This report is taken from the CNBC newsletter of the CNBC’s “India” newsletter. Like what you see? You can subscribe Here.
A big story
If the children of the oil industry have children, the fruits of India have a lot of mouthpulsions – and the US tariff threats to Russian raw materials.
This week, US President Donald Trump hit New Delhi’s export 25%, To increase total obligations by 50%Refered India to buy Russian oil. The leader of the White House is in the CNBC interview: “They buy Russian oil, if they do not do it, then if they don’t do it, then … Then I don’t want to be happy.”
Regardless of Trump’s tones, the United States asks India to put pressure on Russia. “What do we see, these geopolitical trafficking are against oil bases.”
After all, Russian purchases of India are not allowed or new – New Delhi Previously liked the blessing of the white house To access crude shipping and insurance tools, the G7 is delivered at the same time and access to the purchase of Moscow to raw materials, avoiding global weavers.
When faced with international criticism, Indian officials have repeatedly protected their national interests several times.
“We buy all we can. Our Indian consumer is designed to customer, – said India Dan Merdhi, including friends in Ukraine, including our friends in the United States, including friends in the United States.
He said: “In fact, by buying from Russia, we have contributed to the global economic stability on the global economy (stabilization).
If India currently stops buying Russian raw materials, “Global Crude costs more than $ 200 for all global consumers,” said the Indian oil sector’s source in the Indian oil sector CNBC Emma Gram.
India, there is an oil importer of 3 oil, around the world, has the ability to recycle 5.2 million barrels per day – 1.24 million barrels per day, including its Jamnagar plant and the International Energy Agency is expected Accordingly, another 1 million barrels per day will be added to 2030.
These are several large numbers, so let’s lose the Nitti Grittey.
The refinery can replace the refinery as much as possible, gasoline, diesel, fuel oil, many Indian plants have been optimized for processing of raw materials (“sour”), for example, the nearest Persian Gulf … and Russia’s backs.
However, Russia’s acid raw is loaded with the remote ports in the Baltic and Black Seas, which is to buy a long-lasting arbitration in Ukraine.
India still released Russian acid – according to data and analytical providers, compared to 2021 in 2021, the average 100,000 barrels of 2021 were compared to 2021.
Traditional discounts traditionally reduced by Russia’s customs client’s customer base significantly reduced the supply of Moscow.
In addition, long-term barrels for the year, long-term barrels for the year, depending on the annual commodity, monthly sales prices, in Russian raw materials, usually leaving the room, delivery conditions and price.
“Operating, Indian refineries are especially designed to produce high-yield products, especially in complex forms from medium-sized acids, especially in complex objects of medium Christian,” Sumit Ritolia “reports to CNBC to process and model PPPC.
“It is not easy to replace Russian barrels – not logically, economically severe, economically difficult and geopolitac,” said these substitutes compressed the edges of the processing and compress the bottom line at the end.
This is a bad news in Mumbai, where there was a reserve bank of India effort Inflation, avoiding economic growth. Schwis in energy costs is that the Europeans suffered in the near future may turn to this mission after they left off-Russian deliveries.
But the inconvenience is impossible.
Two sources of two oils said in anonymously to CNBC.
The third trading source, when Russia’s discounts are attracted, when India and China rejected supply, chinese oil refiners can further absorb Russian consumer consumption, which will further reduce the flows to India.
“Raw materials in the Middle East, hence raw materials in the Middle East, and therefore, which are purchased in addition. “Taking into account the tariffs for US growth in US, US can see that the US will exceed the United States within the trade talks.”
In most of the US, because it is very strong, sulfur (“sweet”) varies. India said 285,000 barrels in the United States in January-July.
We want to see India’s bite and stopping Moscow’s raw materials and that Moscow has stopped buying raw materials, but even if it is secretly speaking about the sensitivity of negotiations, the set of eight members Industrial hiking in September Russian potential reports between many obsolete uncertainties in the oil market.
“Currently, the delivery risks exceed tariffs. US BCCs can be gradually overwhelmed. The United States seems to be self-fresh at one time.
