HOUSTON (Reuters) -Enterprise Products Partners on Thursday said its ethane and butane exports could be hurt by a U.S. Department of Commerce requirement that it apply for a license to export to China. The United States has ordered a broad swathe of companies to stop shipping goods, including ethane and butane, to China without a license and revoked licenses already granted to certain suppliers, Reuters reported on Wednesday. Enterprise, which owns and operates marine export terminals that handle ethane and butane, said in a regulatory filing it was evaluating its procedures and internal controls and could not determine if it will be able to obtain a license.
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The US midstream giant said the recent US restrictions on ethane exports have damaged faith in the country as a trade partner.
Trump administration denies ethane exports to China in trade war escalation.
"HP's outlook reflects the added cost driven by the current U.S. trade-related regulations in place, and associated mitigations,"…
Energy Transfer became the second US midstream firm to learn it will need a special license to continue sending ethane to China.
Stocks sold off Friday after President Donald Trump's latest tariff announcements, along with a weak jobs report, cast a pall…
A resurgence in trade tensions between the U.S. and China squeezed some of the excess out of an enthusiastic market and put…
