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India Wants To Buy Russian Oil, At Below $70 A Barrel

The world’s third-largest oil importer, India, is negotiating steep discounts for the Russian oil it is prepared to buy, asking for below $70 per barrel price to compensate for logistics, financing, and sanctions troubles for buying crude that is now toxic for most of the West, Bloomberg reported on Wednesday, quoting sources familiar with the talks.

  Since the beginning of the Russian war in Ukraine, India – a price-sensitive crude buyer which has criticized OPEC and OPEC+ for keeping oil prices “artificially high”…

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