Is u.s. oil returning to china oilprice.com gas city indiana weather

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Although tanker-tracking data currently shows that a tanker is en route to a Chinese port, the final destination may yet change as the estimated time of arrival is the middle of April. In the past couple of months, other crude oil tankers heading to Asia were first thought to be en route gas bijoux soho to China but they later changed their final destination to other countries in the region.

According to ClipperData, a very large crude carrier (VLCC), Hong Kong Spirit, has recently loaded nearly 2 million barrels of U.S. oil at Moda Midstream’s Ingleside terminal near Corpus Christi, Texas. According to MarineTraffic, the currently declared destination of the vessel is Yantai, China electricity bill nye, with an estimated time of arrival on April 18. Related: Has Trump Overplayed His Hand With Saudi Arabia?

After the United States and China called a trade-war truce in early December and pledged to immediately begin trade negotiations in view of possible deal within 90 days, Chinese refiners were said to have been looking for opportunities to buy U.S. crude oil by March 1, when the negotiating period expires, but they reportedly needed further assurances that no cargoes would be left stranded with possible tariffs gas 89 on crude oil on them.

The other key factor for the return of U.S. crude oil on the Chinese market is the Brent/WTI spread. According to Platts and analysts it has briefed, the recent import by Chinese independent refiner Hongrun gas buddy Petrochemical of U.S. Eagle Ford crude from South Korean storage was likely the result of the wide Brent Crude premium over WTI Crude, which has made the Eagle Ford grade attractive for the refinery.

Although tanker-tracking data currently shows that a tanker is en route to a Chinese port, the final destination may yet change as the estimated time of arrival is the middle of April. In the past couple of months, other crude oil tankers heading to Asia were first thought to be en route to China but they later changed their final destination to other countries in the region.

According to ClipperData, a very large crude carrier (VLCC), Hong Kong Spirit, has recently loaded nearly 2 million gas engine tom barrels of U.S. oil at Moda Midstream’s Ingleside terminal near Corpus Christi, Texas. According to MarineTraffic, the currently declared destination of the vessel is Yantai, China, with an estimated time of arrival on April 18. Related: Has Trump Overplayed His Hand With Saudi Arabia?

After the United States and China called a trade-war truce in early December and pledged to immediately begin trade negotiations in view of possible deal within 90 days, Chinese refiners were said to have been looking for opportunities gas station near me open to buy U.S. crude oil by March 1, when the negotiating period expires, but they reportedly needed further assurances that no cargoes would be left stranded with possible tariffs on crude oil on them.

The other key factor for the return of U.S. crude oil on the Chinese market is the Brent/WTI spread. According to Platts and analysts it has briefed, the recent import by Chinese independent refiner Hongrun Petrochemical of U.S. Eagle Ford crude from South Korean storage was likely the result of the wide Brent Crude premium over WTI Crude, which has made the Eagle gas prices in michigan Ford grade attractive for the refinery.