Urals freight rates to India accelerate in October amid high exports, tighter sanctions, sources say

Freight rates for shipping Urals crude from Russia’s western ports to India rose sharply in October, driven by strong export volumes and mounting sanctions pressure, industry sources told Reuters. U.S. President Donald Trump on Wednesday imposed further sanctions on Russia’s two largest oil producers, Lukoil and Rosneft. On the same day, the European Union approved …

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