HollyFrontier benefits from stranded Permian Basin crude

摘要

New York-HollyFrontier’s access to priceadvantaged crudes from the Permian Basin and Western Canada will continue to benefit the refiner’s margins throughout the second quarter, a company executive said Wednesday. As Permian Basin crude production exceeds takeaway pipeline capacity to the US Gulf Coast, local mid-Continent refiners like HollyFrontier are reveling in higher margins, a result of growing Midland crude discounts from stranded barrels.