Tag Archives: US-China trade relations

While US oil production continues to grow, the increase in oil sales to China could help moderate Trump administration invectives against China.The ‘revolution’ in tight oil production means that US oil production is about to break the annual record of 9.6 million barrels per day (mb/d) reached in 1970. Under rising pressure from oil producers, the Obama administration significantly loosened rules on crude oil exports, which have boomed. But where is all this oil going?China has accounted...

Growth momentum in China has softened a bit after a strong first quarter. Meanwhile, US-China trade relations look like they might be improving.Economic indicators for April point to some softening in growth momentum in China. Hard data confirm the moderation seen in manufacturing and non-manufacturing PMIs released earlier this month, and the direction of change is consistent with our expectation that Q1 marked the peak of growth momentum in China for 2017.In our view, the deceleration in...