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Import Price of Russian Crude to India Rises to Highest Since Nov 2022

OIL

The average import price of Russian crude to India, including shipping and insurance, rose in October to 84.47$/bbl according to government data.

  • The price has risen more than 3% from September and is the highest since November 2022 but remains cheaper than cargoes from Iraq and Saudi Arabia according to Bloomberg.
  • Russia’s exports of crude oil to India slumped in November, according to Platts, amid rising freight rates and tighter sanctions compliance.


Source: Bloomberg

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