CHINA UNABLE TO MEET ITS COMMITMENTS ON U.S. CRUDE, LNG, COAL

Highlights:

• China had made a commitment to buy an additional $52.4 billion in U.S. energy over the next two years.
• It is apparent that this goal is unachievable in present circumstances.

In Phase 1 of the trade truce between Beijing and Washington, China declared that it would buy energy over and above a $9.1 billion baseline of U.S. imports in 2017. This would be with a split of ....