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Energy Secretary Wright

Coverage of Energy Secretary Wright in the Nexus archive.

Earliest in view: May 15 · 14:06 UTCMost recent: May 15 · 14:06 UTC

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BUSINESSMay 15 · 14:06 UTCCNBC TOP
China will buy more U.S. oil because it is a natural trade partner, says Energy Secretary Wright
China will increase its purchase of US oil due to trade partnerships, as it currently relies heavily on crude oil imports from the Middle East which are being cut off by Iran's blockade of the Strait of Hormuz. Energy Secretary Wright views the US as a natural trade partner for China. This move aims to diversify China's oil supplies.