Reported about 8 hours ago
If U.S. President-elect Donald Trump enforces a 25% import tariff on crude oil from Canada and Mexico, these producers are expected to lower prices and redirect supply to Asia, benefiting the region's refiners. Despite the potential for U.S. consumers and industry to be negatively affected by the tariffs, analysts predict an increase in Canadian and Mexican oil shipments to countries like China and India, where refining capabilities align with the heavy crude exports from these nations.
Source: YAHOO