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Bessent says he expects a rebalancing 'soon', where India buys less Russian oil

US Treasury Secretary Bessent

  • Soon we are going to see rebalancing where India buys less Russian oil
  • India is going to start rebalancing over next few weeks and months in favor of U.S. oil
  • Argentina’s leader will be coming to Oval Office next Tuesday
  • This is not a bailout for Argentina
  • Argentine peso is undervalued
  • Exchange Stabilization Fund will not lose money in assisting Argentina
  • Argentina is rich in minerals, committed to U.S. companies coming into that sector
  • Says he believes the Chinese will come back at the end of the season and buy soybeans
  • If it weren’t for shutdown, we would have announced support for farmers

more to come

This article was written by Eamonn Sheridan at investinglive.com.

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