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OIL: Trump Tariff Threat Would Disrupt US Oil Flows: Vortexa

OIL
USCanadaCommoditiesEnergy BulletsMexicoBulletNorth America

US President-elect Donald Trump’s plan to impose 25% tariffs on Canadian and Mexican imports also includes crude oil, according to Vortexa’s Pamela Munger, citing Reuters.

  • Assuming Trump follows through with the tariff threat:
  • PADD 5 will likely go back to pre TMC flows, with imports from Ecuador, Colombia, and Saudi Arabia rising again.
  • This means that crude from TMX and Western Canada will have to price itself lower to get cleared in mainly Asian markets.
  • PADD 3 may be forced into importing more Middle East grades, Munger said.
  • In the US Midwest, they may have to deal with higher gasoline prices as it will be difficult to replace the Canadian crude used currently in the region’s refineries.

 

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US President-elect Donald Trump’s plan to impose 25% tariffs on Canadian and Mexican imports also includes crude oil, according to Vortexa’s Pamela Munger, citing Reuters.

  • Assuming Trump follows through with the tariff threat:
  • PADD 5 will likely go back to pre TMC flows, with imports from Ecuador, Colombia, and Saudi Arabia rising again.
  • This means that crude from TMX and Western Canada will have to price itself lower to get cleared in mainly Asian markets.
  • PADD 3 may be forced into importing more Middle East grades, Munger said.
  • In the US Midwest, they may have to deal with higher gasoline prices as it will be difficult to replace the Canadian crude used currently in the region’s refineries.

 

Keep reading...Show less