick non-sanctioned crude at higher discounts; but will Moscow remain top supplier?

Indian refiners are now securing non-sanctioned Russian crude at attractive discounts, with some deals fetching $5 per barrel below Dated Brent. This strategic shift follows US sanctions on major Russian oil firms. While overall imports remain controlled, select companies are resuming purchases, navigating evolving sanctions and ongoing trade discussions with Washington.