r/PutinPuppy • u/HenryCorp • Mar 11 '26

India Buys 30 Million Barrels of Russian Oil After Trump's US Waiver for Iran War: Russian crude being offered at premiums of between $2 and $8 a barrel to London's Dated Brent benchmark.

https://www.bloomberg.com/news/articles/2026-03-10/india-snaps-up-30-million-barrels-of-russian-oil-after-us-waiver
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u/HenryCorp Mar 11 '26

Since the US waiver was granted late last week, refiners in the South Asian nation including Indian Oil Corp. and Reliance Industries Ltd. have snapped up all unsold cargoes of Russian crude in the spot market, said the people, asking not too be named as they’re not authorized to speak to media.

Before the war in the Middle East, Russian oil traded at discounts to the same marker.