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US crude oil is exported to foreign refineries for blending purposes. By blending low-quality crude with high-quality crude it can reduce the total costs to the
by jandrewrogers 6mo ago
US crude oil is exported to foreign refineries for blending purposes. By blending low-quality crude with high-quality crude it can reduce the total costs to the refiner even after accounting for the fact that you had to buy high-quality crude to improve the properties of the domestic crude.