Locator: 48355B.
WTI: $68.09.
Tuesday, December 10, 2024: 17 for the month; 121 for the quarter, 650 for the year
- None.
Monday, December 9, 2024: 17 for the month; 121 for the quarter, 650 for the year
- 40037, conf, Hess, BL-SVOR-LS-156-95-0403H-1,
- 23276, conf, Grayson Mill, Darlene Federal 152-97-13-24-10H,
Sunday, December 8, 2024: 15 for the month; 119 for the quarter, 648 for the year
- 37877, conf, BR, Concord 1C,
- 40036, conf, Hess, BL-Svor-156-95-0403H-8,
- 39856, conf, Hess, EN-Lokken-LE-157-94-0805H-1,
- 35513, conf, Enerplus, FB Clinton 148-94-29B-32-11T,
RBN Energy: the odds for / against US tariffs on Canadian, Mexican crude.
President-elect Trump’s plan to impose a 25% tariff on all imported goods from Canada and Mexico — including crude oil — has raised concern among U.S. refiners, many of which depend heavily on those imports and would face serious challenges in replacing them. The question is, given that dependence and the incoming administration’s pledge to reduce energy costs, will refiners — and oil producers in Canada and Mexico — succeed in their efforts to exempt crude oil from the tariff plan? In today’s RBN blog, we discuss the degree to which U.S. refineries incorporate Canada- and Mexico-sourced oil in their crude slates, the potentially devastating impacts of a tariff on Canadian crude in particular, and the odds for and against U.S. tariffs on oil imports from its neighbors.
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