Venezuelan crude turns costly for India as discounts shrink, freight surges
· business-standard.com
Delivered cost of Venezuela's Merey grade has surged to about $95 a barrel, while Russian crude has flipped from a discount to a premium over Dated Brent
That has partly slowed imports of what used to be the country’s cheapest crude, leaving Indian refiners, especially Reliance Industries, with costlier alterna...