On crude oil: I expect a muted impact on US crude prices as China’s imports of oil has plunged over the last year 46% due to less demand (higher EV usage, weaker manufacturing-China demand from all countries slipped 7.2%) and other BIG reason is that they are getting cheaper barrels from Russia and Iran. China oil imports from the US are around 26.6K bp…
Thoughts on China Reciprocal Tariffs on US Energy
China imposed a 15% tax on coal and liquefied natural gas and a 10% tax on crude oil as a retaliation to Trump's tariffs
