JOURNAL ARTICLE

Top US Refiner Is Ready to Switch to Domestic Crude on Tariffs.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Risser, Nathan 3 of 3

Abstract

Marathon Petroleum, the largest US refiner, is prepared to switch to domestic oil at its Midwest plants in response to potential trade war tariffs. The company could use alternative crude supplies from the Bakken formation, Rocky Mountains, and shale basins if access to foreign supply is limited. US refiners, including Marathon, are assessing the implications of tariffs on Canadian and Mexican oil imports, with concerns about replacing heavy Canadian crude and potential cost burdens. Marathon's CEO is in discussions to understand the impact of tariffs and ensure stakeholders are aware of the decisions being made. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/02, pN.PAG
  • Document Type:Article
  • Subject Area:History
  • Publication Date:2025
  • Accession Number:182774216
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