Tuesday, April 19, 2016

Once a mainstay, Algerian crude returns to U.S. East Coast

NEW YORK, April 20 (Reuters) - Phillips 66 has

purchased a cargo of Algerian crude oil for its Bayway refinery

in New Jersey for the first time since 2013, two sources said,

the latest U.S. refiner on the East Coast to shun domestic

crudes in favor of cheaper imports.

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