Asia might benefit from cheaper Canadian, Mexican oil, when?
Wed, Nov 27, 2024 6:02 PM

Asia might benefit from cheaper Canadian, Mexican oil, when?

A Flip by Shubhangi Gupta
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Oil producers in Canada and Mexico will likely be forced to reduce prices and divert supply to Asia if U.S. President-elect Donald Trump imposes 25% import tariffs on crude imports from the two countries, traders and analysts said. The United States accounts for 61% and 56% of crude exports from Canada and Mexico, respectively, ship tracking data from Kpler showed.

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