, Columnist
The New Thing in Chinese Oil? America
As OPEC withdraws, U.S. supply kicks in.
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There's a new kid on the block, muscling in on crude sales to China. America is rapidly carving out a niche for itself, stepping in to fill the gap left by falling supplies from OPEC countries.
As recently as last year U.S. crude-oil exports to China were puny. On average in 2016, companies shipped just 10,000 barrels a day to China -- that's less than two supertankers during the whole year.