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2025-09-15 23:26:50
Oil prices continued their upward trend in the US market amidst increasing risks of supply disruptions from Russia due to increased attacks on key Russian energy facilities in Ukraine, as well as President Trump's call for NATO to halt purchases of Russian oil. HSBC senior analyst Kim Fustier stated, "If India reduces its Russian oil imports, the surplus, estimated at 500,000 to 1 million barrels per day, could flow to Southeast Asia, Turkey, Africa, and other regions... The market would reach a new equilibrium through adjustments in trade flows and rising logistics costs. Only a permanent decline in Indian purchases of Russian oil, exceeding 1 million barrels per day, would ultimately lead to a net reduction in global crude oil supply."
