--- title: "Indian refiners are buying millions of barrels of Russian spot crude oil" type: "News" locale: "en" url: "https://longbridge.com/en/news/277975566.md" description: "According to Reuters, traders are currently selling Russian Urals crude oil to the Indian market at a premium of $4 to $5 per barrel over Brent crude oil, showing a significant recovery from the steep discounts before the outbreak of the Iran conflict" datetime: "2026-03-05T18:33:27.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/277975566.md) - [en](https://longbridge.com/en/news/277975566.md) - [zh-HK](https://longbridge.com/zh-HK/news/277975566.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/277975566.md) | [繁體中文](https://longbridge.com/zh-HK/news/277975566.md) # Indian refiners are buying millions of barrels of Russian spot crude oil According to Reuters, traders are currently selling Russian Urals crude oil to the Indian market at a premium of $4 to $5 per barrel over Brent crude oil, showing a significant recovery from the steep discounts before the outbreak of the Iran conflict ### Related Stocks - [iShares US Oil & Gas Explor & Prod ETF (IEO.US)](https://longbridge.com/en/quote/IEO.US.md) - [The Energy Select Sector SPDR® ETF (XLE.US)](https://longbridge.com/en/quote/XLE.US.md) - [SttStrtSPDRS&POil&GasExplor&ProdtnETF (XOP.US)](https://longbridge.com/en/quote/XOP.US.md) - [United States Oil (USO.US)](https://longbridge.com/en/quote/USO.US.md) - [iShares Global Energy ETF (IXC.US)](https://longbridge.com/en/quote/IXC.US.md) - [United States Brent Oil (BNO.US)](https://longbridge.com/en/quote/BNO.US.md) - [VanEck Oil Services ETF (OIH.US)](https://longbridge.com/en/quote/OIH.US.md) ## Related News & Research - [A Look At Baytex Energy’s Valuation After Raymond James Upgrade And Strong Industry Backdrop](https://longbridge.com/en/news/281687770.md) - [US crude premiums climb to record levels as Asia, Europe compete for supply](https://longbridge.com/en/news/281744813.md) - [Brace for Impact: Why Oil Prices Could Be Extremely Volatile This Week.](https://longbridge.com/en/news/281745208.md) - [LIVE MARKETS-Does a Good Friday jobs report = a rocky ride on Monday?](https://longbridge.com/en/news/281558023.md) - [ConocoPhillips Stock (COP) Moved Up by 3.30% on Apr 2: A Full Analysis](https://longbridge.com/en/news/281540399.md)