Battle for USGC crude market share heating up

摘要

New York—As US Gulf Coast refiners continue to cut runs as the market heads into fall turnaround season, the battle for market share among the region’s crude suppliers remains as competitive as ever, a Platts analysis showed Monday. While USGC crude runs were pegged last week at 7.99 million b/d—the first time below 8 million b/d since March—suppliers like Mexico and Saudi Arabia appeared to be retrenching price-wise, increasing the discounts offered for their crudes as Canadian flows continue to pour into the region near record levels.