U.S. crude starting to seep back to China, but needs lower price

U.S. crude oil is starting to trickle back to China with three cargoes slated to arrive next month, but volumes are still a long way off levels prior to the outbreak of trade hostilities between the world’s two largest economies.

Vessel-tracking data compiled by Refinitiv shows three tankers carrying 3.94 million barrels are en route from the United States to China and will arrive in February.

This is up from zero cargoes slated to arrive in January, a mere one in December and zero in both November and October…

 

Click Here For Remainder of Article 

Posted in: Opinion

About the Author:

Post a Comment