U.S. Oil Vanishing From Chinese Tariffs Reveals America's Clout

Published 09:00 9th Aug 2018.

Michal Meidan discusses the implications of China's decision not to apply tariffs on US crude in August

"Wednesday’s decision to omit crude will give Unipec the chance to bring crude cargoes loading from the U.S. in June and July into China without incurring additional costs, Michal Meidan, an analyst at industry consultant Energy Aspects Ltd., wrote in an emailed note on Aug. 8. However, she cautioned that refiners in the Asian nation may still be wary of boosting American oil purchases because it may yet be targeted with tariffs if tensions escalate."