CA Forecast Today Hourly Daily Morning 79 0 Afternoon 91 0 Evening 71 1. Indeed, Middle East oil producers were the natural alternative for European buyers, along with U.S, producers, as the buyers sought to replace Russian crude. 2019 For late-breaking news, join 24/7 Headline News on our Facebook. Get program schedule, playlists & listen live at. The Saudis and Iraqis are not entirely losing out because they are directing more supply to Europe,” Hari added. JPR provides NPR, regional news & music programs from the SOU campus in Ashland, OR. We’re the NPR and PBS member station for Northern California. In May, according to Bloomberg calculations, Russian oil sold for $19 less per barrel than Saudi crude, which narrowed in June to $13 per barrel. KQED provides public radio, television, and independent reporting on issues that matter to the Bay Area.
“Indian refiners are going to try and get their hands on the cheapest crude possible that works with their refinery and product configurations,” Bloomberg quoted oil market analyst Vandana Hari as saying. Now, thanks to the cheaper Russian crude, things look very different. 5 is Washingtons NPR station, featuring local news on education. Last year, Russia was far from the top suppliers of the subcontinent: it ranked ninth. Listen to music, news, sports, and talk programs from more than 60,000 broadcast. The change in oil sourcing has been particularly marked in India, which relies on imported crude for some 85 percent of its consumption.
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