Russia Captures No. 2 Rank Among Foreign Oil Suppliers to U.S.
- American refiners never before bought so much Russian output
- Obscure products like Mazut 100 are in high demand in U.S.
This article is for subscribers only.
Russia is supplying more oil to the U.S. than any other foreign producer aside from Canada as American refiners scour the globe for gasoline-rich feedstocks to feed surging motor-fuel demand.
U.S. imports of crude and refined petroleum products from its former Cold War adversary surged 23% in May to 844,000 barrels a day from the prior month, government data showed. Mexico was edged out of the No. 2 spot as its shipments to its northern neighbor rose by less than 3%.