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FXGT:印度继续进口俄油立场明确
Sou Hu Cai Jing·2025-08-04 14:59

Core Viewpoint - India continues to import crude oil from Russia despite U.S. tariff threats, highlighting the complexities of the global energy market influenced by geopolitical risks, trade policies, and supply-demand dynamics [1][3] Group 1: India's Energy Policy - India's energy policy is primarily influenced by the international oil market's supply conditions and the global economic environment, with energy security being a top priority [1] - The Indian Ministry of External Affairs emphasized the long-term stability of India-Russia relations, asserting that they should not be disrupted by third-party factors [1] Group 2: U.S. Tariff Threats - The U.S. President announced plans to impose a 25% tariff on Indian goods due to India's continued procurement of Russian crude oil, reflecting the interplay between energy trade and international politics [1] - This tariff threat arises amid heightened tensions between the U.S. and Russia, particularly in the context of the ongoing Ukraine ceasefire negotiations [1] Group 3: Changes in Oil Import Structure - India's crude oil import structure has significantly changed, with imports from Russia increasing from 68,000 barrels per day in early 2022 to a peak of 2.15 million barrels per day in May 2023 [1] - At one point, Russian supplies accounted for nearly 40% of India's crude oil imports, making Russia its largest supplier [1] - Given India's average daily crude oil consumption of approximately 5.5 million barrels, of which 88% is imported, this shift has a notable impact on the global crude oil trade landscape [1] Group 4: Economic Implications - The shift towards Russian oil has allowed India to reduce its import costs and alleviate energy price pressures domestically [3] - In the short term, this strategy may help stabilize India's energy supply and economic operations, but it could also lead to international trade friction and market volatility [3] - Global investors should monitor crude oil price trends influenced by geopolitical situations, tariff threats, and supply chain changes, as energy-related currencies and stock market sectors may be indirectly affected [3]