U.S. Buyers of Mexican Crude Trim Purchases ...Middle East

OILPRICE - Economy
U.S. Buyers of Mexican Crude Trim Purchases
source : OILPRICE ( Middle East ) () 35
U.S. refiners have already reduced their intake of Mexican crude before the 25% tariffs that went into effect this week, Bloomberg has reported, citing nominations for delivery in March made in February. According to these, Gulf Coast refiners had ordered some 410,000 barrels daily of Mexican crude, which represented a 17% decline on February nominations from the second-largest foreign supplier of crude oil for U.S. refineries after Canada. In February, Bloomberg again reported that Gulf Coast refiners were shunning Mexican crude because of excessive…

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