U.S. refiners cash in on Mexico's record fuel imports (Reuters)

26 / DIC / 2016
downstream

By | NEW YORK/HOUSTON

NEW YORK/HOUSTON (Reuters) - U.S. Gulf Coast refiners are cashing in on rising fuel demand from Mexico, shipping record volumes to a southern neighbor that has failed to expand its refining network to supply a fast-growing economy.

The fuel trade could top a million barrels per day (bpd) at times in 2017 as Mexico becomes increasingly dependent on the United States for strategic energy supplies and providing business worth more than $15 billion a year to refiners such as Valero (VLO.N), Marathon Petroleum (MPC.N) and Citgo Petroleum.

(Read more)

site stats