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India left more exposed to Trump's 100% oil threat as China gets tariff breather

1 source · first seen 16:44 25 Sept · updated 16:44 25 Sept

The brief

Written from 1 report · check the source before you trade
  • India faces greater exposure to US tariff pressure over Russian oil as the US-China trade truce extends until January 10
  • Tariff pressure over Russian oil could affect Indian oil producers and refiners

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Russian oil5 todayUS tariffs8 todayChina26 todayDonald Trump38 todayTrade and tariffs30 todayOil and gas companies9 todayGeopolitics76 todayCrude oil66 today

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Part of a developing story6 updates over 3 days

India’s Russian oil imports and US tariff pressure

The extension of the US-China trade truce until January 10 raised concerns that India could face greater US tariff pressure over Russian oil. Replacing 1 million barrels per day of Russian crude could add up to $3.7 billion annually to India’s oil bill, while India was expected to maintain its position on national interest.

Sunday, 27 September

  1. Russian crude supplies enabled India to cushion against oil supply shocks caused by West Asian war: Deputy FM
  2. Russian crude cushioned India from oil shock, says Andrey Rudenko

Friday, 25 September

  1. India to hold firm on Russian oil as US-China truce extension puts it in the spotlight
  2. 2 sources
    Replacing 1 million bpd of Russian oil could cost India up to $3.7 billion annually
  3. Could China get a waiver under the US-Russia sanctions law while India faces tariff risk?
  4. You are here
    India left more exposed to Trump's 100% oil threat as China gets tariff breather

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1 report · earliest 16:44
Economic TimesIndia left more exposed to Trump's 100% oil threat as China gets tariff breather16:44