According to data from energy cargo tracker Vortexa, the share of Urals in India's crude oil imports rose to 1.56 million barrels per day (bpd) in September, compared with 865,000 bpd during the same period last year. On a monthly basis, imports were up by 8% from 1.44 million bpd.Data compiled by commodity research and analysis company Kpler showed that crude imports from Russia rose to 1.8 mn barrels a day in September compared with 977,000 bpd during September 2022."Indian refiners have been tacitly lamenting about Urals trading at -$4 per barrel to Brent on a delivered basis, however given the robust pull on Russian crude from China, the differentials on Russian barrels will not be coming down anytime soon. Urals at that price is still $6 a barrel lower than anything term-supplied from the Middle East," said Viktor Katona, lead crude analysts at Kpler.
Bu hikaye Financial Express Mumbai dergisinin October 02, 2023 sayısından alınmıştır.
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Bu hikaye Financial Express Mumbai dergisinin October 02, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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