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Russian oil producersCNBC
•World
World
87% Informative
U.S. recently announced sanctions on Russian oil producers, along with vessels that have been shipping barrels of Russian crude.
India imports 88% of its oil needs, with around 40% of that figure coming from Moscow .
Analysts say India will be hit the hardest by the sanctions, more so than China which has also been snapping up cheap oil.
Iran made up 4% of the world's oil production in 2023 , according to an EIA report.
The Indian economy is "significantly vulnerable" to fluctuations in oil prices.
Every $ 10 per barrel rise in oil price could lead to a 0.4% increase in headline inflation.
VR Score
91
Informative language
91
Neutral language
59
Article tone
formal
Language
English
Language complexity
50
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
9
Source diversity
8
Affiliate links
no affiliate links
