China on Friday said it would retaliate by slapping duties on American export products. including crude oil.
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OPEC members. including Saudi Arabia. and other oil producers will meet in Vienna this week.
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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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OPEC'.s upcoming meeting must do everything possible to prepare the markets.
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Trump unveiled a 25 percent tariff on a list of strategically important imports from China. including cars. promising further measures if Beijing struck back.
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Move comes after White House imposed tariffs on $50 billion of Chinese goods.
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India'.s SBI to Stop Handling Iran Oil Payments.
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There is no immediate reason to expect lower crude oil demand growth in China and India.
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Qatar aims to have boosted its LNG export capacity from the current 77 million tons to 100 million tons annually.
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