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To: BobL

Price cap + Urals sludge discount + 30% discount to China and India. Not a surprise that Putin wants to hide the decline.


4 posted on 04/28/2023 12:51:00 PM PDT by marcusmaximus
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To: marcusmaximus

“+ 30% discount to China and India”

Try catching up with the times on that one - more like 10-15%

https://www.aljazeera.com/economy/2023/4/18/india-and-china-snap-up-russian-oil-in-april-above-price-cap

“Average discounts for Urals were at $13 per barrel to dated Brent on a DES (delivered ex-ship) basis in Indian ports and $9 to ICE Brent in Chinese ports”


7 posted on 04/28/2023 1:05:30 PM PDT by BobL
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To: marcusmaximus

You are daydreaming. The discounts are long gone. Japan on the contrary, pays Russia premium.


22 posted on 04/28/2023 7:34:10 PM PDT by NorseViking
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