Oil Markets Spotlight shifts to Asia as EU ban on Russian crude comes into force
With the European Union ban on Russian seaborne crude imports and the price cap of $60 a barrel taking effect, the spotlight is now on China and India as the market tries to assess to what extent top Asian buyers can absorb the additional displaced barrels from Europe.
In this podcast, Sambit Mohanty, Asia Energy Editor, discusses with Calvin Lee, Asia head of content, Alice Niu, China head of content and Pulkit Agarwal, India head of content, the implications of the $60/b price cap for Asian buyers, the impact of the decision of OPEC and its allies to keep their policy unchanged, and China's oil consumption outlook amid easing of pandemic-related restrictions.
Related infographic: G7 price cap hangs over Russian oil flows
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