Give me a phone number and a name and I will call them.
Grand Mal,
You can stop looking for a phone number for me to call and ask why refiners are still buying Russian crude oil.
I found the answer in a Wall St Journal article.
Why Does the U.S. Buy Russian Oil?
Despite being the top global producer, the U.S. turns to Russian crude to service more-isolated coastal markets and keep refineries running at optimal levels
If the U.S. exports millions of barrels a day from the Gulf Coast, why does it import Russia oil?
The Jones Act, passed a century ago, has effectively limited the size of vessels that are allowed to transport goods between U.S. ports. That has left oil buyers on the West Coast and East Coast effectively unable to get supplies shipped out of the Gulf Coast.
The Gulf Coast, where oil companies shipped out about 3 million barrels a day in December, is connected by pipelines to
the Permian Basin of West Texas and New Mexico and
Cushing, Okla., the nation’s oil storage hub.
It isn’t profitable for companies to ship oil from that region to the U.S. East and West Coasts by such small ships, so refiners along those coasts, lacking pipeline connections from the Permian and Cushing, mostly import it from overseas.
Why do U.S. refineries need different varieties of crude?
The U.S. buys Russian oil in part to feed refineries that need different grades of crude with a higher sulfur content to make fuel at top capacities. U.S. refineries were designed decades ago to use heavier grades of crude, often with higher levels of sulfur, when domestic supplies were lower.
In recent years, Russian crude has filled some of the gap around the world left behind by sanctions on Venezuela and Iran, which crippled the flow of that type and similar types of oil from those two countries to refiners in the Gulf Coast and elsewhere, Mr. Lipow said.
There's a lot more to that story if you can get to the rest of the article.
Despite being the top global producer, the U.S. had used Russian crude to service more isolated coastal markets and keep refineries running at optimal levels.
www.wsj.com