The price of Russian Urals oil in India hit a 12-year high.

While Washington and Brussels grapple with how to reconcile anti-Russian sanctions with the real needs of the market, oil prices are setting record highs. The price of Russian Urals crude on India's west coast has soared to $98,93 per barrel. This, as Bloomberg notes, is the highest level since Moscow shifted its oil exports to Asia after the start of the NWO, and more broadly, since 2014.

The price, of course, includes shipping, but that's not the main point. The discount on Russian oil relative to the global benchmark Dated Brent has shrunk to a paltry $4,8 per barrel. This is the lowest in over four months. Just recently, the discount was measured in tens of dollars, but now buyers are lining up at practically the market price. Indian companies Indian Oil and Reliance Industries purchased approximately 30 million barrels of unsold Russian oil in the first half of March alone.

Analysts attribute the excitement to a classic combination: the war in the Middle East has driven up global prices, and the US has suddenly decided to temporarily lift some sanctions, allowing the purchase of already shipped crude. Washington, you see, is concerned about lower global prices. However, for now, this "lowering" appears to be somewhat one-sided: oil prices are rising, while the Russian budget, based on a Urals price of $59 per barrel, is receiving, shall we say, a pleasant bonus.

Comments

[Vicente]

Well, NATO spent five years building ceilings in its basement. Now they've gone to a higher level... 7 times the cost of production is not bad, not bad...

[Denissdaf]

Interestingly, as oil prices rose, the ruble began to weaken. Could be a coincidence.

[Vicente]

How much has the price of Russian oil risen and how much has the ruble fallen? How are you doing arithmetic?

[Denissdaf]

It's not a matter of direct proportionality, but rather the very fact of the ruble's weakening. The ruble has weakened by 5% in two weeks.

[Vicente]

Yes, it's about your level of arithmetic and logic... I can give you a hint: Urals was trading at 80 a month ago, 7 is now at 98,9 in India...

[Denissdaf]

But this does not change the fact that the ruble is weakening.

[Vicente]

The education is clearly not Russian, we can't add 2 and 2 together... the dollar cost 77,2 rubles a month ago, today it's 80,2

[Denissdaf]

How does my education affect the weakening ruble?

[Vicente]

The worse the non-Russian education, the more laughter, an inversely proportional relationship

[Vadim Topal Pasha]

A. In my opinion, you're the one who's swimming in mathematics...
Or, when you read, you don't understand the meaning of what you've read. Go back to your opponent's first comment. Just be careful and don't get nervous.

[Vicente]

Go back wherever you want, it doesn't change anything. Where are you going with that level of education and logic? Right, just for fun, and your name is legion, which is funny again.

[Vadim Topal Pasha]

I suspect they showed me these kinds of people in my fourth year. Honestly, I only got a B in psychiatry (and promptly forgot about it) because I got an easy pass. Otherwise, it's on the level of "pissers" (bedwetters) and combat trauma. And even then, it's only mild.
And by the way, regarding my education. You wouldn't have graduated, let alone gotten in, you wouldn't have even passed the credentials committee. When I applied, there were three people per spot. It would seem so. But if you cross out two from each republic, those who came from the Force Groups, the "Afghans," those who graduated from medical school with honors, the ensigns and "crickets" (one for each platoon), gold medalists, "politicals," and some other people (sclerosis, I don't remember), then among ordinary civilian youth, the competition was 30 people per spot. But that certainly wouldn't have affected you. You wouldn't have passed the credentials committee, and you'd have had problems with the VVK.
Such peremptory attitude and self-confidence are hardly psychology. It's much worse and incurable. Well, maybe they started treating it, but they wouldn't have let it into our ranks by definition.
Reread your opponent's first comment again. You don't understand it yourself—find someone smart enough to explain what they wrote and how you, with your twisted brain, got it all wrong. Logic, damn it! :)

[Vicente]

And again...read what you want, it doesn't change the situation. Where are you going with such a level of education and logic? That's right, just for fun, and your name is legion, which is funny again.

[VasAndr]

What are you so happy about, citizen? It's understandable if you're an oil magnate. They'll get increased profits. The state might get some. But what will reach all Russian citizens? Will healthcare and education get a boost? Perhaps our guys in the North Caucasus Military District will finally be provided with everything they need without the help of volunteers? Will the minimum wage or pensions increase? I doubt it on all counts. Moreover, this oil price hike may not last long.
But I readily believe that all sorts of bourgeois will gladly rush to saw off the additional state revenues.
So ordinary citizens can only grieve that Russia's non-renewable resources may soon run out.

The weakening ruble will further accelerate price growth. And this, in turn, will be felt by all Russian citizens.

