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Trump signed a bill authorizing tariffs of up to 100% on Russian energy importers; Russia's seaborne crude oil export revenues rose to a three-month high in September.
U.S. President Donald Trump has signed a bill authorizing tariffs of up to 100% on Russia's top five energy importers. Indian buyers, the largest purchasers of Russian seaborne crude, are already wary and may cut imports by over 1 million barrels per day. Meanwhile, in the four weeks ending September 20, the total value of Russian seaborne crude exports rose to $2.1 billion per week, the highest since the week of June 14, primarily driven by rising global oil prices.
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