Oil in Trade War, U.S. Oil Rig Count: Your Daily Energy News

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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

CRUDE OIL
China Targets Oil in U.S.-China Trade War - China said crude oil would be among the U.S. products hit by tariffs of 5% as of September 1, sending crude prices to two-week lows on Friday as that compounded worries about a slowdown in global oil demand. (Reuters)

PRODUCTION
Number of Rigs Drilling for Oil in U.S. Declines - U.S. energy firms cut the most oil rigs in about four months in the week ending August 23, with the rig count falling to the lowest since January 2018. Drillers cut 16 oil rigs. (Reuters)

GASOLINE
China's Gasoline Exports in July at Near Record - China's gasoline exports in July rose to near-record monthly levels, customs data showed on Friday, as refiners stepped up overseas shipments amid a wave of new production and slowing domestic demand. Gasoline shipments reached 1.56 million tonnes last month, data from the General Administration of Customs showed, up from 1 million tonnes in June and 890,000 tonnes in July last year. (Reuters)

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About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.

About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.