Insights

FEATURED ARTICLES

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ADDITIONAL INSIGHT

Economics

What More Venezuelan Crude Imports Could Mean for the U.S. Crude Slate

October 1, 2025

There is renewed attention on the role of Venezuelan crude in U.S. crude balances as Gulf Coast (USGC) refineries continue to seek heavy sour grades – precisely the type Venezuela produces. With supply constraints from Mexico and increased competition for Canadian barrels, alternative feedstocks are in sharper focus. Some market watchers question whether Venezuelan crude,...

Economics

Open Season for Opportunity: Magellan’s Sun Belt Connector Links Houston Supply to Phoenix Demand

September 25, 2025

Magellan Pipeline Company, L.P. (“Magellan”) has initiated an open season for pipeline capacity between Houston and Phoenix on September 9, 2025. Potential shippers can submit bids for capacity until November 7, 2025. The open season supports the construction of the Sun Belt Connector (“Sun Belt”), an approximately 440-mile pipeline between El Paso, Texas and Phoenix,...

Stillwater Spotlight

Stillwater Spotlight: Eric Lingman

September 15, 2025

Stillwater Associates is pleased to welcome Eric Lingman as our newest Associate. Eric brings decades of experience in refining, optimization, and clean fuels, developed through hands-on work at refineries across the U.S. West Coast, Asia, Europe, and beyond. His technical depth, global market perspective, and track record of innovative solutions make him a valuable addition...

Policy

Hawaii’s Gas Cap, Twenty Years After Katrina: A Policy Experiment Revisited

September 3, 2025

When Hurricane Katrina struck the Gulf Coast in late August 2005, the storm not only devastated infrastructure in Louisiana and Mississippi but also sent shockwaves through the nation’s fuel markets. Spot gasoline prices in New York Harbor, the Gulf Coast, and Los Angeles spiked dramatically as Gulf Coast refineries shut down and distribution networks from...

Policy

Trump’s Tariffs on Imports from India Put Petroleum Trade in the Crosshairs

August 26, 2025

President Trump’s new tariff regime is shaking up trade flows with India, and refined products are right in the middle of the uncertainty. On April 2, 2025, Executive Order 14257 (EO 14257) established a national emergency to address persistent U.S. trade deficits by imposing reciprocal tariffs on imports from various countries. Included in EO 14257...

Policy

Trans Mountain Pipeline: Déjà Vu all Over Again?

August 5, 2025

Last April, we published an article on the Trans Mountain Pipeline Expansion (TMX) which was built on the premise that it would provide Canadian producers with access to Asian markets. In that article, we predicted that some of the heavy Canadian crude transported on TMX would be placed in California to supplement the state’s declining...
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