This Spotlight from S&P Global Platts Analytics was first published April 27, 2020 Receive daily email alerts, subscriber notes & personalize your experience. Register Now Crude oil exports out of the US Gulf Coast have been holding up relatively well given the severe curtailment in global refining demand. The key to maintaining those volumes has been finding new outlets for US crude, which has mostly been for the purposes of storage. One destination that has seen a big uptick in imports of US crude is St. Croix. This is the location of the Limetree Bay refinery that is expected to start up in the third quarter of this year. The old HOVENSA refinery location has a lot of storage capacity and these purchases are likely advantageous ones being made at bargain nominal prices and positive storage economics ahead of the refinery’s commissioning. Since the beginning of April, we have […]