• 4 mintues Texas forced to have rolling brown outs. Not from downed power line , but because the wind energy turbines are frozen.
  • 7 minutes Forecasts for oil stocks.
  • 9 minutes Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 13 minutes European gas market to 2040 according to Platts Analitics
  • 14 hours Simple question: What is the expected impact in electricity Demand when EV deployment exceeds 10%
  • 19 mins America's pandemic dead deserve accountability after Birx disclosure
  • 12 hours U.S. Presidential Elections Status - Electoral Votes
  • 1 hour Today Biden calls for Summit with Putin. Will Joe apologize to Putin for calling him a "Killer" ?
  • 3 days Fukushima
  • 2 hours CO2 Mitigation on Earth and Magnesium Civilization on Mars – Just Add Water
  • 3 days Biden about to face first real test. Russia building up military on Ukraine border.
  • 4 days Joe Biden's Presidency
  • 2 days New Chinese Coal Plants Equal All those in U.S.A
Editorial Dept

Editorial Dept

More Info

‘No Trade Deal’ Scenario Keeps A Hard Cap On Oil Prices

Recent financial market headlines have been dominated by stories covering the plunge in global interest rates. And for good reason. Government bond yields have been sinking like a stone lead by a move in the US 10yr yield down to 2.1% for an 18-month low. Meanwhile, in overnight markets, the 3-month LIBOR has dropped from 2.8% in December to 2.5% this week. So why are investors flocking to bonds? Simple- heated rhetoric between Washington and Beijing is making a US/China trade pact seem less and less likely every day and raising concerns that elevated tariffs could trigger a global recession.

Concern that the two sides are only moving farther from a deal is justified. Rhetoric from the Trump administration is taking a hard line, no compromise attitude towards the negotiations which could be difficult to reverse. In Beijing, President Xi is now using the tougher US stance to generate nationalist support arguing the US is maligning the Chinese and threatening their sovereignty. The Chinese newspaper People’s Daily has taken an extremely aggressive path in generating support of a non-cooperative trade attitude writing “we advise the US side not to underestimate the Chinese side’s ability to safeguard its development rights and interests. Don’t say we didn’t warn you!” Chinese officials have also threatened to cut off exports of rare earth materials used by the US to make electronics, defense materials and electric vehicles. The issue…




Oilprice - The No. 1 Source for Oil & Energy News