SITUATION REPORT

India, Russia: Indian State Refineries Continue Russian Crude Purchases Despite U.S. Warnings

Aug 20, 2025 | 20:19 GMT

India's state-run refiners, Indian Oil and Bharat Petroleum, have resumed purchases of Russian crude for September and October delivery after discounts on Urals widened to around $3 per barrel, up from the narrower $1.70-$2 discounts seen in August, Reuters reported on Aug. 20....

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