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Monday, August 20, 2018 16:44 GMT
China is expected to buy more oil from Saudi Arabia and other GCC producers as it seeks to replace US supply amid a worsening trade war with Washington. Although China last week omitted US crude from a list of a retaliatory tariffs, analysts told Arab News that the Chinese were cutting forward orders for US oil in case the trade war escalates. Richard Mallinson, co-founder of London consultancy Energy Aspects, said: “Chinese buyers, anticipating that crude and LNG could go on the list if...More