Russian Oil Prices for India Ease, Russia Extends Voluntary Export Cut, US House Passes Bill to Sanction Iranian Oil, Fire at Russian Refinery

Russian oil price for India eases in September as Indian refiners reduce purchases due to high prices and maintenance outages. Russia agrees to continue voluntary cut of oil and oil product exports until year-end to strengthen measures taken by OPEC+ countries. US House passes bill to harden sanctions on Iranian oil, but effectiveness is uncertain. Fire at Afipsky oil refinery in Russia is believed to be a drone attack, causing a 40% drop in oil production.