2019-05-17 07:40:00
U.S., CHINA TRADE WAR
API - API issued the following statement in response to China's increase of the retaliatory tariffs on $60 billion worth of U.S. products, including U.S. LNG:
"The U.S. and China have a natural supply-demand match when it comes to energy, but China's increase of retaliatory tariffs to 25 percent poses a threat to U.S. investment in LNG by limiting our share in the world's fastest growing LNG market," said Stephen Comstock, API Director. "These retaliatory tariffs dampen the prospects for the growing U.S. LNG investment, hurt U.S. workers, and benefit America's foreign competitors.
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Earlier:
2019, May, 15, 11:52:00
U.S. ENERGY PRODUCTION UP 8%
The United States produced a record amount of energy from various sources in 2018, reaching 96 quadrillion British thermal units (quads), an 8% increase from 2017. This increase in production outpaced the 4% increase in U.S. energy consumption, which also reached a record high of 101 quads.
2019, May, 15, 11:30:00
U.S. LNG TO CHINA +25%
China will increase tariffs on US LNG imports to 25% from 10% effective from June 1, the State Council under the Finance Ministry said in a statement late Monday, but it left out US crude imports from its current tariff lists.
2019, May, 13, 12:30:00
U.S. LNG TO CHINA CUTS
No liquefied natural gas (LNG) vessels that left the United States in March and April have gone to China, Refinitiv Eikon shipping data shows, as the trade war between the two nations escalates.
2019, May, 13, 12:15:00
U.S. TRADE DEFICIT UPDOWN
Year-to-date, the goods and services deficit decreased $5.8 billion, or 3.7 percent, from the same period in 2018. Exports increased $14.0 billion or 2.3 percent. Imports increased $8.2 billion or 1.1 percent.
