Factbox-US Import of Canadian and Mexican crude oil per company

NEW YORK (Reuters) – Many American oil refineries are highly dependent on imported crude oil because their facilities are configured to achieve heavier figures, such as those from Mexico and Canada.

Refineries are waiting for clarity and prepare for the endangered rates of US President Donald Trump about rough import from Canada and Mexico.

Trump said on Friday that he would lower threatened rates on Canadian oil to 10% and that rates on oil and gas will probably come into effect on 18 February.

A rate for oil import can increase the costs of crude oil, which pushes refinery lists to reduce the amount of oil that their facilities process has. Refineries in the midwest process. About 70% of the 4 million barrels per day (BPD) crude oil imported from Canada.

Phillips 66 said that there can be production -cutbacks in the American Midwest and Rocky Mountain region where alternative rough supplies are limited when rates come into effect.

The refinery expects that the 457,000 BPD from Mexican crude oil that enters the US can be displaced and moved to Europe or Asia.

“We would expect the heavy Crudes company a little on the inefficiency of logistics,” said Brian Mandell, Executive Vice President Marketing and Commercial at Phillips 66. “As the year progresses and Opec puts more barrels on the market, we would expect That those differences will come out. “

Phillips 66, together with HF Sinclair and Par Pacific Holdings, has increased increased exposure to Canadian crude oil, showing data from TD Cowen.

“Our commercial and optimization teams have worked hard to develop every possible scenario that we can think of and how we would respond,” said Gary Simmons, Chief Operating Officer of Valero Energy, during a call with analysts on Thursday. “Maybe with a change of 10% in the transit. A lot depends on how far it goes and how deep you have to withdraw to some of those heavy barrels.”

Valero is the second largest American refinery on capacity.

HF Sinclair, Par Pacific and Marathon did not immediately respond to requests for comments.

Below you will find the latest available information about the volume of crude oil top American independent refineries imported from Canada and Mexico in November 2024.

Refiner Canada (thousands of Mexico (thousands

barrels) barrels)

HF 5,060

Sinclair

Phillips 14,481 497

66

Par 1.356

Peaceful

Marathon 15,535 1.488

Valero 1,147 6,599

Source: Data from US Energy Information Administration

NOTE: Data released on January 31, 2025

(Reporting by Nicole Jao in New York; Edit by Matthew Lewis)