Bloomberg Surveillance TV: February 3, 2025
Bloomberg Surveillance
Tariff Impacts on U.S. Oil Refining
This chapter examines the proposed 10% and 25% tariffs on crude oil imports and their effects on U.S. refining margins, specifically in the Midwest and Gulf Coast. It discusses how the Canadian dollar may alleviate some tariff pressures and contemplates potential sources for heavier crude if Canadian and Mexican supplies are restricted. Additionally, the chapter explores the broader implications of these tariffs on inflation, economic growth, and the overall refining market amid global dynamics.
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