REFINERY MARGIN TRACKER: USGC refiners lean on Mexico to replace heavy Russian barrels
US refiners — particularly those on the US Gulf Coast — are on the hunt to replace 700,000 b/d of Russian crude and refined products, especially fuel oil, needed to operate their sophisticated, high-conversion refineries efficiently, an analysis from S&P Global Commodity Insights showed April 18. Russia’s invasion of Ukraine at the end of February brought on a spate of…