Increased Venezuelan crude imports displace Mexican HSFO refinery demand in USGC

Rising imports of Venezuelan crude into the US Gulf Coast are reducing refinery demand for Mexico-origin fuel oil as coker feedstock, pushing those volumes into the marine fuel blending pool, sources said this week. The shift comes amid USGC refiners’ preference for Venezuela’s heavy sour crude grades following the recent easing of US sanctions and strong Gulf Coast refining margins. According toRising imports of Venezuelan crude into the US Gulf Coast are reducing refinery demand for Mexico-origin fuel oil as coker feedstock, pushing those volumes into the marine fuel blending pool, sources said this week. The shift comes amid USGC refiners’ preference for Venezuela’s heavy sour crude grades following the recent easing of US sanctions and strong Gulf Coast refining margins. According toRead More