China Expands U.S. Oil Purchases With 15 Tankers Ahead of Trump-Xi Summit

12 articles · Updated · Nikkei Asia · May 12

Fifteen tankers left the U.S. for China in April, signaling a fresh increase in Chinese crude buying before President Donald Trump visits Beijing this week for talks with Xi Jinping.
China is broadening its crude sourcing options to strengthen energy security and improve its bargaining position at the summit, according to the report.
Persian Gulf disruptions have not yet forced Beijing to tap its strategic petroleum reserves, giving it room to use commercial imports instead.
U.S. cargoes add flexibility for China while highlighting how energy trade is becoming part of the wider agenda around the Trump-Xi meeting.

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