Bakken, Permian and Eagle Ford replacing Saudi imports of light and medium crudes
Imports of medium-grade crude oil to Gulf Coast refineries were down 45% in the first quarter of 2015 compared with the first quarter of 2014, reports the Energy Information Administration (EIA). Medium-grade crude imports fell to 0.8 MMBOPD in Q1’15 from 1.5 MMBOPD the year before. Almost all of those imports came from Middle Eastern producers, reports the EIA.

Imports to the Gulf from Saudi Arabia decreased by 52% from the first quarter of 2014 to 0.4 MM...

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