EU Pushes Back on Sen. Graham’s Claim About Oil Imports From India

EU pushes back on Sen. Graham’s claim about oil imports from India

The European Commission on Thursday pushed back on a suggestion by Sen. Lindsey Graham (R-SC) that EU purchases of Indian oil are indirectly supporting Russia’s war in Ukraine, pointing to “decisive action” it has taken to block Russian energy imports, including those coming by way of third countries. Graham, who is the co-sponsor of a Russian sanctions bill, made the charge in a social media post on Wednesday while lauding President Trump for d…

Russian Crude Discount Deepens Amid Sanctions and Tariffs

Russia’s flagship Urals blend is trading at a $5 discount to dated Brent following the latest round of EU sanctions and President Trump’s decision to impose additional tariffs of 25% on Indian imports as punishment for India’s decision to continue buying Russian oil. Following these latest moves by the EU and the U.S., Indian refiners started reducing their intake of Russian crude, which has affected prices, energy analytics provider Kpler repor…

Russia Oil Prices To India Dip On EU Sanctions, Penalty Threats From US: Kpler

Russian crude is being offered to Indian buyers at lower prices as European Union sanctions and threats of penalties from the US cloud the demand outlook, according to data intelligence firm Kpler Ltd.The price of Urals, the OPEC+ producer’s flagship oil, is more than $5 a barrel cheaper than Dated Brent, according to a note on Wednesday from Kpler, which cited Argus data. That compares with almost parity two weeks ago.The downward trend is like…