Discount shopping: PSU refiners stock up on cheap Russian crude Posted on March 19, 2022 by cngpump Cheaper crude from Russia can be blended with other varieties for use by refineries even if Russian grade is not their staple feed. This will help boost refiners’ margins. Related posts: Russian oil sale to India complicates Biden’s efforts Indian Oil buys 3 million barrels Russian Urals crude via tender Mukesh Ambani is stepping in to supply diesel-starved Europe Oil PSUs readying to buy discounted Russian crude After IOC, HPCL buys 2 million barrel Russian crude, MRPL seeks 1 million barrel Crude oil shoots higher on US Russian oil ban, Asian shares stabilise Here’s how oil’s historic surge is impacting Asia stock markets BPCL’s amalgamation of subsidiaries to improve synergies: Fitch India’s February oil imports surge as refiners boost runs to meet demand India taking up Russian discounted oil offer will not be US sanctions violation, says White House