By Ernest Scheyder and Collin Eaton HOUSTON, June 20 (Reuters) - China's proposed tariffs on U.S. petroleum imports, part of a mounting trade war between the two countries, would crimp sales to the shale industry's largest customer, adding new pressure on U.S. crude prices, energy executives and analysts said in interviews this week. China has said it would slap a 25 percent … [Read more...]
The Not-So-Surprising Commodity Excluded from China’s Tariff List
By Ryan Collins (Bloomberg) -- In punching back against U.S. tariffs, China included almost all energy-related commodities on a list of its retaliatory actions. The exception: liquefied natural gas. That’s not surprising, according to a report Monday by Wood Mackenzie Ltd., a U.K.-based research firm. After an aggressive coal-to-gas switching policy was put in place by … [Read more...]
America’s Gas Prices May Double by 2040 as LNG Exports Grow
By Rachel Adams-Heard (Bloomberg) -- American gas prices could double by 2040 as the U.S. exports more liquefied natural gas, but consumers will be shielded as production of the fuel increases and trade balances improve. That’s the conclusion from a study commissioned by the U.S. Department of Energy that found an almost 50 percent chance of gas reaching $5 to $6.50 per … [Read more...]
Here Are the Commodities Most Likely Affected by U.S.-China Trade Talks
By Bloomberg News (Bloomberg) -- American crude drillers, coal miners and farmers are set to be among the beneficiaries of the Trump Administration’s trade pressure on China. China has offered to boost purchases of American goods by about $25 billion this year, showing particular willingness to step up imports of crude oil, coal and farm products, … [Read more...]
Shale’s Surge Crashes Into Bottlenecks From Pipelines to Ports
By Alex Nussbaum (Bloomberg) -- The U.S. shale surge is crashing headlong into a barrage of bottlenecks. From West Texas pipelines to Oklahoma storage centers and Gulf Coast export terminals, the delivery system for American crude is straining to keep up with soaring production. That’s limiting the industry’s ability to take full advantage of growing worldwide demand, with … [Read more...]