China will buy more U.S. oil because it is a natural trade partner, says Energy Secretary Wright

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China will buy more U.S. oil because it is a natural trade partner, says Energy Secretary Wright

China will ramp its crude oil imports from the United States because the world's two largest economies are natural trade partners when it comes to energy, Chris Wright told CNBC on Friday. …

China will ramp its crude oil imports from the United States because the world's two largest economies are natural trade partners when it comes to energy, Chris Wright told CNBC on Friday. China is the largest oil importer in the world and the U.S. is the biggest producer. "There's a natural energy trade there," the U.S. energy secretary told CNBC's Brian Sullivan in an interview at Port Arthur, Texas. China relies heavily on the Middle East for its oil imports. …

Original source: CNBC Top News

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Louisiana · Xi Jinping · Middle East · Donald Trump · Persian Gulf · Chris Wright · United States · Hormuz · United Arab Emirates