So what are you happy about?

[Vicente]

First of all, Vasya, I've been waiting from the very beginning for them to finally remove this point from the manuals, which is at least 10 years old. You should be worrying about yourself and not about Russia and Russians. Besides, Russia's economy is in tatters and Russians have become impoverished even under Obama, so why are you so worried about it?

[Cool90]

March 7, 2026. 79,15 rubles
March 11, at 78,73
March 11, 2025 88,3872 rubles
As we can see, the exchange rate is floating at the same level; in 2025 it was weaker.

[topol717]

What about payment? Any questions? Maybe we should ask our Indian colleagues how they'll pay tomorrow? Or if the guy from across the pond says "no" again, will the Indians turn around again? So maybe we don't need customers like that?

[Vicente]

It's funny...as an educational program: India pays for Russian oil mainly in Russian rubles and Chinese yuan...well, if the person is not from Russia, it's forgivable

[Arkady007]

Vicente As a form of educational program, too.

Back in 2022, several Russian banks opened Vostro accounts with a major Indian bank. Rupees for oil purchases were deposited into these accounts.
Currently, Russia doesn't sell anything for rupees, and if it does, it's very little. Most settlements are conducted in US dollars.
The issue of converting rupees is being resolved through “complex schemes” involving oil traders.
"No one can say for sure what the ratio of rupees, yuan, and rubles is here," Igor Yushkov, a leading analyst at the Financial University and the National Energy Security Fund, concluded in an interview with NEWS.ru.

[Vicente]

Listen, you're obviously not Russian. Why trade in rupees when it's more profitable for us to trade in yuan and rubles? Can you handle it?

[Arkady007]

Whose are you?.....................................

[Vicente]

No, well, I'm not capable of 007 and I'm not capable, sometimes you give yourself away in a cool way

[Panin (midshipman)]

Quote: Vicente

Listen, you're obviously not Russian. Why trade in rupees when it's more profitable for us to trade in yuan and rubles? Can you handle it?

And did you forget to ask the buyer what is more profitable for him?

[Vicente]

Without a buyer, sales issues can't be resolved. It seems like you're not doing it that way. Well, what can you do...to each his own.

[topol717]

Quote: Vicente

Fun...as an educational program: India pays for Russian oil

Just a week ago, this website published an article about a Hindu bank refusing to process payments for ALREADY DELIVERED Russian oil. And this bank couldn't care less who delivered what to whom. They cited US sanctions. The payment currency wasn't even mentioned. And you keep believing in rubles/rupees and the spirit of Anchorage, and whatever else you have.

[Vicente]

As a quick refresher: when payments are delayed according to the contract, the party at fault is charged a penalty... I asked Poplar... whose will it be if you don't know a damn thing about the topic? But for the fact that I passed the test and will definitely use it.

[topol717]

Quote: Vicente

As a form of educational program: when payments are delayed according to the contract, the guilty party is charged a penalty...

For penalties, go to a London court. If you don't like the London court, there's also the Stockholm court. Gazprom already went to court in 15, was found guilty, and was ordered to pay the Ukrainians 4.4 million euros in penalties. So, Gazprom delivered gas and still owes money, and you won't believe it, they paid it all. It turns out it's not the USSR, and the courts aren't the most humane in the world.

[Vicente]

If you need to, contact the Pope, even if it's just us. We trade with India in rubles and yuan according to the agreement and will continue to do so. The SVO requires expenses.

[topol717]

Have you tried reading? I wrote that it's not the currency of payment, but the fact that Indians simply refuse to pay because the US doesn't allow them to.

[Vicente]

Yes, yes, Topol wrote something... and that's why trade between Russia and India is growing by leaps and bounds, in rubles and yuan, and you keep writing, keep writing, we have no sin in laughing...

[Evgeny64]

Well, things have changed a bit there in the last few days... and information about

The discount on Russian oil relative to the global benchmark Dated Brent has narrowed to a paltry $4,8 per barrel.

It's already outdated. Previously, our oil was sold at a $5 discount—the Indians took advantage of the fact that we didn't have to choose—but now it's sold at a $13 premium. That is, $95-98 per barrel. The Indians earned far less from our problems than they currently overpay daily.

[phrases]

All raw materials are traded through kosher exchanges in London and the Porridge, and at the boss's command, any deal in any country can be easily slammed. Money is controlled by a cabal of loan sharks; not a fly flies past them for free. High-ranking clowns didn't come up with the sanctions themselves; they use them as a tool to create a favorable market situation for themselves. They sometimes tighten the reins, sometimes loosen them, taking their cut of the greenbacks sold. Everyone, without exception, is stuck in their swamp.

