Reported 2 days ago
Oil and gas traders are reportedly planning to request exemptions from new tariffs imposed by China on US crude oil and liquefied natural gas (LNG) imports, effective February 10. Following tariffs introduced by the US on China, China announced a 15% levy on LNG and 10% on crude, which may compel traders to execute swaps with other countries or increase domestic sales in the US. Additionally, US LNG shipments to China are anticipated to significantly decline as traders shift focus to other markets.
Source: YAHOO