India’s Russian Oil Dilemma Threatens to Shake Global Markets
Market Intelligence Analysis
AI-PoweredIndia's potential suspension of Russian oil imports could disrupt global oil markets, posing a risk to economic growth, according to Moody's. This development follows a trade deal between India and the US. The immediate cessation of Russian oil imports is unlikely, but its impact on global markets should not be underestimated.
Market impact analysis based on bearish sentiment with 80% confidence.
Article Context
The immediate suspension of crude oil imports from Russia on the part of India would present a major disruption for global oil markets, Moody’s warned today, following the announcement of a trade deal between New Delhi and Washington. “Even though India has reduced its purchase of crude oil from Russia in recent months, it is unlikely to cease all purchases immediately which could be disruptive to India’s economic growth,” the ratings agency said in a note, as quoted by the Economic Times. President Donald Trump broke the…
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