Highlights High flat crude prices to create inflationary pressure: Platts Analytics Search for answers if SWIFT would work for legitimate Russian oil trades SPR crude an option if global prices remain elevated for a longer period India’s minimal dependence on Russian crude means that the South Asian oil buyer can weather any potential supply disruption from Russia, but surging oil prices are starting to put a huge amount of upward pressure on import bills and inflation. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now However, analysts said Indian buyers are increasingly becoming cautious about shipment logistics and delays of cargoes from the Black Sea region, which may prompt them to temporarily look for replacement cargoes from the Middle East. “The effect on India will not be significant from a crude sourcing perspective since the share of Russian crudes is quite small in the […]