Donald Trump’s sanctions on Russia’s oil majors are unlikely to prompt India and China to completely stop buying Russian crude, though short-term disruptions are expected according to an analysis by Kpler, a global real-time data and analytics provider. India and China may see crude inventory depletion and potential refinery operational adjustments in the upcoming weeks due to short-term reductions. However, given their combined Russian seaborne crude imports of 2.7-2.8 mbd, complete substitution remains improbable, particularly considering geopolitical factors, the Kpler analysis says. Also Read | Sign of oil trade disruption after Trump sanctions? Russian crude oil tanker headed for India takes a U-turn; now idling in Baltic Sea Last week the Donald Trump administration annou
Trump sanctions: Short-term disruption guaranteed, but will India & China completely stop buying Russian oil? Why it’s highly unlikely
The Times of India3 hrs ago
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