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Trump's Energy Tariffs Are Set to Spark a Redrawing of Oil Flows

Trump's Energy Tariffs Are Set to Spark a Redrawing of Oil Flows

Bloomberg04-03-2025
The world's supply lines for cargoes of oil and fuel, which typically criss-cross the globe, are about to get redrawn thanks to US President Donald Trump's sweeping tariffs.
Crude from Mexico, which supplies US Gulf refiners, will be diverted away, said Isabelle Gilks of consultant Wood Mackenzie Ltd. And if the duties endure, tariff-free Latin American oil grades from places like Brazil will start to head to the US in greater quantities, along with possibly more supplies from the Middle East, said Kitt Haines, an analyst at Energy Aspects Ltd.
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