After soaring last year, U.S. crude oil exports to China have started to slow down because of trade concerns and price differentials, Morningstar found. Total U.S. crude oil exports to China averaged 22,000 barrels per day in 2016, the first year for U.S. oil shipments following the lifting of a 40-year-old ban by then-President Barack Obama . Last year, U.S. oil exports increased to 224,000 barrels per day and have averaged 337,000 barrels per day during the first six months of the year. Last year, a report from Morningstar found China accounts for 20 percent of total U.S. crude oil exports and maintained that appetite for the first half of 2018. That trend, however, is starting to move in reverse. Sandy Fielden, the […]