Russian oil trade: Discounts soften impact of losing sanctioned barrels; Indian refiners ramp up non-sanctioned crude
US sanctions on Rosneft and Lukoil are having a softer financial impact on Indian refiners than initially feared, with wider discounts on Russian crude nearly offsetting the expected drop in volumes.
Indian state-owned and private refiners have halted cargoes from the two sanctioned firms and are instead sourcing from non-sanctioned suppliers.
