MOSCOW, Feb 26 (Reuters) – Russia will aim to keep its Urals crude oil exports steady in March by boosting shipments to China as India, a key buyer, cuts purchases following a trade deal with the U.S.
Export options for seaborne Urals cargoes are set to narrow next month, with India expected to sharply reduce intake. Suppliers are turning to China, the world’s top crude importer, as Turkey – the third-largest Urals buyer – lacks the capacity to process more Russian barrels.
In the current market, Russia has two main choices: increase discounts or curb production. Both would add pressure
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