CNOOC. parent of CNOOC Ltd. is China’s largest operator of LNG import terminals.
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Sinopec expects China'.s total crude imports from the US in value terms to more than double in 2018 due to strong demand.
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India is concerned that the rallying oil prices are hurting its economy.
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Construction cost will also be a factor that decides the future offshore wind power market in China.
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China'.s aggressive riposte to Trump took some in the industry by surprise.
Read More »LNG is Absent in U.S.-China Tariff Dispute
A tariff on oil may be a way for China to send a message to the Trump administration without incurring damage at home.
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China on Friday said it would retaliate by slapping duties on American export products. including crude oil.
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China retaliated by slapping duties on American export products. including crude oil.
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All crude oil imports into China are currently exempt from tariffs.
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China has been a key recipient of American oil since a 40-year U.S. ban on exports was ended by then-President Barack Obama in 2015.
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