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10.12.25 - 17:45
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Deep Discounts Tempt Indian Refiners To Seek Non-Sanctioned Russian Oil (ZeroHedge)
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Deep Discounts Tempt Indian Refiners To Seek Non-Sanctioned Russian Oil
Authored by Tsvetana Paraskova via OilPrice.com,
The majority of India's biggest refiners are buying Russian oil from non-sanctioned sellers and traders as widening discounts of Russia's crudes to benchmarks are tempting the price-sensitive Indian importers, sources involved in the purchases told Bloomberg on Wednesday.
Before the latest sanctions on Russian oil producers Rosneft and Lukoil, India bought from Russia around one-third of all the crude it imported, as it sought cheaper oil.
Amid tense trade negotiations with the United States, India earlier this year was singled out by U.S. President Donald Trump as the main financier of the Kremlin's oil revenues.
At the time, India remained adamant that it would buy the cheapest oil available, regardless of whether it came from Russia or elsewhere.
However, the U.S. sanctions on Rosneft and Lukoil upended all previous plans by Indian refiners, who hastened to ...
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10.12.25 - 10:24
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Barclays India CEO Kumar on M&A Activity in 2026 (Bloomberg)
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Pramod Kumar, India CEO and Vice Chairman of Investment Banking APAC at Barclays Bank, says he expects robust M&A activity in India in 2026. He believes consumer tech and consumer businesses will continue to drive deal flow. He spoke exclusively on Bloomberg's Insight with Haslinda Amin.Headline: Barclays India CEO Kumar on M&A Activity in 2026 (Source: Bloomberg)...
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