BLOG: US foreign policy reshaping global oil markets at major cost

摘要

LONDON (ICIS)--Click here to see the latest blog post on Asian Chemical Connections. US refining margins are being squeezed as a direct result of US foreign policy, as this has raised the cost of heavy crude - the type of oil used by most US refineries. Meanwhile, the direction of oil demand remains uncertain because of the US-initiated trade war with China. This further underlines just how volatile and uncertain are global energy markets, along with the global economy, because of a radical change in political direction in the US since 2016.