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Fifty years of oil trading
The invisible hand of the market has seen increasing transparency but much more needs to be done to build a better understanding
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Sino-US trade tensions could see crude consumption crumble despite recent buying behaviour
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Fast-tracking US project approvals and increased trade pressures have already changed the LNG landscape since Trump came to office, with further transformation ahead
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While economic weakness and the electric vehicles trend have hit oil demand growth, petrochemicals and jet fuel show more nuanced changes across the barrel
China’s oil majors making gas shift
PetroChina, Sinopec and CNOOC are aiming to rebalance their energy mixes but face technically difficult deepwater and shale task
Letter from the US: Oil and gas producers face tax threat
Capping state corporate income tax deductions would reduce energy supplies and raise prices
Trump’s energy policy paradox
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Taiwan’s energy dependencies laid bare
Renewed China tensions threaten island’s inflows of oil and gas from overseas
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On tariffs, Trump is an open book
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China US
Selwyn Parker
10 November 2017
Follow @PetroleumEcon
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Filling China's tanks

Beijing is working hard to put its SPR expansion programme back on track

The US may be selling off a substantial amount of its own Strategic Petroleum Reserve (SPR), but China is determined to keep building up its emergency stores of oil. As the White House calls for the sale of 270m barrels of crude from its SPR next year, which would mean the closure of two of four sites on the Gulf Coast, China is pushing ahead with the second stage of a long-term storage plan, now due for completion in 2020, after falling behind schedule. As a study published in July by China's National Natural Science Foundation points out, this would see the construction of eight new sites located in inland regions, most of them near geographically convenient ports serving areas of high dem

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