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💥 Cheap 🇷🇺 Russian Oil?
Not Anymore, 🇺🇦 Ukraine Drone Strikes Send Urals Crude Costs Soaring for India
🚨 🇮🇳 India’s discount oil lifeline from Russia is under fire literally.
With Ukrainian drones hammering Russian ports and pipelines, the cost of Urals crude is spiking, and the “cheap oil” era may be slipping away.
•📉 October discounts shrink to just $2–$2.5/bbl, down from $3 in Sept
•🚢 Freight costs explode: Baltic-to-India voyages now hit $7M, up from $5.5M
•🔥 The strikes are choking supply routes and jacking up risk premiums
⚠️ 🇮🇳 Indian refiners, once feasting on bargain barrels, now face rising costs, thinner margins, and mounting geopolitical risk. The fallout? Pressure on the rupee, refining spreads, and possibly pump prices next.
#OilShock RussiaIndia #UralsCrude UkraineStrikes #EnergyCrisis CheapOilOver #Geopolitics OilMarketVolatility #IndianRefiners FreightSurge #RupeeRisk #Commodities #GlobalEnergy #DroneWar #CrudeCrunch