President Trump extended the trade talks with China, citing “substantial progress,” which will defuse one of the largest downside risks to the oil market, at least for a while longer.
With the March 1 deadline approaching, the U.S. and China have reportedly started to sketch out the broad outlines of a deal, although the tough work lies ahead. Securing some rather minor concessions from China to purchase more soybeans from the U.S. was the easy part, but forcing sweeping changes to its trade practices, the so-called “structural reforms, will be extremely difficult, if not potentially unobtainable.
Solo Oil PLC (LON:SOLO) is an investment company with the target of acquiring a diverse global portfolio of direct and indirect interests in exploration, development and production oil and gas assets, both on-shore and off-shore.