{"id":543029,"date":"2022-12-14T11:45:10","date_gmt":"2022-12-14T06:15:10","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=543029"},"modified":"2022-12-14T11:45:10","modified_gmt":"2022-12-14T06:15:10","slug":"india-may-get-russia-oil-at-below-60-per-barrel","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/india-may-get-russia-oil-at-below-60-per-barrel\/","title":{"rendered":"India may get Russia oil at below $60 per barrel"},"content":{"rendered":"<p>Indian refiners may be able to source most of their Russian oil purchases at a rate lower than the West&#8217;s price cap of $60 after international prices fell.<\/p>\n<p>India hasn&#8217;t backed the price cap and may yet end up paying lower rates since Russia can&#8217;t defy the market or reduce discounts to sell at rates higher than the cap, Indian industry executives said. The flagship Urals crude, which made up 80% of India&#8217;s Russian oil imports in November, is trading at around $49 per barrel while ESPO blend and Sokol are trading at around $62 and $69 per barrel, respectively.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian refiners may be able to source most of their Russian oil purchases at a rate lower than the West&#8217;s price cap of $60 after international prices fell. India hasn&#8217;t backed the price cap and may yet end up paying lower rates since Russia can&#8217;t defy the market or reduce discounts to sell at rates higher than the cap, Indian industry executives said. The flagship Urals crude, which made up 80% of India&#8217;s Russian oil imports in November, is trading at around $49 per barrel while ESPO blend and Sokol are trading at around $62 and $69 per barrel, respectively.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-543029","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/543029","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=543029"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/543029\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=543029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=543029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=543029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}