{
  "id": 12833838,
  "title": "India shuns costly Russian oil as MidEast flows heal",
  "url": "https://urgent.news/2026/10/08/india-shuns-costly-russian-oil-as-mideast-flows-heal",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-08T08:47:53.000Z",
  "source": {
    "name": "The Economic Times",
    "slug": "the-economic-times",
    "url": "https://economictimes.indiatimes.com/industry/energy/oil-gas/india-shuns-costly-russian-oil-as-middle-east-flows-recover/articleshow/134785054.cms"
  },
  "original_language": "en",
  "account": "Indian refiners are reducing purchases of Russian crude as competition from China drives up prices. The lower-cost Middle Eastern oil is now almost on par with Russian grades, prompting the shift. Urals crude, a key Russian export, is being sold at a $10+ premium compared to Dated Brent. Russia's share of India's crude imports fell to 35% in September from 56% in July. Tanker shipments have also declined to the lowest level since March 2022, averaging just 310,000 barrels a day. China's increasing demand for Russian crude further intensifies competition for Gulf barrels. Despite geopolitical tensions, Middle Eastern oil remains an attractive option for Indian refiners due to shorter shipments and lower costs.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Indian Express",
        "title": "Expert Explains | How Eastern Maritime Corridor can diversify India’s energy flows",
        "url": "https://urgent.news/2026/10/08/expert-explains-how-eastern-maritime-corridor-can-diversify-indias",
        "published": "2026-10-08T01:06:03.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}