... of which is owned by Rosneft), which operates a refinery, are seen as a potentially risky move by industry experts. Ekaterina Kosareva, managing partner at VMT Consulting, reminded that Russia currently exports about 4 million barrels per day, with China and India nearly dividing these volumes evenly. "I wouldn't rule out that Delhi might react sooner or later. Even if we don't see it at the diplomatic level, European consumers will feel the impact. Fuel prices at gas stations are likely to ...

... sensationalized the news that India has doubled its imports of American oil in exchange for Russian supplies. However, experts believe that U.S. oil cannot become a serious competitor to Russian oil in the Indian market, and here's why. India, alongside China, is one of the largest buyers of Russian oil and has indeed doubled its purchases of American crude. From January to April, daily imports rose to 247,000 barrels, nearly double the level of the same period last year, where daily purchases were 124,...

... transactions have become complicated, and currency often remains abroad. “Now, Russian companies can avoid buying foreign currency in Russia as it will already be overseas. This could be more convenient, especially considering the deteriorating trade with China and other countries. Chinese companies are sometimes reluctant to receive payments from Russia, but they would be receiving payments from European energy companies, which is not prohibited. At the same time, the demand for foreign currency from ...

... challenges. European exporters might find U.S. markets more attractive as American consumers’ purchasing power declines. Conversely, European economies with strong dollar reserves could see reduced asset value, pushing them to diversify their holdings. China, as one of the largest holders of U.S. debt, could also shift its policy if the dollar weakens, potentially triggering broader financial adjustments in global markets. The situation might stimulate demand for alternative currencies like the euro,...

... with speculative trades, apparently, served as a trigger for mass sell-offs," says Dudchenko. "Oils prices have decreased due to several reasons, including concerns about a recession in the U.S. and reduced demand for energy resources in China, as well as a relative temporary lull in the Middle East," says Alexander Shepelev, a stock market expert at BCS World of Investments. "The recovery growth in demand has exhausted itself, coinciding with OPEC+'s plans for gradual production ...