RE:RE:RE:Mexico cutting oil exports Interesting, found an EIA table for 2020 showing daily US imports from MEX at 550K, and
exports at 1,000K.
https://www.eia.gov/tools/faqs/faq.php?id=727&t=6
This tells me US refineries need an extra 450K barrels a day of imports from "somewhere else" to maintain the equilibrium with Mexico. And this could be an even larger number depending on what the exports are, given the approx 2:1 crude:gasoline refining ratio.
Sounds like potentially very good news for Canada, assuming our pipelines will support.
fishbeecee wrote: The reason that this is important is because Mexico supplied heavy crude to the US Gulf coast for refining. It was the main source of crude for those refineries. Now without that supply they have to get it from somewhere. Canada is the only other source in North America.