Very usefull links


News links




Dow Jones

Oil price



Views and News





Oil, beans and steel: How U.S. - China trade wars will redraw global Commerce

Qilai Shen/Bloomberg

Tariffs, sanctions already roiling biggest commodity markets. Projects in doubt as nations erect barriers.

By Isis Almeida, Joe Deaux, Alex Longley, and Dan Murtaugh

Petroleumworld 07 09 2018

The U.S. and China fired their biggest shots yet in the escalating global trade wars, slapping tariffs on everything from soybeans to pork to nuclear reactors. The new barriers, combined with tougher U.S. sanctions on Iran and Venezuela, are threatening to upend trade routes carrying trillions of dollars of commodities annually.

Following is a series of stories looking at the key issues and likely impact of the changes in trading policy.

Donald Trump's attempts to re-balance global trade have already sent the metals world into a tizzy. As countries respond to U.S. tariffs and sanctions, the disarray is set to increase.

Steel prices and aluminum premiums are shooting up in the U.S. thanks to tariffs, threatening to wreak havoc on manufacturers. Everywhere else metal prices are on a roller-coaster ride, with copper and zinc retreating on fears of slowing demand. If equity investors have stayed sanguine so far, metal investors are voting with their feet.

Read more

Oil Spike or Ignore Trump: China and India's Decision

How do you solve a problem like U.S. foreign policy?

It's a question two of the world's largest oil consumers will have to wrestle with over the next four months -- and their answers will define the global trade in oil.

China and India, who together imported about 1.4 million barrels a day of Iranian crude over the past 3 months, will soon have to decide whether they want to snub the U.S. government's desire to bring Iranian oil exports to zero, or run the risk of an ever-escalating crude import bill. It's a story that's complicated by the emergence of the U.S. as a major exporter of crude, in particular to China.

Read more

The world's fastest growing fossil fuel is bracing for a direct hit from increasing global trade tensions.

U.S. President Donald Trump's tough talk on trade with China is looming over his country's efforts to become the world's largest exporter of liquefied natural gas. In Europe, a potential pipeline project from Russia has been imperiled by possible U.S. sanctions, while the sales practices of Qatar, the world's biggest LNG seller, are under investigation as being anti-competitive.

The friction risks disrupting global trade of gas worth almost $300 billion last year, threatening to distort flows of the commodity just as demand for the cleaner-burning fuel explodes. It's also casting a shadow over multi-billion dollar export projects in the U.S. while creating opportunities for countries untouched by the wave of protectionism.

Read more

U.S. President Donald Trump could be about to reshape what global agricultural commodity trading will look like in the years to come.

The trade fight he's picking with nations from China to Mexico has already roiled food markets, and will escalate further.

The U.S. is a key cog in global agriculture trading, and about two-thirds of its farm exports are shipped to nations it's in trade disputes or talks with, according to farm lender CoBank. Mexico and the European Union have already imposed some trade barriers on American products, and shipments of U.S. soybeans have been redirected away from China. U.S. markets will probably be hardest hit by a trade war, which could see flows of everything from pork to cotton to grains rerouted around the world.

Read more

Will somebody please tell commodity shippers there's a trade war going on?

Whether it's the price of hiring giant freighters to haul hundreds of millions of tons a year of iron ore and coal, or smaller carriers moving grains, there's a theme emerging: dry-bulk shipping rates are rallying despite an escalating trade war that may yet damage China's economy.

Read more

With assistance by Megan Durisin, Marvin G Perez, Danielle Bochove, Luzi-Ann Javier, Julian Lee, Alaric Nightingale, Dan Murtaugh, Anna Shiryaevskaya, and Rachel Adams-Heard


Twitter: @petroleumworld1

Hit your target - Advertise with Us

Story by Isis Almeida, Joe Deaux, Alex Longley, and Dan Murtaugh from Bloomberg. 07 06 2018

We invite all our readers to share with us
their views and comments about this article.
Write to

By using this link, you agree to allow PW
to publish your comments on our letters page.

Any question or suggestions,
please write to:

Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels

Twitter: @petroleumworld1

November 13 - 15, 2018.

Gubkin University, Moscow
SPE Student Chapter






Editor & Publisher:Elio Ohep/
Contact Email:

CopyRight © 1999-2016, Paul Ohep F. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2017, Petroleumworld   / Elio Ohep - All rights reservedThis site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.