India’s Russian Oil Dilemma Threatens to Shake Global Markets ...Middle East

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India’s Russian Oil Dilemma Threatens to Shake Global Markets
source : OILPRICE ( Middle East ) () 20
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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