Russian oil remains largely unaffected by Trump’s threats: discount for India reduced

Donald Trump’s calls for NATO countries and G7 partners to impose tariffs on India and China for importing Russian oil and to stop purchasing it themselves have had little effect on the price of Russian crude. Discounts on Russian Urals oil at Russian ports decreased by only $1-2 per barrel. This reduction is viewed as minimal in the context of the overall oil market. The oil market remains stable despite Trump’s warnings and the potential impact on demand in large importing countries like India and China. Prices are expected to remain steady in the coming weeks as the situation unfolds.