Tag Archives: Trade

Some traders are forecasting that the sanctions could remove up to 1.5 million barrels per day of crude from the market.

Shell is a major player in the U.S. Gulf of Mexico.

Unipec is the trading arm of Asia’s largest refiner Sinopec.

Oil prices jumped 2 per cent as US sanctions restricted Iranian crude exports.

LNG prices in Asia are likely to remain largely unaffected for now.

For Iraq. which did $12 billion in trade with Iran last year. the impact would be particularly dire.

The tariffs undermine Trump'.s drive to use US shale oil and natural gas to turn the US into a global energy leader.

Stocks of propylene for non-fuel use fell by 1.02 million barrels to 1.787 million barrels for the week ending September 14.

The tariffs are likely to limit economic activity in both China and the United States.

Crude prices were under pressure after the US announced a fresh round of tariffs on $200 billion worth of Chinese goods Monday.