CHINA - U.S. RETALIATION

API - API released the following statement regarding China's announcement it intends to impose new retaliatory tariffs on U.S. liquefied natural gas (LNG) in addition to retaliatory tariffs on crude oil, refined products, and petrochemicals:

"China's retaliation will hit America's energy industry particularly hard," said API Vice President for Regulatory and Economic Policy Kyle Isakower. "American natural gas and oil companies already hit by U.S. tariffs on industrial products and specialty steel essential to our industry will now be faced with Chinese tariffs on critical U.S. exports, impacting American jobs that rely directly and indirectly on the energy industry.

"China is the third largest importer of U.S. LNG, but U.S. LNG makes up only a modest but growing portion of China's supply portfolio, which suggests that this particular trade dispute will hurt America more than it hurts China. We urge the administration to end these trade policies that work against our own energy interests and threaten our shared goal of maximizing U.S. energy production and U.S. energy exports."

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Earlier:

2018, July, 27, 12:45:00 U.S. OIL TO CHINA DOWN PLATTS - China's crude oil imports from the US for July have fallen sharply from June, and are expected to drop even further for August, vessel tracking data showed, as Beijing's tariffs on US crude imports get closer to implementation.

2018, July, 27, 12:40:00 CHINA'S GDP UP TO 6.9% IMF - The Chinese economy continues to perform strongly. GDP growth accelerated to 6.9 percent in 2017, driven by a cyclical rebound in global trade. Growth is projected to weaken slightly to 6.6 percent in 2018 owing to the lagged effect of financial regulatory tightening and the softening of external demand. Headline inflation has remained contained at around 2 percent and is expected to rise gradually to 2½ percent.

2018, July, 25, 09:30:00 U.S. - CHINA LNG DOWN REUTERS - China, which purchased 14 percent of all U.S. LNG shipped between February 2016-April 2018, has taken delivery from just one vessel that left the United States in May and none in June compared with 14 during the first four months of the year.

2018, July, 23, 13:30:00 RUSSIA'S LNG FOR CHINA NOVATEK - PAO NOVATEK (“NOVATEK” and/or the “Company”) has shipped its first cargos of liquefied natural gas (LNG) from the Yamal LNG project to China via the Northern Sea Route. Русский | English

2018, July, 11, 09:05:00 CHINA: THE LARGEST EIA - In recent years, as its domestic energy consumption has grown, China has become a more significant destination for U.S. energy exports. In particular, China has been among the largest importers of U.S. exports of crude oil, propane, and liquefied natural gas.

2018, June, 13, 13:00:00 CHINA - IRAN PARTNERSHIP PLATTS - China and Iran have agreed to strengthen strategic cooperation during Iranian President Hassan Rouhani's visit to China, possibly paving the way for steady crude flows between the two countries.

2018, May, 4, 15:25:00 CHINA'S OIL DEMAND UP 6.8% PLATTS - China ended the first quarter of 2018 with robust apparent oil demand growth of 6.8% year on year, as stronger-than-expected GDP growth boosted consumption from the industrial and construction sectors and outweighed concerns over rising oil prices