Press

How Trump’s trade war could could crush oil prices

US ports battle trade war impact

The impact of the US-China trade war has been felt on the transpacific with trade falling between the two countries. But this has led to a shift in manufacturing from China to southeast Asia and boosted volumes between this region and the US.

Saudi Arabia is dramatically changing its oil exports to China and the US

Saudi Arabia’s crude shipments to China have doubled in the span of a year. During the same period, its oil exports to the U.S. have dropped by nearly two-thirds.

Oil drops 3% on weak global economic data, U.S. crude stocks build

Oil prices shed 3% on Wednesday after fresh Chinese and European economic revived global demand fears and U.S. crude inventories rose unexpectedly for the second week in a row.

TD Ameritrade: Futures 8/15/19

ClipperData's Director of Commodity Research, Matt Smith, talks with TD Ameritrade about crude oil falling below $55.

What An Above-Average Hurricane Season Could Mean For Energy Prices And Production

With El Niño ending, NOAA predicts more storms this year, which means more uncertainty for the energy industry, and consumer prices, too.

UPDATE 1-U.S. crude stockpiles rise unexpectedly as imports soar – EIA

U.S. crude oil stockpiles rose last week after nearly two months of declines as imports jumped to their highest since January, while gasoline and distillate inventories also grew as refiners ramped up production to their highest rate this year so far, the Energy Information Administration said on Wednesday.

The Trade War Reaches A New Intensity

Grain markets are mostly in the green as they rebound from trade war volleys tossed between Washington and Beijing over the past week.

US oil is likely to be China’s next target as trade war rages, energy analysts warn

The tit-for-tat tariff dispute between the U.S. and China has already sent oil prices plunging, in large part because of worries about a severe global economic slowdown and potentially even a U.S. recession.

Defying U.S. Sanctions, China and Others Take Oil From 12 Iranian Tankers

China and other countries are receiving oil shipments from a larger number of Iranian tankers than was previously known, defying sanctions imposed by the United States to choke off Tehran’s main source of income, an investigation by The New York Times has found.