Rising costs squeeze intermediaries out of Russian oil trade with India

Q: How long will it take to read this news story?

The story "Rising costs squeeze intermediaries out of Russian oil trade with India" has 797 words across 31 sentences, which will take approximately 4 - 7 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Rising costs squeeze intermediaries out of Russian oil trade with India" was covered 2 weeks ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 232 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #24135384</li><li>URL: https://beamstart.com/news/rising-costs-squeeze-intermediaries-out-1733387985</li></ul>

Business Standard Logo Business Standard 2w ago

Rising costs squeeze intermediaries out of Russian oil trade with India - Business Standard

Quick Summary:

In 2022 and 2023, by comparison, payments were made weeks after loading as Russian firms were desperate to place barrels in Asia after sanctions closed off European Union markets, the two sources said.

Last year, Indian companies were getting Russian oil offers from at least 10 middlemen a month, three of the six sources said.

Russian barrels still remain attractive for Indian buyers as they are $3 per barrel to $3.5 per barrel cheaper than rival grades from the United States and the Middle East, the six traders said.