Reported 1 day ago
A potential trade war between the United States and China could lead to a decrease in US crude oil exports in 2025, as new tariffs may restrict US access to the Chinese market for the first time since the pandemic. Analysts expect exports to drop from 3.8 million barrels per day in 2024 to 3.6 million in 2025, primarily affecting medium-sour grades. While light crude oil may be redirected to other markets, domestic refineries are likely to absorb the medium-sour grades, reflecting complex shifts in global oil trade.
Source: YAHOO