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Increased Venezuelan crude imports displace Mexican HSFO refinery demand in USGC

sanctions_shadow_enforcement UTC: 2026-02-24 11:00:39

Rising imports of Venezuelan crude into the US Gulf Coast are reducing refinery demand for Mexico-origin fuel oil as coker feedstock, pushing those volumes into the marine fuel blending pool, sources said this week. The shift comes amid USGC refiners’ preference for Venezuela’...

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