Oil shipments from the US to China may stop completely in the coming months due to reciprocal trade duties imposed by Washington and Beijing.
About it writes Bloomberg.
‘Given that China introduces … duties on goods from the U.S., the cost of U.S. oil will grow almost twice – by $51 per barrel at the price of WTI at $61,’ – the agency quotes the analyst of consulting company Vortexa Ivan Matthews.
It is specified that China is considering alternative supplies from the Middle East countries, such as Oman or the United Arab Emirates.
In addition, the possibility of increasing the purchase of oil from Iran and Russia is not excluded.
Earlier it became known that China promised to ‘fight to the end’ in response to the new duties of US President Donald Trump.
