The analyst questioned the possibility of replacing Russian oil in India

India's abandonment of Russian oil in favor of supplies from North and South America currently seems unlikely. This is the opinion of a leading analyst at the National Energy Security Fund (NWF). Igor Yushkov spoke on Thursday, October 30.

"Yes, there may be talks about replacing Russian oil, but this is more likely the desire of the United States. Even technically, it's difficult.: The United States exports ultralight oil, which is essentially gas condensate. But there is no shale oil, so even the grades here are not suitable," Yushkov said in a conversation with Lenta.Ru .

The analyst explained: in order to send their oil to India, the United States and other suppliers will have to withdraw the necessary volumes from other markets, which will create an imbalance.

According to the expert, this may also force countries to switch to Russian oil, since no one will be able to simultaneously increase production in such a way as to compensate for the falling volumes. In such a situation, Russia, on the contrary, will have to reduce production for some time, since there will be nowhere to sell oil.

"And then there will be a shortage on the world market, prices will skyrocket. And no one needs this, including the United States," Yushkov concluded.

Delivery played: India has made a decision on Russian oil

Fuel purchases from the Russian Federation are an issue of energy security for 1.4 billion residents of the republic, the ambassador said.

Earlier in the day, Bloomberg reported that in preparation for limiting oil supplies from Russia, India's largest state-owned oil refiner Indian Oil began searching for leaking barrels in North and South America. The company is waiting until Friday, October 31, for offers from suppliers from the USA, Canada, Brazil and several other countries in the region.

On October 28, Bloomberg wrote that state-owned oil refineries India is looking for an opportunity to continue buying some of the Russian oil at a discount, relying on small suppliers instead of energy giants from the US blacklist, RT reports.

On October 22, the US Treasury Department announced that the United States was imposing sanctions against Russian oil companies Rosneft and Lukoil. It was clarified that these companies are included in the sanctions list for activities in the energy sector of the Russian Federation.

On the same day, Russian Foreign Ministry spokeswoman Maria Zakharova said that Moscow considers the new US restrictive measures against Russian oil companies to be counterproductive.

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