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Indian refiners increase demand for cheaper Urals crude; reduce imports of expensive Russian grades oil
Indian refiners have increased their demand for cheaper Urals crude in October, reducing imports of more expensive Russian grades to control costs. Urals crude made up 90% of the total imports from Russia in October, rising from 72% in September. The availability of Urals crude at a $10 discount compared to grades like ESPO and Sokol has led to its preference among Indian refiners.
Indian refiners have increased their demand for cheaper Urals crude in October, reducing imports of more expensive Russian grades to control costs. Urals crude made up 90% of the total imports from Russia in October, rising from 72% in September. The availability of Urals crude at a $10 discount compared to grades like ESPO and Sokol has led to its preference among Indian refiners. 
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