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|China’s Tariff on US Crude Likely to Have Little Impact|
Beijing will impose a 5 percent tariff on U.S. crude oil from September 1st, but Chinese state-owned traders could keep importing at around 150,000 – 200,000 b/d from the U.S. for the rest of the year. Options include potential tariff waivers, storing the oil in bonded tanks, or diverting cargos to other Asian countries.
Posted: 2019-08-27 23:17:00
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