The company’s Factbox-USA imports Canadian and Mexico crude oil
New York (Reuters) -Many American refineries are seriously dependent on imported crude oil because their facilities are configured with heavier results, such as from Mexico and Canada.
The refinery is waiting for clarity and is imported from Canada and Mexico for the threat tariffs of US President Donald Trump.
Trump said on Friday that he reduced the threat tariffs on Petroleum in Canada to 10 %, and tariffs on oil and natural gas may take effect on February 18.
The tariffs on oil imports may increase the cost of crude oil, which prompts the refinery to reduce the amount of oil in its facility process. The refinery in the process of central and western regions has about 70 % of 4 million barrels (BPD) imported from Canada.
PHILLIPS 66 said that production may be reduced in production. If tariffs come into effect, other crude oil supply is limited.
The refinery expects that Mexican crude oil, which enters the United States 457,000 BPD, may be displaced and move to Europe or Asia.
“We want to see that heavy brutal companies rely on logistics to be low -efficiency,” said British Mandell, a 66 -year -old marketing and business vice president of marketing and business vice president. We hope that these differences can expand. “
The data displayed by TD COWEN show that Philips 66 and HF Sinclair and Par Pacific Holdings have also increased Canadian crude oil.
Valero Energy's chief operating officer Gary Simmons said on Thursday's phone on Thursday: “Our business and optimization teams have been working hard to develop all possible situations we can think of and how to respond.” “You may see a 10 % change in throughput. To a large extent, it depends on its development level and the depth of deepening your heavy barrel.”
Valero is the second largest refinery in the United States.
HF Sinclair, PAR PACIFIC and Marathon did not immediately respond to the commentary request.
The following is the latest available data from the top independent refineries imported from Canada and Mexico in November 2024.
Canadian refinery (thousands of Mexico (thousands of
Barrel) barrel)
HF 5,060
Sinker
Philips 14,481 497
66
1,356 pole
Pacific Ocean
Marathon 15,535 1,488
Valero 1,147 6,599
Source: Data from US Energy Information Management
Note: Data released on January 31, 2025
(Nicole jao report in New York; editor of Matthew Lewis)