US Refiners Are Placing Fewer Orders for Mexican Crude Oil

Bloomberg · last updated March 6, 2025 – 2:44 AM

US Gulf Coast refineries had already been placing fewer orders for crude oil from Mexico even ahead of President Donald Trump’s tariffs put in place this week.

American fuelmakers have ordered 410,000 barrels a day of Mexican crude oil for loading in March, or 17% less compared with orders made for February, according to a loading program seen by Bloomberg. All the orders, known as nominations, were placed by the end of February, before Trump confirmed this week that tariffs of 25% on Mexican goods, including crude oil, would be enacted.

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