- China’s plan to put tariffs on U.S. crude oil shows it is willing to take more economic pain in the trade war than some in the markets have expected.
- China’s proposed tax on oil could hurt margins at its own refineries.
- The U.S. exports light sweet crude, a grade of oil that is expected to be in greater demand from refiners making lower sulfur shipping fuel, which will be mandated starting early next year for the world’s shipping industry.
According to analyst Merrill Lynch, an analyst for the...
http://mfame.guru/who-is-willing-to-take-the-greater-fall-in-the-trade-war/