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Russian crude faces delivery hurdles in India as sanctions bite

IndiaTimes Tuesday, 16 January 2024
Russian crude oil tankers face issues delivering at Indian ports due to price cap enforcement by G-7 nations and challenges with shipping entities. India buys from Iraq, UAE, and Saudi Arabia when Russian prices don't conform. US sanctions on Russian oil traders tightened the price cap. Refiners trim oil imports from Russia as discounts aren't attractive.
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