Russian oil sellers slash prices in China as India reduces imports following U.S. trade deal
Russian exporters offer record discounts to Chinese refiners as India cuts purchases. This shift follows a new trade agreement between the U.S. and India.
Insights:
Oil sellers from Russia 
RU have begun cutting prices for crude delivered to China 
CN following an announcement by the United States 
US that India 
IN would halt oil purchases from Russia RU. This strategic price adjustment comes as exporters seek to secure demand from China CN to offset the anticipated loss of sales to India IN, a move triggered by a trade agreement between President Donald Trump donald trump and Prime Minister Narendra Modi narendra modi.
RU have begun cutting prices for crude delivered to China CN following an announcement by the United States US that India IN would halt oil purchases from Russia RU. This strategic price adjustment comes as exporters seek to secure demand from China CN to offset the anticipated loss of sales to India IN, a move triggered by a trade agreement between President Donald Trump donald trump and Prime Minister Narendra Modi narendra modi.
