Chinese Refiners Switch Away From U.S. Oil After Tariff Exchange ...Middle East

OILPRICE - Economy
Chinese Refiners Switch Away From U.S. Oil After Tariff Exchange
source : OILPRICE ( Middle East ) () 60
Chinese refiners are looking for alternative supplies to U.S. crude oil after the Chinese government slapped tariffs on U.S. crude in retaliation for Trump’s additional 10% import tax rate on Chinese goods. Bloomberg reports that Chinese state majors were looking to resell U.S. oil cargos for delivery over the next two months and seeking alternatives from the Middle East and Africa, according to traders. Energy Aspects has calculated that Chinese importers of petroleum would need to find some 200,000 barrels daily in alternative crude oil…

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