Refiner Tesoro Says Cheaper Imported Crude Boosts West Coast Profits

摘要

Independent refiner Tesoro said its US West Coast refineries took advantage of relatively cheap prices for foreign crude during the third quarter of this year, helping to boost net income for the period to $345 million from $56 million in the same period of 2010. Discounts for this imported crude "relative to domestic alternatives widened yearover-year," the company said. US West Coast refineries typically run domestic crudes produced in Alaska and California, plus a variety of imported grades.