Google+ Followers

Saturday, 21 January 2017

China-U.S. trade tensions high on Big Oil's worry list | Reuters

China-U.S. trade tensions high on Big Oil's worry list | Reuters:

"Oil executives and Middle East producers are concerned that trade tensions between the United States and China risk clouding the outlook for global energy demand growth and a recovery in the price of oil. "It is not unique to our country to feel a certain level of anxiety (about tensions). But there is a lot of wisdom on both sides... I hope this anxiety will prove unfounded," Saudi Energy Minister Khalid al-Falih told Reuters. Chinese President Xi Jinping offered a vigorous defense of free trade in Davos on Tuesday, underscoring Beijing's desire to play a greater global role as the United States turns inward."



'via Blog this'