India to continue buying oil from Russia as ties deepen

Buying oil from Russia is short term just like Europe is “trying” to reduce reliance.

So you have like 0 understanding of oil markets, right? You put quotations around "trying" as if it's some sort of feint, right?

Can you explain the price differential between Brent / Urals crude? Urals crude has been consistently a couple bucks lower than Brent for a very long time... all of a sudden on it dropped from -$1.32 on Feb 2 to a low of -$37.35 on April 18 and has stabilized around -$23.00.

https://www.neste.com/investors/market-data/urals-brent-price-difference#f86768a3

Why is Russia selling at such a massive discount? If the effort to get off Russian oil is only superficial, like you claim, then why is there such a massive economic impact on the relative value of Russia oil?

/r/worldnews Thread Parent Link - aljazeera.com