US refiner Delek could run more light sweet oil if tariffs bite, CEO says
U.S. refiner Delek has the option to run more light, sweet crude oil if it is economical to do so, CEO Avigal Soreq said on Thursday, amid tariff uncertainty threatening supplies of heavy sour grades from Canada and Mexico. U.S. President Donald Trump on Saturday announced a 10% tariff on Canadian oil, and a 25% tariff on imports from Mexico, though implementation was put on a month-long pause on Monday after discussions between the countries' leaders. "We have knobs to open...we can do whatever is economic," Soreq said on the sidelines of the Argus Global Crude Summit in Houston when asked whether Delek will run more light, sweet crude in its refineries.