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Russian Crude Oil Discounts Hit Year-High Amid US Sanctions Impact

Sources report steepest price cuts in a year as US sanctions curb purchases from India and China, affecting global energy trade flows.

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Terms & Concepts
  • US sanctions: Economic and trade restrictions imposed by the United States government to influence policy or penalize specific entities or nations.
  • crude oil discount: A reduction in the selling price of crude oil compared to benchmark prices, often due to market or geopolitical pressures.