Citgo Trading ‘Headline by Headline’ as Trump Tariffs Loom

Citgo Petroleum Corp. says it hopes to profit from arbitrages that may open up if and when US President Donald Trump’s threatened tariffs begin.

• “We’re trading headline by headline and tweet by tweet, post by post,” Citgo head of refined product trading Vicente Valarino said at the Argus Global Crude Summit in Houston, Texas.
  • Citgo is trying to partner with counter parties who could be affected by the tariffs, optimize trade flows and profit from arbitrage opportunities “if the tariffs actually hit”
• Refining margins “decent” in first half of 2025 and US product export demand supporting refiners to run ...