Indian refiners have reduced their oil imports from Russia, citing that the discounts on cargoes were not attractive enough, according to statements made by India's Oil Minister Hardeep Singh Puri. This clarification comes amidst contrasting media reports, with Kommersant highlighting the price issue and Interfax emphasizing the absence of payment problems. Meanwhile, Russia has curtailed its crude oil production in December by the most since it began cuts in March 2023. The nation's output stood at 9.57 million barrels per day (B/D), despite the reduction being the largest since the cuts started. This information was corroborated by various sources and official data.
Russia Reduces December Crude Output by Most Since Cuts Started https://t.co/L7ALYDMsoH https://t.co/3rsYLRR1Jm
#Russia curbs its crude #oil output in December by the most since starting its cuts in early 2023, yet the nation still pumped more than its target, according to Bloomberg calculations based on official data. https://t.co/HGPBYZqjkx via @markets
#Russia Reduces December Crude Output by Most Since Cuts Started The nation pumped 9.57 million barrels a day, data show Russia has been cutting its crude production since March #oott https://t.co/g4OUtKLvkh
Russia curbs its crude oil output in December by the most since starting its cuts in early 2023 https://t.co/DZ9PqoBNHF
Russia curbs its crude oil output in December by the most since starting its cuts in early 2023 https://t.co/QbwC1ERSHm
RUSSIA PUMPED 9.57M B/D OF #CRUDE IN DECEMBER, DATA SHOW RUSSIA REDUCED DECEMBER CRUDE OUTPUT BY MOST SINCE CUTS STARTED #OIL #OOTT
🔴 RUSSIA HAS REDUCED IT'S DECEMBER CRUDE OUTPUT BY THE MOST SINCE THE CUTS STARTED.
🛢️ RUSSIA PUMPED 9.57M B/D OF CRUDE IN DEC, DATA SHOW 🛢️ RUSSIA REDUCED DECEMBER CRUDE OUTPUT BY MOST SINCE CUTS STARTED #oott
A lesson in headlines. Kommersant says, “Indian Cabinet of Ministers Reports Falling Oil Imports From Russia Due to Prices,” while Interfax accents the positive: “India Announces No Problems With Payments for Russian Oil” (the problem is just the price, you see). https://t.co/MguCscCS2X
#Indian refiners reduced oil imports from #Russia as discounts on cargoes weren’t attractive, according to Oil Minister #HardeepSinghPuri, who dismissed the notion flows dropped because of payment-related challenges. https://t.co/I2GWpf35fy