03 June 2019
The tanker markets may benefit from yet another potential tariff move by the US, this time aimed at Mexico. The US imports about 650,000 barrels per day of oil from Mexico while it exports double that amount in refined products to its southern neighbor.
Should tit-for-tat tariffs be implemented, a shift to longer-haul trades would benefit the crude and product tanker markets, according to Poten & Partners.
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