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U.S. Refiners Look to Get in on Shale Oil Export Boom

  • Marathon Petroleum CEO Heminger looks for customers in Asia
  • Phillips 66 supplied Mexico with first U.S. crude cargo
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The Difference Between Sweet and Sour Crude Oil
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U.S. refiners aren’t just buying crude to turn into gasoline and diesel -- they’re competing with producers and traders to export it.

Marathon Petroleum Corp. and Phillips 66 -- two of the three biggest U.S. independent fuelmakers -- are getting in on the shale export boom. Both are part owners of existing pipelines and new ones being built from the Permian Basin to the Gulf Coast.