Indian imports of Russian oil could nearly halve following the White House order, Bloomberg reports citing sources

The latest White House order could significantly impact Indian imports of Russian oil, potentially halving them.

Newsquawk StaffPublished On the live feed at 4 more headlines followed before this page went public
Newsquawk headlinesUTC

Iranian Parliament Speaker says they discussed defence and security in a secret session

TotalEnergies (TTE FP) to provide 1GW of solar capacity for Google's (GOOGL) data centres in Texas for the next 15 years

Indian imports of Russian oil could nearly halve following the White House order, Bloomberg reports citing sources

Infineon (IFX GY) files to sell EUR-denominated 5 year, 8 year and 11 year notes

JIP co-Leader Yoshimura, confirmed with the LDP to carry on pursuing joint agreement

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Free. No signup, no card.
  • Within the order, it stated that India has committed to stop directly or indirectly importing Russian oil or import tariffs will be raised. 
Context

This development indicates a substantial escalation in sanctions and trade restrictions, influencing global oil supply dynamics and potentially affecting energy prices, including WTI and commodities more broadly. Traders should monitor the implications for energy markets and related currencies, particularly in relation to safe-havens like gold and the USD.

Related headlines

The whole workspace, free to try.

Try it free