Energy Notes 9/04: Oil declines, India’s Renewable Energy Prowess
Amid intensifying rhetoric about a trade war, Brent crude futures dropped 3.39% to $60.69 per barrel, and U.S. West Texas Intermediate (WTI) crude futures fell 3.96% to $57.22 per barrel, both reaching their lowest levels since early 2021. The U.S. claims it has implemented a 104% tariff on Chinese imports after Beijing maintained its 34% retaliatory tariff on U.S. goods.