The Headlines – Trump sanctions a ‘crude’ shock! Russia oil shipments to India drop by 66%; experts expect ‘noticeable drop’ in near term

US sanctions on Russian oil giants Rosneft and Lukoil have significantly impacted India’s crude imports, with shipments plummeting by 66% in November. Refineries are now wary of US penalties, leading to reduced new orders and expedited existing ones. This shift forces Russian exporters to adopt more opaque shipping methods to navigate sanctions.

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