Oil Imports From Mexico Soar After Hurricane Season

9 Dec 2017   Mexico, USA

U.S. imports of Mexican crude last month climbed above 800,000 bpd for the first time since November 2014. This is the result of a number of factors, but in large part due to hurricane disruptions in recent months. Mexican crude imports in September dropped to the lowest month on our records (since at least 2012), as Hurricane Harvey caused refineries along the U.S. Gulf Coast to temporarily shut down, reducing oil demand. In response to hurricane activity in the Gulf of Mexico, several vessels that were loaded on the east coast of Mexico have headed south instead, around Cape Horn and to the U.S. West Coast – a rare journey indeed. Accordingly, Mexican crude imports to the U.S. West Coast have climbed to the highest on our records in November at 111,000 bpd. That said, after an absence of nearly two years, the U.S. West Coast had already been […]

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