US Gulf refiners seek MidEast, S.American oil to offset Venezuela, Mexico losses

The U.S. Treasury Department in March revoked key licenses that allowed some companies to export Venezuelan oil and fuel to the U.S. after President Donald Trump criticized the OPEC nation's record on migration and democracy. Gulf Coast imports of oil from the Middle East, mainly Iraqi Qaiyarah, Kuwait's Eocene and Saudi Arabia's medium sour Arab Light, also ramped up sharply this month to 212,000 bpd, the highest since January (Read more at Yahoo Finance).