China's oil sector sets low expectations for ice-breaking trade talks with US
4 Articles
4 Articles
China Snubs U.S. Crude for Third Month, Even as Ethane Trade Restarts
China has avoided buying U.S. crude oil for three straight months—the longest dry spell since 2018—delivering another hit to American shale producers already struggling with weak prices and rising global supply. According to new U.S. Census data released Thursday, China bought no American crude in May, following a similar freeze in March and April. The gap comes amid ongoing trade tensions between Washington and Beijing and has dragged total U.S…
China's foreign trade is growing despite global trade conflicts. However, the customs dispute with the US has a clear impact - also in trade with Germany.
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