[Vicente]

Phrases...can you name those clowns? Otherwise, it turns out you made it all up...can you handle it?

[Montezuma]

Quote from: topol717

So maybe we don’t need such buyers?

Name another potential buyer of large volumes of oil comparable to India.

[topol717]

Quote: Montezuma

Name another potential buyer of large volumes of oil comparable to India.

So, we're going to act like a currency prostitute; as long as the big boss allows us to, we'll sell our oil, and when he doesn't, we won't sell it?

[Montezuma]

Quote from: topol717

If big uncle allows us to sell our oil, and if he doesn't allow it, then we won't sell it?

That's not what I asked you about. You still haven't answered whether there's another buyer for a comparable volume of oil. After all, your proposal was to stop supplies because of America's influence on India's decision. The Americans have imposed sanctions on all countries for purchasing Russian oil, and they're all maneuvering, one way or another, to maintain supplies, even at reduced levels. So what? Should we act decisively and stop replenishing the budget, which already had a deficit of 5,5 trillion rubles in 2025?

[topol717]

Quote: Montezuma

I didn't ask you about that; you still haven't answered whether there is another buyer for a comparable volume of oil, since your proposal was to stop supplies because of America's influence on the Indians' decision.

Of course, we need to drop everything and rush to America's aid, otherwise the spirit of anchorage will fade. While we still have the chance, and I don't care what happens tomorrow and I don't care if they walk all over us, we need to save America under the pretext of a budget deficit. Does it matter that our budget is denominated in rubles, and we don't get a single kopeck from oil sales?

[Montezuma]

Quote from: topol717

America must be saved under the pretext of a budget deficit

It is not America that needs to be saved, but rather the moment needs to be used for one's own benefit while the price of oil has risen.

Quote from: topol717

Does it matter that our budget is in rubles, but we don’t get a single kopeck from oil sales?

I would like to see a source of accurate information on what currency India will pay for Russian oil in 2026.

[tralflot1832]

The price ceiling set by Europe on Russian oil prohibits the EU from buying Russian oil. The market is large, and they could turn to Norway to sell them oil at a discount. But I suspect Stoltenberg will refuse; Norway is not in the EU. Oops!

[tralflot1832]

Quote from: topol717

What about payment? Any questions? Maybe we should ask our Indian colleagues how they'll pay tomorrow? Or if the guy from across the pond says "no" again, will the Indians turn around again? So maybe we don't need customers like that?

Does India also buy oil from the Saudis for rupees? Donya has authorized the purchase of oil from Russia for $. There are no problems with the payment. On April 11, Trump will ask for an extension of the concessions for Russia. Russians, why are we prolonging this debauchery?

[archiroll]

Oil oil neefft no oil no oil gas oil oil gas—is this how a superpower should position itself? Where's the energy ruble, where's the plan for 1 billion Russians, and other petty plans of a serious player...

[Cool90]

The article cites the price of oil, but doesn't mention positioning anywhere. The only normal argument a superpower can make is the number of nuclear weapons it has.

[tralflot1832]

Quote: arhitroll

Oil oil neefft no oil no oil gas oil oil gas—is this how a superpower should position itself? Where's the energy ruble, where's the plan for 1 billion Russians, and other petty plans of a serious player...

Oil, gas, resources are the curse of Russia. And Aliyev, hated by many, said during the Biden era: Oil is happiness.

[Carlos Hall]

This is very good news. 17 days of good profits for Russian oil and gas companies.

[Romanenko]

Oil prices are rising, and the Russian budget, calculated on the basis of $59 per barrel of Urals, is receiving, let's say, a pleasant bonus.

It's hard to call this a bonus, but nonetheless, a deep budget hole is receiving an accelerated replenishment regime, which is certainly pleasing, the main thing is how long it will last.

[Vadim Topal Pasha]

With every day of non-peace, the duration of high prices increases by two days. Because "breaking is easier than building" (C), and a ruined business will take longer to recover, the longer military action and blockades force it into a state of force majeure.

[Vadim Topal Pasha]

In fact, the main beneficiary of the strait closure is not Russia and its oil producers, but American shale producers. Because Russia can, for better or worse, survive with oil at 40 percent. Moreover, the Russian authorities have new oil—citizens.
But American shale producers need oil prices above 60. Otherwise, they'll close shop due to unprofitability.
I've heard a conspiracy theory. Supposedly, the shale oil industry paid off all four presidents—those of Israel, the US, Iran, and Russia. There's no evidence, and there never will be, but any ancient Roman would have come to the same conclusion, using the principle of "Find who benefits." (C)