US refiner Delek could run more light sweet crude, CEO says

Reuters

Feb 07, 2025

HOUSTON, Feb 6 (Reuters) - U.S. refiner Delek's DK.N CEO, Avigal Soreq, said on Thursday the company has the option to run more light, sweet crude if it is economic to do so, amid tariff uncertainty threatening supplies of heavy sour crudes from Canada and Mexico.

U.S. President Donald Trump postponed his 10% tariffs on Canadian crude for a month, as well as a 25% levy on Mexican crude.

"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.

Sporeq also said the company expects Permian Basin oil production growth of 250,000 barrels per day to 300,000 bpd in 2025 and 2026.

(Reporting by Georgina McCartney and Arathy Somasekhar in Houston)

((Georgina.McCartney@thomsonreuters.com;))

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U.S. President Donald Trump postponed his 10% tariffs on Canadian crude for a month, as well as a 25% levy on Mexican crude. \"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. Sporeq also said the company expects Permian Basin oil production growth of 250,000 barrels per day to 300,000 bpd in 2025 and 2026.  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