Russian Urals crude oil discounts hit record levels in India as US sanctions intensify
Russian Urals crude trading at a $10 per barrel discount in India as US sanctions on major energy firms force refiners to find alternative global sources.
Insights:
Russian 
RUFebruary Urals crude oil cargoes are trading at record-wide discounts of $10 per barrel against dated Brent Crude Oil in India 
INports as of January 26, 2026. This $10 per barrel discount represents a $3 to $5 per barrel increase from estimates for cargoes loading in autumn 2025 and is described by market analysts as close to the widest on record.
RUFebruary Urals crude oil cargoes are trading at record-wide discounts of $10 per barrel against dated Brent Crude Oil in India INports as of January 26, 2026. This $10 per barrel discount represents a $3 to $5 per barrel increase from estimates for cargoes loading in autumn 2025 and is described by market analysts as close to the widest on record.
