Possible scenario
Managed Partial Cuts
45% Chance
Indian refiners reduce spot purchases of Russian crude while keeping some term and already-booked cargoes moving. New Delhi uses the cuts to seek U.S. flexibility while avoiding a sudden shock to refinery margins and domestic fuel prices.
Initial impacts
- Oil prices Up
Secondary impacts
- Energy +0.3%
- Non-Energy Materials -0.2%
Portfolio impact
S&P 500-0.0%
Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.
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