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Middle East war: Indian refiners forced to buy oil at premium; Russian discounts vanish

Times of India

PoliticsTimes of India·Aug 19, 2026·1 min read

Middle East war: Indian refiners forced to buy oil at premium; Russian discounts vanish

The surge in available crude following the temporary truce had also increased the discounts offered on Russian and Venezuelan oil. Since then, the discount on Russian crude has largely disappeared, while the price reduction on Venezuelan…

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