Norway's DNB Analysts Highlight Challenges for Russian Oil Amid India's Potential Import Halt

Norwegian bank DNB analysts have indicated that Russia may struggle to find buyers for its substantial oil supply if India ceases its purchases. According to Jin10, the United States has agreed to lower tariffs on Indian imports to 18% in exchange for India halting its procurement of Russian oil. This development raises questions about the future direction of these oil shipments. Data from Kpler shows that India's crude oil imports in December amounted to 1.36 million barrels per day.