Reported about 10 hours ago
Marathon Petroleum, the largest US refiner, is preparing to shift to domestic oil sources at its Midwest refineries in anticipation of potential tariffs on Canadian and Mexican crude. Chief Commercial Officer Rick Hessling noted that their plants could substitute imported heavy Canadian oil with lighter local crudes from regions like the Bakken and the Rocky Mountains if trade tensions escalate. This comes as concerns grow among refiners regarding the impact of tariffs on their operations, with discussions ongoing between Marathon and government officials to clarify the ramifications.
Source: YAHOO