Trilateral Trade Agreement Signed, But Faces Uncertain Future

After months of negotiations, President Trump, Canadian Prime Minister Justin Trudeau and Mexico’s then-president, Enrique Peña Nieto, on Friday signed a new trilateral trade agreement on the sidelines of the G-20 summit in Buenos Aires, Argentina.

December 3, 2018

Domestic Oil, Natural Gas Production Whittling Trade Deficit, Says IHS Markit

Booming U.S. oil and natural gas production has exerted a “moderating” influence on the trade deficit and set the country on track to become a net oil exporter for the first time in decades, according to new research.

November 14, 2018

Sino-U.S. Trade War Delays FID for Magnolia LNG to 2019

The Australian company interested in building a liquefied natural gas (LNG) export terminal adjacent to the Calcasieu Ship Channel in Lake Charles, LA, said it will delay a final investment decision (FID) until the first half of 2019, citing the ongoing Sino-U.S. trade war.

October 30, 2018

Uncertainty Looms for USMCA to Pass U.S. Congress, Say Analysts

A new trade deal between the United States, Canada and Mexico is expected to have a modest impact on the oil and gas industry, and reduced uncertainty between the trading partners could lead to an eventual lifting of tariffs on steel and aluminum imports, according to analysts. However, they warned the ongoing trade dispute with China could worsen.

October 2, 2018
China Trade Row Said Unlikely to Slow U.S. LNG Exports Near Term

China Trade Row Said Unlikely to Slow U.S. LNG Exports Near Term

China's decision to enact a 10% tariff on U.S. liquefied natural gas is unlikely to slow exports in the near term, analysts said, and a "second wave" of domestic export projects could find buyers elsewhere, especially in Europe and Asia.

September 20, 2018

Escalating Sino-U.S. Trade War Ensnaring U.S. LNG

Less than 24 hours after President Trump late Monday announced tariffs on $200 billion worth of Chinese products, Beijing responded in kind with $60 billion worth of taxes on American goods, including a 10% tariff on liquefied natural gas (LNG), as the Sino-U.S. trade war continued to escalate.

September 18, 2018

FERC Approves Transco Alabama Trading Pool, Service Boost

FERC last Friday approved changes proposed by Transcontinental Gas Pipe Line Co. LLC (Transco) for a tariff establishing a trading pool in Alabama and changes to boost its no-notice firm transportation service.

September 12, 2018

IPAA Urges White House to Modify Steel Import Trade Policies

As the oil and gas industry grapples with tariffs on imported steel and a byzantine process for bypassing them, the Independent Petroleum Association of America (IPAA) urged the Trump administration to “understand and address” the unintended consequences of both actions, especially the increased burden on the industry’s small businesses.

August 31, 2018
Trump Hails U.S., Mexico Trade Accord in Bid to Scuttle NAFTA

Trump Hails U.S., Mexico Trade Accord in Bid to Scuttle NAFTA

After weeks of arduous renegotiations in an attempt to upend the 1994 North American Free Trade Agreement (NAFTA), which bound together the economies of the United States, Mexico and Canada, President Trump on Monday declared victory and said he had a new trade agreement on the table with Mexico.

August 27, 2018

China Strikes Back, Slaps 25% Tariff on $16B of U.S. Goods

Despite the resumption of low-level Sino-U.S. trade talks in Washington, China on Thursday imposed a 25% tariff on a range of American-made goods valued at $16 billion, including coal and petroleum products, in retaliation for the Trump administration levying a tariff of similar size and scope on the same day.

August 23, 2018