10OCT2018 - NEWS - As per BIMCO US Crude Oil exports to China dropped to zero in August

The brewing trade war between the global super powers, China and the United States, has led to a complete freeze of US seaborne exports of crude oil to China. Even though crude oil was left out from the recent wave of tit-for-tat tariffs between the duo, the country’s seaborne exports of crude oil to China dropped to zero in August. In 2017, Chinese imports accounted to 23% of total US crude oil exports. In 2018, that number was 22% during the first seven months. US crude oil exports to any other destination were record high, BIMCO’s data shows. Total US crude oil exports excluding china hit a new all-time high in September at 6.96 million tonnes.

Published by Editor - www.Livebunkers.com at 10-Oct-2018 04:53:40 [UTC] , contact editor at editor@livebunkers.com