New crude oil may require new design

As US production of crude oil continues to climb towards its pre-pandemic production levels of 13 million barrels a day – a welcome development given high gas prices – the need for new investment to facilitate exports and imports is growing. While US consumption almost equals what we produce, we still export and import a

US refiners import Middle East fuel oil

The United States last year imported about 700,000 barrels per day (bpd) of different types of fuel oil and other feedstocks that mostly went to U.S. Gulf Coast refineries to supplement heavy crude oil, according to market research data. Russia last year accounted for just under half of U.S. fuel oil imports, Mexico for 20%

US refiners seek alternatives to Russian oil amid tensions

Some U.S. producers of gasoline that have relied on imports of Russian oil are looking for alternative supplies amid heightened tensions in Eastern Europe. At least two major Gulf Coast refiners are seeking to diversify their purchases of fuel oil that can be used as a feedstock to produce gasoline and diesel, according to people

Despite tight supply, US refiners export most gas in three years

While President Biden is fretting about high gasoline prices, even going as far as asking OPEC+ to raise oil output, US refiners are exporting the most gasoline in three years. Shipments of the fuel in the first eight months of the year rose to 802,000 barrels a day, the highest for the period since 2018,