Why India is in the crocheer of Trump when crude is not approved
On August 26, 2021, during the media tour of the Dhamma Village in India, West, the technician stands in the neighborhood of oil rigs made in Megha Engineering and Infrastructure Limited (ONGC) plant.
Amit Dave | Rooters
US President Donald Trump raised further pressure on India by 50 percent on Wednesday – but urging India to stop buying Russian oil immediately could increase global crude prices, industry sources said.
Trump has accused India of being “fuel” for Russia’s war machine and the country is “Live or indirectly importing the Russian Federation oil. “As a result, the United States imposed a An additional 25% rate In India, the total fee against the US major trade partner was raised by 50%.
Once India was Enhanced The United States traded under pricing cap to limit Russian crude and to limit the ability to make profit from Moscow’s sales, unlike LNG, but Moscow sales. According to KPLR data, India is one of the largest buyers of Russian oil, in which the total Russian crude exports are seen in the daily amount of 35.3535 million barrels, out of which India takes about 5.7 million and China 5.7 million.
In New Delhi, Rapiden Energy Group President Bob McNalli and former President of the White House George W. Bush’s former adviser Bob McNanley told CNBC.
“After the Ukraine attacks, who went to India and begged them to take Russian oil, the Indians imported any Russian oil and they begged India, ‘Please take oil,’ so they will remain low and they have done it.
Sources in the Indian petroleum sector industry told CNBC that the country has followed all international sanctions and India is “adapting to the global economy” by buying Russian oil, which stabilizes prices. The sensitivity of this case did not want to identify the source.
India has argued that if the Russian barrels are expelled from the market, then a plan must be prepared to stabilize the energy market with contingency to fill the supply of supply.
“If India decides to reduce Russian oil imports, refineries will try to find alternative barrels from the Middle East because they depend on the barrel till the other. Other buyers will probably not enter,” CNBC’s CNBC’s CNBC’s Commodity Analyst Jiovani Stanovo told CNBC.
Russia is the third largest world crude producer after the US and Saudi Arabia. Moscow produces about 11 million barrels of oil per day, according to US Energy Department Administration?? India’s Russian crude oil imports were 38% and currently 36% in 2025, between 2 and 224. Total Indian crude imports are increasing with increasing demand every year, and as a result, Russian crude imports in 2025 are still their strongest annual speed.
If the supply is to be removed from the market, the prices of the Indian petroleum sector industry will increase the prices. “If India is going to stop the purchase of Russian crude oil today, global crude prices can rise to all global consumers to $ 5 per barrel,” sources in an industry said to CNBC.
“In the closest period, the risk of pop at Brent’s prices is $ 80 or greater,” McNalli told CNBC that the signal The impact of the additional rates and the potential reduction on the import of Russian oil will be less catastrophic.
U-Turn
The Indian petroleum sector industry source said, “When India did not want to buy something, they told us. When India was once buying Iranian crude, this was the situation, which is no longer buying New Delhi and now the maximum pressure campaign against the Islamic Republic has been approved.
Last month, Petroleum Minister of India Hardesing Puri told CNBC’s Dan Murphy, “The price of oil would have been banned by $ 130. Our friends in the United States, please buy Russian oil, but we were advised in comparison to the price.
Founder and President of SVB Energy International Sarah Vakhshouri told CNBC that the big duties announced by Trump are the “negotiation trick”, which aims to “reduce the export of oil in India and to reduce the export of oil from 1 to other goods”.
“India has always coordinated with the US oil policy with the approval of Iranian oil. At the same time, Trump administration, energy security, affordable ability and reliability are priorities.”
Since the attack on Ukraine of Moscow, the European Union has kept the Russian crude in comparison to the price. The cap of priced at $ 60 per barrel allows Russia to export crude, but at a lower price than the commodity. The purpose of limiting revenue from Moscow oil exports is to limit the country’s ability to finance the war in Ukraine. This policy was implemented by 7 nations in the hope of stabilizing Russian oil in the market.
Sources in Indian petroleum sector told CNBC that “Price Cap is a difference of $ 1 to 2” and insists that New Delhi does not buy Russian crude in a large discount per barrel.
Although the Russian LNG “is not completely under the secondary restriction of the United States, Europe is still buying gas from Russia via pipelines and LNG. Only some Russian LNG Export Terminals (eg Artic LNG2) are under the approval, but not all LNG exports,” Stanovo of UBS told CNBC.
In 2021, Russia was the largest supplier of petroleum to the European Union. After the block banned on the Russian crude imports, Moscow imports fell from 5% to 5% in 225. The European Union has imported 5 % of LNG from Russia, according to statistics of Eurostat’s first quarter of Eurostat.
Russia is a member of the OPEC Plus, which was established in favor of Saudi Arabia in 2016. This group works to stabilize oil prices, adjust the product based on the basic principles of the market and the trend of supply and demand. A few days ago a group of eight manufacturers moved a few days ago to increase production in September, helping to help the peace of the Russian supply and the peace of the Russian supply.
“OPEC+ Countries have free capacity to deal with supply, but Russian crude production/exports will be completely declining that the capacity is completely diminishing.
In the Russian Price CAP, the Russian government was allowed to live in the market for the purpose of reducing the income of the Russian oil and preventing the increase in oil prices, “said the decision in the US presidential election.
Now, after winning the election, Trump is a business. He told CNBC to hit India at an additional 25% rate on Wednesday that India was “not a good business partner.”
This means that the US relations with New Delhi, an important security and defense partner may be in danger. On Wednesday, India responded strongly to Trump’s remarks and said that it was “justified and unrealistic”.
Share this content:
Post Comment