Russian Oil Price for India Eased, Russia Extends Export Cuts, US House Passes Bill to Sanction Iranian Oil, Fire at Russian Refinery

Russian oil price for India eased in September due to reduced purchases by Indian refiners. Russia agreed to extend voluntary cut of oil and oil product exports until the end of 2023 to maintain stability in the oil market. US House passed bill to harden sanctions on Iranian oil, but effectiveness is uncertain. Fire at Afipsky oil refinery in Russia near major port Novorossiisk extinguished after suspected drone attack.