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OIL: Trump Tariff Plan Could Threaten US Refiners: DNB

OIL
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President-elect Donald Trump’s tariffs on Canadian and Mexican imports would hurt US refiners if crude oil were included, DNB market analysts said, cited by Dow Jones.

  • Mexico and Canada are the top sources of US crude imports. The US imports a combined 5.2m b/d of crude and products from those two countries.
  • “A 25% tariff hike would be very painful for landlocked U.S. refineries that are dependent on pipeline imports of Canadian crude," DNB Markets' Helge Andre Martinsen and Tobias Ingebrigtsen said in a note.
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President-elect Donald Trump’s tariffs on Canadian and Mexican imports would hurt US refiners if crude oil were included, DNB market analysts said, cited by Dow Jones.

  • Mexico and Canada are the top sources of US crude imports. The US imports a combined 5.2m b/d of crude and products from those two countries.
  • “A 25% tariff hike would be very painful for landlocked U.S. refineries that are dependent on pipeline imports of Canadian crude," DNB Markets' Helge Andre Martinsen and Tobias Ingebrigtsen said in a note.