Dubai Oil Benchmark Takes Center Stage As Russia India Abandon Europe Dominated Pricing

Last updated: June 9, 2025, 15:47

Dubai Oil Benchmark Takes Center Stage As Russia India Abandon Europe Dominated Pricing

Russia

Rosneft, a leading Russian oil producer, and Indian Oil Corp, a top Asian refiner, have agreed to move away from the Europe-dominated Brent benchmark and use

Russia's largest oil producer Rosneft and India's top refiner Indian Oil Corp agreed to use the Asia-focused Dubai oil price benchmark in their latest deal to deliver Russian

Russia's largest oil producer Rosneft and India's top refiner Indian Oil Corp agreed to use the Dubai oil price benchmark in their latest deal to deliver Russian oil to India

Russia

Russia's top oil producer, Rosneft, and India's leading refiner, Indian Oil Corp (IOC), have abandoned the Brent benchmark in favour of using the Asia-focused Dubai oil

Russia's largest oil producer Rosneft and India's top refiner Indian Oil Corp agreed to use the Asia-focused Dubai oil price benchmark in their latest deal to deliver

Russia shifts to Dubai benchmark in Indian oil deal: Report

Russia

India’s state-owned refiner Bharat Petroleum Corporation Limited (BPCL) is in advanced talks with Rosneft to buy nearly 44 million barrels of cheap Russian crude priced

Russia's largest oil producer Rosneft and India's top refiner Indian Oil Corp agreed to use the Asia-focused Dubai oil price benchmark in their latest deal to deliver

Russia shifts to Dubai benchmark in Indian oil deal: Sources

Russia, India switched from Brent to Dubai in oil trading

Russia shifts to Dubai benchmark in India oil deal - ZAWYA

Russia shifts to Dubai oil price benchmark in Indian oil deal: Report

Russia

Indian Refiner Could Buy Russian Crude Priced Off Dubai Benchmark

Russia-India Oil Deal: The decision by the two state-controlled companies to abandon the Europe-dominated Brent benchmark is part of a shift of Russia's oil sales towards

Russia to Use Dubai Benchmark in Indian Oil Deal