China is slowly resuming imports of US crude oil after reducing intake following the trade dispute between the two countries, but volume is well below pre-trade war levels. Three tankers holding 3.94 million barrels are set to arrive in February , according to Clyde Russell ’s vessel-tracking data, after no cargoes were shipped this month , October and November , and just one arrived in November . China Earlier in 2018 , prior to the trade war, the Asian nation was importing around one bpd, but according to an opinion piece by Clyde Russell in Argus Media , US crude is uncompetitive to Asia due to shipping costs.
China is slowly resuming imports of US crude oil after reducing intake following the trade dispute between the two countries, but volume is well below pre-trade war levels. Three tankers holding 3.94 million barrels are set to arrive in February , according to Clyde Russell ’s vessel-tracking data, after no cargoes were shipped this month , October and November , and just one arrived in November . Earlier in 2018 , prior to the trade war, the Asian nation was importing around one bpd, but according to an opinion piece by Clyde Russell in Argus Media , US crude is uncompetitive to Asia due to shipping costs.