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Cenovus warns U.S. tariffs could redirect Canadian oil exports from the U.S. to Asia.
Cenovus Energy Inc., a Canadian oil firm, warns that potential U.S. tariffs on Canadian energy could lead to a shift in oil exports away from the U.S. to global markets, particularly Asia.
While the tariffs are on hold until March, the company's CEO noted they could impact cash flow by affecting oil prices, refining margins, and other market factors.
Despite this, Cenovus's near-term plans and spending are expected to remain unchanged.
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Cenovus advierte que los aranceles estadounidenses podrían redirigir las exportaciones de petróleo canadienses de Estados Unidos a Asia.