HSBC Says New US Sanctions on Russia Could Impact Oil Supply
ReutersOct 24, 2025 10:43 AM
Oct 24 (Reuters) - HSBC:
SAYS THE NEW US SANCTIONS ON ROSNEFT AND LUKOIL − COUPLED WITH THE EU'S 18TH AND 19TH SANCTIONS PACKAGES − COULD LEAD TO NET SUPPLY LOSSES FROM RUSSIA OF SEVERAL HUNDRED THOUSAND BPD, THOUGH IT IS TOO EARLY TO QUANTIFY THEM
RETAINS $65 PER BARREL BRENT PRICE ASSUMPTION FROM FOURTH QUARTER OF 2025 ONWARDS AND SEE UPSIDE RISK TO SOME THIRD-PARTY ESTIMATES
EXPECTS RUSSIAN OIL IMPORTS FROM INDIA AND TÜRKIYE TO DECLINE MOST, WITH CHINA MORE RESILIENT
FORECAST A SURPLUS OF 2.4 MBD OF OIL IN 2026
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