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Russia is selling oil at discounted prices to India | All you need to know

Russia is offering a discount of $35 a barrel to price levels prior to the start of the Ukraine crisis in February, according to a Reuters report.

BBCNEWS BBC News October 25, 2021 13:20:00

for a litre of petrol is now nearly £1.a3, beating the previous record set in 2012. diesel prices remain a little below its all time high. analysts say its due in part to a doubling of the oil price since last year. joining me now is the rac s fuel spokesperson, simon williams. welcome to bbc news. why are prices so high right now? so high right now? hello, ben. it is a combination so high right now? hello, ben. it is a combination of so high right now? hello, ben. it is a combination of the so high right now? hello, ben. it is a combination of the fact so high right now? hello, ben. it is a combination of the fact that - so high right now? hello, ben. it is a combination of the fact that not l a combination of the fact that not least the price of oil, oil has doubled in the last 12 months and obviously it hit a low of about $13 early on in the pandemic. we are now “p early on in the pandemic. we are now up to $85 and fewer oil is also trading dodgers, so the true exchange r

Crude oil edges higher on Mideast tension, likely crude stocks drawdown

SINGAPORE: Oil prices edged higher on Tuesday on tensions in the Middle East after the Yemen-based Houthi movement said it fired missiles on Saudi oil sites and on an expected drawdown in crude oil inventory in the United States. Still, crude prices have remained rangebound in the past three weeks, as growing expectations of surging economic activity in the U.S. and China are balanced by the slow rate of vaccinations in Europe and anticipation of additional supply of oil from Iran in the coming months. Brent crude oil futures were up 9 cents, or 0.1%, at $63.37 a barrel by 0055 GMT while U.S. crude oil futures gained 11 cents, or 0.2%, to $59.81 a barrel.

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