Trump Claims China Agrees to Buy U.S. Oil from Texas, Louisiana, Alaska After Xi Meeting

President Trump told Fox News that China agreed to purchase U.S. crude to feed its 'insatiable appetite,' with ships set to load from Texas, Louisiana, and Alaska following his May 14, 2026 summit with Xi Jinping in Beijing. This escalates earlier U.S. officials' signals that Xi expressed interest in more American oil, potentially from Alaska, amid no imports since May 2025 due to 20% tariffs—when volumes fell from 395,000 bpd peak in 2020 to 193,000 bpd in 2024 ($6bn value). Oil prices jumped on the news per CNBC, though China's summaries omitted energy deals; realization hinges on tariff rollbacks and possible $30bn goods concessions.