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Trafigura Leads Race to Move US Fuel In-Country on Foreign Ships

Bloomberg Markets
Thursday, May 14, 2026 at 6:29 PM
~4 min read
Energy

Original Report

Trafigura Group and Phillips 66 are the leading recipients of US government waivers allowing the use of foreign-flagged tankers to ship oil, fuel and other cargoes between domestic ports.

Glass House Analysis

Energy prices affect virtually every aspect of daily life—from commuting costs to heating bills to the price of groceries (which must be transported). For working families, energy represents one of the most volatile and impactful line items in their budgets. Energy policy decisions ripple through the economy, affecting everything from manufacturing competitiveness to household financial stress.

The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.

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