A breakthrough in US-China trade negotiations will provide oil prices with a boost or at least some stability, analysts say.
After more than a year of deadlock talks between the world’s two largest economies – which has led to tit-for-tat tariffs being imposed by both nations on products worth hundreds of billions of dollars – US president Donald Trump on Friday said that a phase one deal on trade had been reached with China after the visit of Chinese vice premier Liu He to Washington.
Reabold Resources plc (LON:RBD) is an investor in near-term, high growth upstream oil & gas projects where an injection of its capital facilitates near-term activity. Reabold’s assets include Monroe Swell, West Brentwood & Grizzly Island, in California, US.