A US Official tells Fox Business that Indian refiners have reportedly bought about 60 million barrels of Russian oil for April delivery
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A US Official tells Fox Business that Indian refiners have reportedly bought about 60 million barrels of Russian oil for April delivery
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On the Newsquawk feed at , 20 minutes before this page.
Context
The news of Indian refiners purchasing a substantial amount of Russian oil signals a potential shift in energy sourcing amidst ongoing geopolitical tensions. This move could influence global oil supplies and prices, raising implications for the USD and affecting commodity currencies as markets digest the geopolitical dynamics.
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