India shifts back to Middle Eastern crude amid US sanctions
pre-market1 source ↓written by the desknot a recommendation
- of Russian crude
- 48 million barrels
India is transitioning back to Middle Eastern crude as US sanctions disrupt Russian oil flows. The sanctions on firms like Rosneft and Lukoil create uncertainty for 48 million barrels of Russian crude at sea, affecting shipments to India and China. This shift indicates a significant adjustment in global oil supply dynamics. ⚡
Not investment advice. For informational purposes only.