MNI Commodity Weekly: India Eager to Resolve Russian Supply

Executive Summary:

• India Eager to Resolve Russian Supply Issues: Questions remain over the impact of sanctions measures on Indian access to Russian oil. Although mainly focused on Sokol flows to China, Indian buyers appear eager to insulate against the potential impact - yet to fully emerge.
• Oil Markets: Front month Brent has eased back from a high of $77.29/bbl as heightened geopolitical tensions are set against oversupply risks as the market weighs the impact of US tariffs and risks of sanctions tightening supplies. Diesel cracks have risen to the highest since mid-January ahead of the upcoming maintenance season.
• Analyst Views: See oil market views by biggest names in industry.

Full piece here:

MNI Commodity Weekly - India Eager to Resolve Russian Supply Issues.pdf