China trade deal mentions OIL /GAS as part of phase 1 but no detail

[Jabbar + 465]

When Trump or his surrogates discuss the Phase 1 terms they include Oil/Gas in addition to agriculture.

Could be good for WTI .  .   .   . but just talk for now.  How is it included ? Any firm commitment in writing ?  

Can't take it to the bank.

A few weeks before we get any real indication. 

Edited December 17, 2019 by Jabbar

[blackgoldtycoon 0]

Could be good for WTI meaning the Price will go up?

[Jabbar + 465]

1 minute ago, blackgoldtycoon said:

Could be good for WTI meaning the Price will go up?

Yup

[blackgoldtycoon 0]

This is my system to trader BRENT

The system gives indication sell is starting 

so will see later  

[blackgoldtycoon 0]

I trade base of fully technical which my own system that i develop  

[blackgoldtycoon 0]

I Trade fully technical for Brent and base on my system SELL is starting  

[Tom Kirkman + 8,860]

21 hours ago, Jabbar said:

When Trump or his surrogates discuss the Phase 1 terms they include Oil/Gas in addition to agriculture.

Could be good for WTI .  .   .   . but just talk for now.  How is it included ? Any firm commitment in writing ?  

Reuters Factbox: How China tariffs on U.S. commodities, energy stand after 'phase one' trade deal

China and the United States have agreed terms of a “phase one” trade deal under which Washington reduced some tariffs and Beijing canceled retaliatory duties that were previously scheduled to take effect on Dec. 15.  ...

 

... Below is a list and timeline showing how China’s tariffs on key U.S. commodities and energy items stand after the “phase one” accord.

Crude oil

Beijing imposed a 5% tariff on U.S. crude oil shipments from Sept. 1, the first time U.S. oil had been targeted since the trade war between the world’s top two economies started more than a year ago. The 5% tariff was not affected by Sunday’s deal.

China, the world’s biggest crude importer, has sharply lowered U.S. shipments from a record high hit last year. Chinese customs data showed imports in the first 10 months were halved year-on-year to 146,275 barrels per day.

Propane

China removed an additional 5% tariff on U.S. propane shipments which was set to take effect from Dec. 1. A 25% duty that Beijing imposed on U.S. propane on Aug. 23, 2018 remains in place.

Chinese firms process U.S. propane into petrochemicals such as propylene. Imports last year were worth an estimated $2 billion.

Liquefied natural gas (LNG)

China imposed a 10% punitive tariff on U.S. LNG shipments in September 2018, raising it to 25% in June. LNG duties were not affected by Sunday’s deal.

Imports of the super-chilled fuel in the first 10 months of 2019 shrank 87.2% on the year to 258,955 tonnes, according to Chinese customs.

Methanol, ethylene glycol (MEG)

China imposed tariffs of 25% on U.S. methanol and MEG in June this year. These were not affected by Sunday’s deal.  ...