It is more profitable for India to buy oil from the Gulf countries than from Russia - Bloomberg Indian refineries are reducing purchases of Russian oil and switching to supplies from the Persian Gulf countries due to high transportation costs. According to traders, Iraqi oil is being offered at a discount of more than $25 a barrel to the Dubai reference price. Taking shipping into account, it costs a few dollars per barrel less than Brent date. At the same time, Russian oil was sold for about $2 per barrel more than the reference price. Bloomberg notes that supplies from the Middle East have almost returned to pre-war levels, while exports from Russia are declining. Pravda Gershchenko / Send Content / Eng X / Bluesky / Eng Telegram / Threads.

It is more profitable for India to buy oil from the Gulf countries than from Russia - Bloomberg Indian refineries are reducing purchases of Russian oil and switching to supplies from the Persian Gulf countries due to high transportation costs. According to traders, Iraqi oil is being offered at a discount of more than $25 a barrel to the Dubai reference price. Taking shipping into account, it costs a few dollars per barrel less than Brent date. At the same time, Russian oil was sold for about $2 per barrel more than the reference price. Bloomberg notes that supplies from the Middle East have almost returned to pre-war levels, while exports from Russia are declining. Pravda Gershchenko / Send Content / Eng X / Bluesky / Eng Telegram / Threads.