New tariffs on energy imports from Canada and Mexico are poised to disrupt US oil markets, raise costs for refiners, and ...
Trump’s oil tariffs on Canada and Mexico could disrupt U.S. refiners, raise fuel prices, and impact energy markets.
New England may be the first location in the country to see an impact from the tariff on imported Canadian oil.
Over the past decade, crude markets have adapted to the rise of US light tight oil (LTO) production and ... US East Coast (PADD 1) refiners imported about 150,000 b/d of crude produced on Canada ...
“Cargoes diverting to the US, reverse arbitrage movements from Amsterdam-Rotterdam-Antwerp to PADD 1 are indicative of an undoubtedly tight US market,” said George Shaw, an oil analyst at Kple ...