EnergyAfter close
Energy politics impact Asia’s crude oil market amid sanctions
after close1 source ↓written by the desknot a recommendation
- India fell
- 1.19 million bpd
- in the prior
- 1.95 million bpd
- take effect
- 21 Nov
The ongoing Russia-Ukraine war has disrupted the Asian crude oil market, particularly following US sanctions on major Russian oil firms, Rosneft and Lukoil.
In the week ending 27 Oct, Russia's crude exports to India fell to 1.19 million bpd, down from 1.95 million bpd in the prior weeks. This decline raises concerns for Asian buyers as sanctions take effect on 21 Nov.
Not investment advice. For informational purposes only.