According to New York Bloomberg News on March 19, American refiners not only buy crude oil to produce gasoline and diesel, but also compete with producers and traders to export shale oil.
Marathon Petroleum Corp. and Philips 66, two of the three largest independent fuel producers in the United States, are entering a boom in shale oil exports. Gary Heminger, chief executive of Marathon Petroleum Corp., said in an interview at a meeting of U.S. fuel and petrochemical manufacturers in San Antonio that he traveled to Singapore and South Korea two weeks ago to find potential customers for U.S. crude oil.
| EDTA |
In addition to the Grey Oak Pipeline to Coppers Christie, Texas, which will be completed by the end of the year, the marathon also transports crude oil from the Midwest to New Orleans, where it can be exported through the Louisiana offshore oil port.
At the end of 2018, Philips 66 shipped Bacon Oil from North Dakota to Mexico, defeating trading companies and producers and supplying Mexican Oil Company with the first batch of American crude oil.
| Melamine |