US Oil Vanishing From Chinese Tariffs… Bloomberg

by Jim Colburn • Saturday, August 11, 2018

 By not including US oil in the tariff slate, the market remains competitive… Here is Bloomberg:
 “China’s original plan to target U.S. crude came at an inopportune time for the country’s buyers. Sinopec’s trading unit, Unipec, was embroiled in a dispute with Saudi Arabia, saying the producer’s prices were costly and cutting purchases just as it was boosting American imports. Two months on, refiners were faced with the risk of supply disruptions from Iran to Venezuela and paying more to take advantage of booming U.S. output.”

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