Jan 2, 2015

Mexico's Light Crude, Shunned For U.S. Shale, Sails East

Reuters: Mexican crude oil is sailing to the U.S. East Coast at the highest rate in over a decade, according to customs data reviewed by Reuters, in a sign deepening discounts help crack open new markets as domestic shale inundates Texas.

Delta Air Lines-owned Monroe Energy received nearly 500,000 barrels of light-sour Mexican crude in September and a similar cargo in October at its 185,000-barrel-per-day refinery in Trainer, Pennsylvania, according to U.S. Energy Information Administration data. It was the refiner's first imports from Mexico since 2009, the furthest the data go back. Read more. 

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