Russian oil: Indian refiners to tank up, eye bigger discounts in strategy shift Posted on April 19, 2022 by cngpump State refiners have bought more than 15 million barrels of Russian crude from traders as well as Russian firms since the outbreak of war, paying in dollars using regular banking channels, they said. The Ukraine invasion began February 24. Related posts: Discount shopping: PSU refiners stock up on cheap Russian crude European nations remain biggest importers of Russian energy MRPL buys 1 million barrels of Russian Urals crude for May loading OVL putting alternative channel in place after traders shun its Russian offering Some Indian refiners set to cut May Saudi oil, snap up Russian barrels Two Indian state-run refiners to buy Russian oil from Sakhalin-1 project Russia offers discounts on oil to India, one of Putin’s few fuel buyers CERAWEEK-U.S. energy secretary urges companies to boost oil, gas output Iraq maintaining its position in Indian market despite rise in Russian oil imports – SOMO head India’s February oil imports surge as refiners boost runs to meet demand