Jamie Dimon warns US against punishing India over Russian oil
JPMorgan CEO Jamie Dimon cautioned that the United States should avoid punishing India and disrupting global oil markets while pressuring Russia over its war in Ukraine, citing refinery constraints on replacing Russian crude.
JPMorgan CEO Jamie Dimon stated in an interview that the United States should avoid punishing India or disrupting global oil markets as it seeks to pressure Russia to end the war in Ukraine.[1][2][3]
Dimon warned that Indian refiners cannot easily replace Russian crude because facilities are designed for specific oil grades and alternative supplies are limited. In some recent months, India has relied on Russia for more than half of its crude oil imports.[2]
Sources · 3 sources
- BL
Bloomberg@businessPost on X ·
India and global oil markets shouldn’t be punished as the US seeks to pressure Russia to end its war in Ukraine, Jamie Dimon said in an interview https://t.co/lYZWFQKRVu
Open source - *B
*Walter Bloomberg@DeItaonePost on X ·
DIMON WARNS AGAINST PUNISHING INDIA OVER RUSSIAN OIL JPMorgan CEO Jamie Dimon says the U.S. should avoid punishing India and global oil markets while pressuring Russia over Ukraine. Dimon warned that Indian refiners cannot easily replace Russian crude, as facilities are designed for specific oil grades and alternative supplies are limited. India has relied on Russia for more than half of its crude imports in some recent months.
Open source - UW
unusual_whales@unusual_whalesPost on X ·
JPMorgan CEO Jamie Dimon says the U.S. should avoid punishing India or disrupting global oil markets while increasing pressure on Russia over the war in Ukraine.
Open source