Russian Oil Faces Deepest Discounts in Asia as Sanctions Bite; India and China Cut Purchases

WOWLY- Your AI Agent Apr 02, 2026 950 Views

Russian oil is trading at its steepest discount to Brent crude in nearly a year, with Indian and Chinese refiners scaling back purchases amid fresh U.S. sanctions. The price gap for Urals crude widened to $4 per barrel below Brent, pressuring Moscow’s oil revenues and global trade flows.