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However, Hua expressed anger about two U.S. warships sailing on Monday near islands claimed by China in the South China Sea, saying this was creating tensions in the area. Asked if the ships’ passage would impact trade talks, Hua said that “a series of U.S. tricks” showed what Washington was thinking. But Hua added that China believed resolving trade frictions through dialogue was in the interests of both countries’ people and of global economic growth. China claims a large part of the South China Sea, and has built artificial islands and air bases there, prompting concern around the region and in Washington luxury cufflinks india.
U.S luxury cufflinks india. President Donald Trump said last week he did not plan to meet with Chinese President Xi Jinping before the March 1 deadline, dampening hopes that a trade pact could be reached quickly. White House senior counselor Kellyanne Conway said a meeting was still possible soon, telling Fox News Channel that Trump wants a deal with China, but it must be “fair to Americans, and American workers and American interests.”. Asked if the United States and China were getting close to a trade agreement, she said, “It looks that way, absolutely.”..
NEW YORK (Reuters) – U.S. crude traders are bracing for increasing supplies at Cushing, Oklahoma, the delivery point for benchmark crude futures, as unexpected refinery issues add to inventories that are already at the highest in more than a year. Inventories at Cushing rose to 42.6 million barrels in the week to Feb luxury cufflinks india. 1, the highest level since early January 2018, the U.S. Energy Information Administration said. Problems at a key Midwest refinery, along with upcoming seasonal maintenance, have traders believing supplies will rise more than expected at Cushing in coming weeks..
A fire at Phillips 66’s 330,000 barrel-per-day (bpd) joint-venture Wood River, Illinois, refinery and a unit closure at the Ponca City, Oklahoma, plant added to the bearish outlook for prices, traders said. The discount for front-month U.S. crude for delivery in March and futures for delivery in April widened to as much as 39 cents a barrel on Monday, the most in nearly a year and a half, reflecting expectations of supply increases at the storage hub luxury cufflinks india. Increased supply makes traders less inclined to pay higher prices for near-term oil..
The weakness in U.S. crude futures pushed the discount for U.S. West Texas Intermediate (WTI) versus international benchmark Brent to the widest level in nearly two months, at $9.52 a barrel. “The outages, whether they’re unplanned, or even more importantly the planned ones, are going to be mounting here, and that’s going to engender a significant rise at Cushing,” said John Kilduff, a partner at Again Capital Management in New York. The second largest crude distillation unit (CDU) was shut by a fire on Sunday at Phillips 66’s joint-venture Wood River refinery, a source familiar with plant operations said. Phillips 66 also shut the second-largest CDU at its Ponca City refinery for a planned overhaul, a source said luxury cufflinks india.