Indian Refiners Brace For Supply Shock As US Sanctions Target Russian Oil Giants

India’s refiners are facing a sudden supply crisis following fresh US sanctions on Russia’s key crude exporters, Rosneft and Lukoil, which threaten to severely restrict oil flows to Asia’s third-largest economy.The move, aimed at tightening pressure on Moscow, could disrupt an estimated 3.1 million barrels per day of global crude trade, of which nearly one million barrels were flowing into
India’s refiners are facing a sudden supply crisis following fresh US sanctions on Russia’s key crude exporters, Rosneft and Lukoil, which threaten to severely restrict oil flows to Asia’s third-largest economy.The move, aimed at tightening pressure on Moscow, could disrupt an estimated 3.1 million barrels per day of global crude trade, of which nearly one million barrels were flowing into
Go to Source