“A scale-down of Russian inflows even by a third would require India to replace roughly 0.8-1.0 million barrels per day of crude, which is up to 20% of India’s total current crude import volume based …”
“Considering the discount on Russian Urals already came down to just $1-2 per barrel and the additional impact of longer routes, freight, and insurance cost might add another $2-3 per barrel, the comb…”
