US Gulf refiners seek MidEast, S.American oil to offset Venezuela, Mexico losses – Oil & Gas 360

US Gulf refiners seek MidEast, S.American oil to offset Venezuela, Mexico losses – Oil & Gas 360

(BOE Report) – U.S. Gulf Coast refiners are snapping up higher volumes of Middle Eastern and South American crudes to offset the loss of Venezuelan and Mexican barrels, according to ship tracking data, a workaround solution that might be short-lived if the U.S. allows some sanctioned Venezuelan crude to return to the market. The shake-up in trade flows reflects a shortage of medium and heavy crude grades at the key Gulf Coast refining hub which h

US Gulf Refiners Seek MidEast, S.American Oil to Offset Venezuela, Mexico Losses - Energy News, Top Headlines, Commentaries, Features & Events

(Reuters) – U.S. Gulf Coast refiners are snapping up higher volumes of Middle Eastern and South American crudes to offset the loss of Venezuelan and Mexican barrels, according to ship tracking data, a workaround solution that might be short-lived if the U.S. allows some sanctioned Venezuelan crude to return to the market. The shake-up in ...