27 August 2025: 09:30 BST
50% tariff time! India has been frugal with its oil purchases, going for cheap Russian stuff. Unfortunately, that’s come back to bite them, as Trump imposes 50% tariffs as a punishment for being so naughty. OMG, being independent and doing what is right for one’s nation is a sin that must be punished with the tariff stick! But nobody tell the US about buying nuclear fuel pellets from Russia! Shh, shh, he knows but does not want to be embarrassed. India has been running hot and cold trying to send make peace offerings but bottom line they are independent and as Modi says, “No matter how high the pressure, India will continue to build its strength to withstand it.”
In ‘The Officials’, Onyx Capital Advisory publishes outright values, spreads, cracks and boxes for the main energy commodities traded in the marketplace. The published values are determined independently and on a fair market basis by our team of dedicated professionals.
We invite you to read our reports, which will initially be published twice a day, reflecting closing values at 16:30 Singapore time (SGT) and at 16:30 London time (GMT/BST). For any comments, please reach out to us through the emails provided in the signed documents.
