Portugal's Galp confident it will find alternative markets if US tariffs bite
Portfolio Pulse from
Portuguese oil company Galp Energia is confident it can redirect its gasoline exports if US tariffs are imposed, currently exporting 1.2-1.5 million tons annually to the US. The company is also investing in sustainable fuel production, with a €400 million Hydrogenated Vegetable Oil plant expected to start operations by mid-2026.
March 25, 2025 | 4:45 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Potential US tariffs may impact Galp's gasoline exports, but company expects to redirect to alternative markets without significant disruption.
News suggests Galp has strategic flexibility to manage potential trade barriers by redirecting gasoline exports to other markets, minimizing negative financial impact.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80