Indian state-run refiners Indian Oil and Bharat Petroleum have resumed the purchase of Russian flagship grade Urals for September delivery as discounts widened to about $3 per barrel and as China raised purchases,

Indian state refiners have started making enquiries with trading firms about purchases of Russia's Urals crude oil as discounts widen, three people with knowledge of the matter said on Thursday, ahead of a high-profile meeting of U.

Oil refiners in China have stepped up purchases of Russia’s flagship crude, seizing an opportunity to take discounted cargoes relinquished by India as Washington ramps up trade tariffs against New Delhi.