Indian companies resumed buying oil from Russia after the discount increased, possible impact on China's supply

Oil Trade: Bharat Petroleum and Indian Oil have resumed buying Russian crude oil after the discount increased. Orders have been placed for September-October delivery. Earlier, purchases were stopped in July due to low discounts and US warnings. Now Urals is getting a discount of $3 per barrel. This may affect the supply of China, which was increasing purchases when India stopped.

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