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Russian Oil Price for India Eased, Russia Extends Voluntary Export Cuts, US House Passes Bill to Harden Iranian Oil Sanctions, Fire at Russian Refinery
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Russian oil price for India eased in September as Indian refiners reduced purchases due to high prices and maintenance outages. Russia agreed to extend voluntary cut of oil and oil product exports until the end of 2023 to strengthen measures in maintaining oil market stability. US House passed bill to harden sanctions on Iranian oil, but its effectiveness is uncertain. Fire at Afipsky oil refinery near Novorossiisk, a major port, extinguished.
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How effective are sanctions on Iranian oil in reducing Iran's oil exports?
How might the easing of Russian oil price for India impact India's oil imports?
What are the potential consequences of Russia extending voluntary export cuts?
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