Saudi Aramco is winning thanks to U.S. President Donald Trump’s trade war with China.
Sales of liquefied petroleum gas by the state-run producer to China -- one of its biggest Asian customers -- this year have already reached 90 percent of all shipments in 2017, according to data from tanker-tracking and intelligence firm Kpler. That’s because buyers in the Asian nation are seeking alternatives to American cargoes as a trade war between the world’s two biggest economies escalates with tariffs targeting billions of dollars worth of products.
