U.S.-China tensions have bubbled up again, and commodity markets could be caught up in the turmoil, not least LNG. Aviation activity and jet fuel are also in the mix this week, along with corn fundamentals in North and South America, and UK solar power. 1. U.S. LNG exporters face new test as China tensions resurface What’s happening? The U.S. move to no longer recognize Hong Kong’s independence from mainland China could lead to new tariffs and a potential collapse of the Phase 1 trade deal that promised $50 billion in U.S. energy purchases through 2021. That would be significant for U.S. LNG exporters, after deliveries to China resumed April 20 following a 13-month halt due to the impact of tariffs. What’s next? Despite major coronavirus-related lockdowns earlier in the year, Chinese LNG demand has recovered fairly robustly this spring, with imports averaging over […]