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California fuel imports rise to four-year high; reliance seen growing with planned refinery closures

Seeking Alpha · last updated
Oil and Gas Industrial zone,The equipment of oil refining,Close-up of industrial pipelines of an oil-refinery plant,Detail of oil pipeline with valves in large oil refinery.

Rangsarit Chaiyakun/iStock via Getty Images

California’s fuel imports climbed to the highest in four years in May to 279K bbl/day, as refiners turned to trading partners in Asia to make up for shortages in the state, Reuters reported Monday, citing shipping data and traders.

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