• 4 minutes Oil Price Editorial: Beware Of Saudi Oil Tanker Sabotage Stories
  • 6 minutes UAE says four vessels subjected to 'sabotage' near Fujairah port
  • 9 minutes Why is Strait of Hormuz the World's Most Important Oil Artery
  • 13 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 12 hours California's Oil Industry Collapses Despite Shale Boom
  • 16 hours Knock-Knock: Aircraft Carrier Seen As Barometer Of Tensions With Iran
  • 21 hours The Consequences: Full-Blown Trade War Will Push World Towards Recession
  • 4 hours Balancing Act---Sanctions, Venezuela, Trade War and Demand
  • 24 mins Greenpeace Blocks BP HQ
  • 46 mins Trump bogged down in Mideast quagmire. US spent $Trillions, lost Thousands of lives, and lost goodwill. FOR WHAT? US interests ? WHAT INTEREST ? To get Jared (Frisch School 2.8 GPA) a Mideast win with peace deal ? China greatest threat next 50 years.
  • 21 hours IMO2020 To scrub or not to scrub
  • 16 hours UK Needs New Wind Turbines
  • 15 hours Will Canada drop Liberals, vote in Conservatives?
  • 7 hours Shale to be profitable in 2019!!!
  • 22 hours Did Saudi Arabia pull a "Jussie Smollett" and fake an attack on themselves to justify indiscriminate bombing on Yemen city population ?
  • 7 hours DUG Rockies: Plenty Of Promise, Despite The Politics
  • 22 hours 6 Ways to Fight Climate Change
  • 1 day Global Warming Making The Rich Richer
  • 1 day California Threatens Ban on ICE Cars
Alt Text

The 2 Energy Giants Reshaping The Middle East

Typical crude oil producers such…

Alt Text

The Biggest Losers Of The Trade War

The U.S.-China trade war entered…

Alt Text

The IEA's Dire Warning For Energy Markets

Global energy investment “stabilised” at…

Editorial Dept

Editorial Dept

More Info

Trending Discussions

Trump’s Trade War Dominates Energy Markets

Oil prices this week are being dictated by yet another highly emotional trade war round that seemed to come out of nowhere. If Beijing really wants to dig in against Trump now, it will target US crude oil and LNG, and that’s where the backlash will really bite. Trump may well have overplayed his hand this time around.

Right before Trump announced his latest tariff threat (which has now gone beyond threat), Chinese oil refiners were picking up momentum with their US crude oil purchases. They were also preparing to jump in on some US LNG supply deals. Right about now, the US LNG industry is probably experiencing a bit of uncertainty because China is one of its top market destinations. Beijing already has a 10% tariff on US LNG imports, and we might see a 25% retaliatory tariff now. Can China replace US LNG imports? Yes, alternatives come from Qatar, Russia and Australia (the key beneficiaries here). The tariff war, then, means a leg up for the LNG competition and it won’t win Trump any supporters in the oil and gas industry.

The Biggest Story in the Oil Patch …

Libya’s internationally recognized Government of National Accord (GNA) is getting desperate now and they’re explicitly targeting oil but also throwing in, for good measure, dozens of other companies connected to countries that are on this wrong side of the conflict. Specifically, they’re targeting French oil giant Total SA, and while they won’t say this is politically…

Trending Discussions


Leave a comment

Leave a comment




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