for Oil Trade Flows
The USMCA appears to calm oil industry fears that revisions to NAFTA would endanger investor protections, while Canada and Mexico both have carveouts to avoid vehicle tariffs.
Unrestricted access to Arctic sea routes will further link China’s developing economy with some of the world's most advanced markets, including the United States, Canada, and Norway.
Matt Smith is Director of Commodity Research at ClipperData, a company that tracks global cargo flows of crude and products. He speaks to The Fuse about data transparency, trade flows, and recent price trends.
Every day, 46.9 million barrels of oil flow through the world’s oil transit chokepoints: Narrow channels along widely used sea routes. The security of these lanes is critical—the global economy relies on the safe passage of ships through these passes.