Urals Discount Blows Past $10/bbl as Indian Buyers Cool, Middle East Supply Surges

Russian crude loses pricing power in its key post-sanctions market as Indian refiners pull back amid rising competition from Middle Eastern barrels, widening the Urals spread and squeezing Moscow's export revenues.

ndtv-profit-business · 7/7/2026, 7:32:11 PM · Ask about this →