India Looks Elsewhere for Oil as US Sanctions Crimp Russia Trade
- Saudi shipments to South Asian nation climb this month: Kpler
- Discounts for Russian crude narrow to $2-$4 a barrel: sources
Russia is the dominant oil supplier to India.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
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Tightening enforcement of US sanctions is denting India’s oil trade with Russia, forcing processors to consider other supplies, according to refinery executives familiar with the matter.