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Spotlight: Crude oil import from Russia seen rising amid West Asia tension

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Spotlight

Crude oil import from Russia seen rising amid West Asia tension

This story was originally published at 14:29 IST on October 8, 2024  Back
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India is likely to import more crude oil from Russia in the coming months as escalation of tensions in West Asia could cripple oil supply from the region, said analysts. As Russian oil is available at a discount to other crude grades, particularly from Saudi Arabia, India could import more from Moscow, thereby reducing its import bill.

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