China Halts All Oil Imports from US Amid Escalating Trade War | WHAT REALLY HAPPENED


China Halts All Oil Imports from US Amid Escalating Trade War

America’s second-largest oil client, China, completely stopped buying crude from the United States as trade tensions between the world’s two largest economies continue to grow. While oil has not been included on the list of bilateral tariffs, Chinese refiners have been staying away from buying crude from the US.
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China’s crude oil imports from America reached an average of 334,880 barrels per day through August, making Beijing the second-largest buyer of US oil after Canada.

In fact, China may be the largest buyer of American crude since much of the oil imported by Canada is re-exports – Canadian crude that briefly crosses into the US on pipelines before re-entering Canada. After ending a 40-year ban on oil exports in late 2015, the US has ramped up sales to two million barrels per day (bpd).

China buys most of its crude from Russia>>>

(*CAMPAIGN PROMISE REALIZED: Trump , did , say , during his campaign , that; he would like to Work With Russia . )

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