• 3 minutes Nucelar Deal Is Dead? Iran Distances Itself Further From ND, Alarming Russia And France
  • 5 minutes Don Jr. Tweets name Ukraine Whistleblower, Eric Ciaramella. Worked for CIA during Obama Administration, Hold over to Trump National Security Counsel under Gen McCallister, more . . . .
  • 9 minutes Shale pioneer Chesepeak will file bankruptcy soon. FINALLY ! The consolidation begins
  • 12 minutes China's Blueprint For Global Power
  • 6 hours EU has already lost the Trump vs. EU Trade War
  • 14 hours Judge Orders Trump To Release Tax Returns
  • 3 hours Who writes this stuff? "Crude Prices Swing Between Gains, Losses"
  • 2 hours Climate Change Consensus Shifts in Wind, But Gas Is Still the Right Move
  • 4 hours World oil demand will keep growing until 2030, climate-damaging emissions longer, says IEA
  • 9 hours Shale Gas News – November 9, 2019
  • 12 hours ''Err ... but Trump ...?'' #thedonkeystays
  • 5 hours Does .001 of Atmosphere Control Earth's Climate?!
  • 15 hours Offshore SE Asia: Offshore OFS Could Get Major Boost in SE Asia
  • 5 hours Atty General Barr likely subpeona so called whistleblower and "leaker" Eric Ciaramella
  • 14 hours The lies and follies of the "cry wolf" enviros: No more fire in the kitchen: Cities are banning natural gas in homes to save the planet
  • 16 hours Saudi Aramco IPO Will Not Save Kingdom
  • 5 hours Joe Biden, his son Hunter Biden, Ukraine Oil & Gas exploration company Burisma, and 2020 U.S. election shenanigans
  • 15 hours China's Renewables Boom Hits the Wall
Alt Text

Trump’s New Syrian Oil Plan

Trump has approved an expanded…

Alt Text

Harvesting Human Electricity Gains Commercial Traction

The harnessing of human energy…

Editorial Dept

Editorial Dept

More Info

Premium Content

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…



Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play