|Bid||114.30 x 0|
|Ask||114.50 x 0|
|Day's Range||111.90 - 115.60|
|52 Week Range||71.15 - 115.60|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||214.41|
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State-owned Rosneft allocated seven 100,000-tonne cargoes loading between May 15 and 31 to IOC, according to the traders. Flows of Urals crude to India have risen since Moscow's actions in Ukraine in February, according to Refinitiv Eikon data, as Western sanctions push Russian exports toward Asia. The European Union's executive proposed a Russian oil embargo on Wednesday as part of its sixth and harshest round of sanctions on Moscow over the Ukraine conflict, which Russia calls a "special military operation."
India's top refiner informed market participants that Das, Eugene Island, Thunder Horse and Urals crude were no longer on the list of grades under its latest tender, which closes on Tuesday, the sources said.
Indian private refiner Nayara Energy, part-owned by Russia's Rosneft, has purchased Russian oil after a gap of a year, buying about 1.8 million barrels of Urals from trader Trafigura, two trade sources said and Refinitiv data shows. Indian companies are snapping up Russian oil as it is available at a deep discount after some companies and countries shunned purchases from Moscow due to sanctions over its invasion of Ukraine.