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FGE In the Media


China tariff retaliation targets its modest US energy imports

Oil
 

Mia Geng, an analyst at FGE, said that when China imposed 25% tariffs on U.S. crude during the trade war in Trump's first administration, China stopped its purchases of 300,000-400,000 barrels per day of U.S. crude and turned to alternatives such as West Africa and Asian supply. 

"We are still assessing this internally but it looks like we will see a pause in buying while light-sweet alternatives will be sought after. This impacts about 100,000 bpd of recent U.S. inflows, which is not a big amount for Chinese refiners," she said. 

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