Tanker – Weekly Market Monitor: Surge in Canadian Crude Oil Exports to Europe Amid U.S. Tariffs and Mediterranean Freight Rate Spike

Following the recent imposition of U.S. tariffs on Canadian crude oil imports, trade flows have undergone a significant shift, with Canadian barrels increasingly redirected toward European markets. This trend is evident in the March 2025 data, which shows seaborne crude exports from Canada surging to nearly 8 million barrels—more than double the monthly average recorded …

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