US Gulf coast refineries see reduced need for imported crude, says consultant
The rise of US domestic supplies due to horizontal drilling and fracking has seen fewer barrels of foreign oil reaching the country’s main refiners in Texas and Louisiana
The situation underlines a reversal in the petroleum shipping that has taken place since 2005 when marine terminals along the Gulf coast were importing more than 6m bpd of crude oil. In 2019, the same refineries were importing fewer than 1.7m bpd
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