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๐ฅ Cheap ๐ท๐บ Russian Oil?
Not Anymore, ๐บ๐ฆ Ukraine Drone Strikes Send Urals Crude Costs Soaring for India
๐จ ๐ฎ๐ณ Indiaโs 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 โcheap oilโ era may be slipping away.
โข๐ October discounts shrink to just $2โ$2.5/bbl, down from $3 in Sept
โข๐ข Freight costs explode: Baltic-to-India voyages now hit $7M, up from $5.5M
โข๐ฅ The strikes are choking supply routes and jacking up risk premiums
โ ๏ธ ๐ฎ๐ณ 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