05DEC2018 - NEWS - China imported its first U.S. crude oil cargo in around two months

China has recently imported its first U.S. crude oil cargo in around two months last week. Chinese buyers have largely avoided U.S. oil during the two countries’ trade war, fearing the imposition of tariffs. China had risen to become the largest importer of U.S. crude oil in 2018 before cutting off shipments as the trade war escalated. The world’s two largest economies agreed over the weekend to stop imposing new tariffs on each other’s goods for 90 days. Independent refiner Shandong Yuhuang Petrochemicals received its first-ever U.S. crude shipment last week.

Published by Editor - www.Livebunkers.com at 05-Dec-2018 06:00:40 [UTC] , contact editor at editor@livebunkers.com