The Japan Times | How soaring U.S. exports to China are transforming the global oil ... The Japan Times Bit by bit, the U.S. petroleum industry is turning world oil markets inside out. First, sharp drops in U.S. imports of crude oil eroded the biggest market. Shale boom fears add to meltdown for oil's worst week since 2016 China to launch own crude oil futures contract on March 26 China to launch rival oil futures market in spring |