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The fast-growing U.S. oil and natural gas industry, which is seeking export markets around the globe, are overshadowed as sticky trade tensions have added uncertainty and costs to U.S. businesses, Xinhua reports.
Many U.S. oil and gas companies face higher costs or more difficulties resulting from nearly frozen Chinese purchasing of U.S. crude oil and liquefied natural gas (LNG), industry insiders, experts and officials said at the energy industry conference CERAWeek held from March 11-15 by the London-based information company IHS Markit.
Still, the economic complementarity between the two sides remains strong despite trade policies and tariffs announced in 2018.
The downstream impacts of trade barriers are very real, said Susan Schwab, professor with the University of Maryland and former U.S. trade representative on Friday at a panel discussion.
"We see them in our economy today. Interconnectedness of economy is very real. There's a lot of evidence," Schwab added.
The trade tensions between China and the United States have impacted the trade flows of LNG, said Matthew Shruhan, senior analyst on global LNG with international consultancy firm IHS Markit.
Many U.S. oil and gas companies face higher costs or more difficulties resulting from nearly frozen Chinese purchasing of U.S. crude oil and liquefied natural gas (LNG), industry insiders, experts and officials said at the energy industry conference CERAWeek held from March 11-15 by the London-based information company IHS Markit.
Still, the economic complementarity between the two sides remains strong despite trade policies and tariffs announced in 2018.
The downstream impacts of trade barriers are very real, said Susan Schwab, professor with the University of Maryland and former U.S. trade representative on Friday at a panel discussion.
"We see them in our economy today. Interconnectedness of economy is very real. There's a lot of evidence," Schwab added.
The trade tensions between China and the United States have impacted the trade flows of LNG, said Matthew Shruhan, senior analyst on global LNG with international consultancy firm IHS Markit.
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