Statistical information worth knowing [1]Top buyers of Russian oil since the war broke out in 2022–China about 50%– India 37% [2] In the case of LNG EU accounts for 49% China 24% – Japan 18% [3] Russian coal – China 37% India 19%
BL Editorial on 100% Tariff law –[1] US has advised Ukraine not to attack Russian refineries for fear of causing a shortage and hurting the world [2] So the US wants to squeeze Russian supplies but not by so much as to send crude prices spiralling over current level of around $100 a barrel–[3] Lastly the editorial suggests the Law will be due for review after 180 day and India can afford to wait it out–
