China's threat on Friday to slap a 5% tariff on U.S. oil imports could furt...
FILE PHOTO: A pump jack operates at sunset in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford
PADD 3 inventories last week rose to the highest in a month, at 225.1 million barrels, and were 12.4 million barrels higher than the same week last year, U.S. government data showed. Supplies have climbed as two new pipelines carrying U.S. shale from the Permian Basin opened last week, pushing key coastal grades to the lowest in a year.
The tariff on oil imports would likely “shut off flows from the U.S. to China,” leaving exporters to market a rising tide of shale oil to South Korea and Japan, said John Coleman, an oil analyst at consultants Wood Mackenzie. Widely exported Mars Sour crude traded as low as a $1.05 premium this week to the U.S. benchmark, before inching back. Light Louisiana Sweet also was bid around $2.50, near its lowest in a year. Prices will have to fall sharply for shippers to profitably move U.S. crude to foreign buyers, traders said.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
‘Hobbs & Shaw’ Brings The Brawn To China With $40M Through Friday; Muscling In On $112M+ Weekend BowUniversal’s Fast & Furious Presents: Hobbs & Shaw muscled into China on Friday, grossing an estimated $34.5M (RMB 245M). The figures do not include Thursday midnights and rep the 2nd …
Leer más »
China says hopes U.S. stops wrong tariff action, vows to retaliate if new levies imposedChina said on Thursday it hopes the United States will stop its wrong tariff act...
Leer más »
China Uses Disney’s ‘Mulan’ to Attack Hong Kong ProtestsAlthough Twitter and Facebook have taken steps to stop what they say is a Chinese state-backed misinformation campaign about the anti-government protests in Hong Kong, similar content from suspicio…
Leer más »
China Box Office: 'Hobbs and Shaw' Revving Up for $75M-$100M Debut
Leer más »
China treads a fine line as it seeks to mediate in Japan-South Korea trade disputeChina appears to be stepping up to mediate between Japan and South Korea as their trade battle intensifies — a move that could prompt the U.S. to get more involved in the region, one expert says.
Leer más »
China warns US tariffs will 'escalate trade friction'BEIJING (AP) — China appealed to Washington on Thursday to 'meet each other halfway' and settle a trade war instead of going ahead with planned tariff hikes Beijing warned will trigger...
Leer más »