US EditionAnalysis-Trump’s oil tariffs a boost for European and Asian refiners
- The tariffs will raise costs for U.S. Refineries that rely on heavier crude grades, potentially cutting their profitability and forcing production cuts, industry sources stated.
- European and Asian refiners are expected to gain a competitive advantage due to these tariffs, as they can utilize discounted crude from Mexico and Canada, analysts noted.
- U.S. Refiners may face higher costs and reduced profits, while European margins could improve due to increased gasoline imports from the U.S. Northeast, according to various analysts and executives.
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Total News Sources11
Leaning Left0Leaning Right2Center1Last UpdatedBias Distribution67% Right
Bias Distribution
- 67% of the sources lean Right
67% Right
C 33%
R 67%
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