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Bakken oil output may hold its ground
While oil prices will determine the trajectory of the key US shale patch, regulation and technological shifts are also likely to shape direction longer term
China’s oil output to scale new heights
New discoveries and stabilisation of legacy fields’ output have helped China reverse the decline and be a top-five producer in recent years
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Letter from the Middle East: Iran-Israel war risks dire straits
A blockade of the Strait of Hormuz would have reverberations that would sound around the world
India to help Asia spearhead global refining
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US, Russia and China circle the Arctic
The strategic importance of vast untapped oil and gas reserves and key shipping routes has come in from the cold
Trump creates new risk dynamic
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Politics China US
Shi Weijun
Shanghai
3 March 2025
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US-China trade war will have limited impact

Tariffs likely to compound already weakening energy flows between economic powerhouses and lead to trade being rerouted

China’s decision to impose retaliatory tariffs on American crude oil and LNG imports after US President Donald Trump’s new punitive measures on Beijing is set to pause the already softening trade in the fuels between the world’s two largest economies, while the standoff could also reroute global energy trade flows as Chinese importers seek alternative supplies.  Chinese tariffs of 15% on LNG and coal from the US, as well as a 10% levy on crude oil, took effect on 10 February, in response to the Trump administration’s opening salvo of an additional 10% duty on all Chinese goods. While the tit-for-tat tariffs mark a flare-up in the US-China trade war started by Trump in his first presidency an

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