Impact of 25 % tax on US oil by China on oil prices

[S K Sharma 0]

China is one of the largest importer of oil. Imposition of 25 % tax by it on oil imports from US will create a ripple in the world oil market

[Bhimsen Pachawry + 72]

1 hour ago, S K Sharma said:

China is one of the largest importer of oil. Imposition of 25 % tax by it on oil imports from US will create a ripple in the world oil market

It is just rearrangement of the cupboard. USA will sell oil to Korea, Japan, Taiwan, Vietnam, Australia, Brazil etc if China does not take USA oil. Oil and NGL have demand everywhere