Expert Opinions Opinion
Russia’s five percent oil discount looks tempting on paper, but the numbers show why it cannot outweigh Donald Trump’s tariff barrage. Russia supplies about 1.5 million barrels per day to India — roughly 35 percent of our crude basket. At Brent levels of 66–70 dollars, the discount works out to 2.7–3.3 dollars per barrel. Multiply […]
International
U.S. President Donald Trump said he does not currently plan to impose retaliatory tariffs on countries like China for purchasing Russian oil, though he may revisit the issue in “two or three weeks.” The comment followed a summit with Russian President Vladimir Putin in Anchorage, Alaska, where Trump described the meeting as positive overall. While […]