China will no longer sign a long-term agreement to buy U.S. crude oil

                                                                                    INQUIRY

      On Tuesday, the CEO of Enterprise Products Partners LP (EPD.N), the U.S. oil pipeline and terminal operator, said that Chinese companies wishing to sign long-term agreements with U.S. oil exporters to buy crude oil had largely disappeared.
Over the past year, the United States and China have been involved in a growing trade dispute, which has escalated recently as the United States has raised tariffs on Chinese imports worth $200 billion to 25 per cent.
Jim Teague, CEO of Enterprise, said on the sidelines of the Houston Energy Industry Conference that the trade war had almost stopped all U.S. crude oil exports to China and that Chinese buyers were unlikely to sign long-term procurement agreements with U.S. crude oil exporters.
"When I was in China, I heard two words at every meeting:'Trump'and'Tariff'," Teague said.
In 2015, the Obama administration ended a 40-year ban on U.S. crude oil exports, which have grown substantially since then. The United States currently exports more than three million barrels of crude oil a day.


INQUIRY sales@hellerbearings.com
  • Details： China will no longer sign a long-term agreement to buy U.S. crude oil

  • Like Model No.:

  • We cooperate with UPS,TNT,FEDEX,EMS,DHL,etc.They guarantee to meet your needs in terms of time and money,even if you need your China will no longer sign a long-term agreement to buy U.S. crude oil bearing tomorrow morning (aka overnight or next day air) on your desk, 2, 3 days or more.Note to international customers, YES, we ship worldwide. INQUIRY -->

    Hot Model No.: