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Texas Crude Exports Might Have To Go Elsewhere In Light Of China’s New 5% TariffAugust 26, 2019
The US-China trade war is also affecting the energy market. West Texas Intermediate Crude futures fell last week after China retaliated, slapping its own tariffs on American goods. Matt Smith, director of commodity research at ClipperData, says this tit-for-tat dynamic puts U.S. oil exports in a precarious position.
Mainland ID card as a “meat ticket”August 25, 2019
Due to the impact of African Swine Fever, the number of live pigs in mainland China has dropped sharply, and pork prices have skyrocketed. Due to the severe shortage of pork, some regions have begun to issue documents, restrict purchases of pork, and even rely on ID cards. Buy meat. The outside world said that it seems that China has returned to the era of "food stamps" and "meat tickets" in the planned economy. Even basic household items must be purchased by ticket.
Oil drops, sending U.S. prices down by more than 1% for the weekAugust 23, 2019
Oil dropped on Friday, prompting a weekly loss of more than 1% for the U.S. benchmark, after China announced it would impose retaliatory tariffs on $75 billion worth of imports from the U.S., including a levy on crude, amplifying concerns about the global economy and demand prospects.
China to hit $75bn of US goods with additional tariffsAugust 23, 2019
China has announced it will apply additional tariffs of between 5 and 10 per cent on $75bn of US imports from September, marking the latest escalation in an increasingly bitter trade war between the world’s two largest economies.
West African oil hits sweet spot as shipping upgrades to cleaner fuelAugust 22, 2019
African states like Chad and Cameroon are shaping up to be big winners from new rules to cut sulfur emissions from ships, providing just the right type of oil to produce cleaner fuels.
Trade war impasse casts a ‘dark cloud’ over outlook for US oil shipments, analysts warnAugust 19, 2019
China, the world’s largest oil buyer, was one of the leading destinations of U.S. crude throughout the first half of last year — in what had been a mutually beneficial energy relationship with the U.S., the world’s biggest crude producer. However, Beijing’s U.S. crude imports plummeted almost immediately after the trade war talk started, with flows completely drying up at the turn of the year as the situation deteriorated.
How Trump’s trade war could could crush oil pricesAugust 15, 2019
The deepening trade war between the United States and China could deal a double shock to the fragile oil market.
US ports battle trade war impactAugust 15, 2019
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 USAugust 15, 2019
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 buildAugust 15, 2019
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.