{"id":554913,"date":"2023-02-13T09:51:46","date_gmt":"2023-02-13T04:21:46","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=554913"},"modified":"2023-02-13T10:46:26","modified_gmt":"2023-02-13T05:16:26","slug":"the-1-billion-a-month-spread-to-deliver-russian-crude-oil-to-india","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/the-1-billion-a-month-spread-to-deliver-russian-crude-oil-to-india\/","title":{"rendered":"The $1 billion-a-month spread to deliver Russian crude oil to India"},"content":{"rendered":"<p>There are fortunes to be made delivering Russian crude oil to India.<\/p>\n<p>Price assessments by Platts, a unit of S&amp;P Global, show a margin of more than $20 between a barrel of Russia\u2019s Urals crude lifted in the Baltic region and the same oil delivered to the west coast of India. On a flow that\u2019s now running at about 1.5 million barrels a day, that works out at $1 billion a month.<\/p>\n<p>The European Union banned imports of Russian crude in December, putting the country at the mercy of two big buyers: China and India. Numerous new trading firms with ties to Moscow emerged \u2014 especially in Dubai \u2014 before the measure, along with a price cap on Russian oil, was imposed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There are fortunes to be made delivering Russian crude oil to India. Price assessments by Platts, a unit of S&amp;P Global, show a margin of more than $20 between a barrel of Russia\u2019s Urals crude lifted in the Baltic region and the same oil delivered to the west coast of India. On a flow that\u2019s now running at about 1.5 million barrels a day, that works out at $1 billion a month. The European Union banned imports of Russian crude in December, putting the country at the mercy of two big buyers: China and India. Numerous new trading firms with [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-554913","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/554913","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=554913"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/554913\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=554913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=554913"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=554913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}