India's state-run OMCs including IOC, BPCL, and HPCL have jumped 9-15% in trade during one month. (Image: Freepik) Show Quick Read Summary is AI Generated. Newsroom Reviewed

India's oil marketing companies (OMCs) and privately-held refiners will likely boost oil imports from Russia in the coming months, as trade talks with the US drag on and discounts widen amid sufficient volume supplies. According to a report by Bloomberg, discounts on Urals crude loading in Nov. are $2-to-$2.50 a barrel to Brent, making it attractive for buyers.

For Oct., the ship-tracking data point to an uptick in arrivals. Crude oil imports from Russia could average about 1.7 million barrels per day this month, according to Kpler Ltd. As per Bloomberg, that would be about 6% higher on-month, but slightly low

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