THE EFFECT OF PHASE 1 TRADE DEAL ON OIL EXPORTS

Highlights:

• China pledged to buy billions of dollars’ worth of oil, coal, and LNG which will, in turn, change the global energy landscape.
• The US is working on to reduce the tariffs on buying goods for China.
• US oil exporters will fight with major oil exporters of the world to get its share in the market.

After months of negotiations, the phase-one deal was signed....