Analysts: Expect Keystone XL Pipeline Approval
Key report from the US Department of State should set the stage for project`s approval from the White House, say analysts.
Articles Tagged "valero"
Valero Energy Swung to 2Q Loss On Margin Pressure
Valero Energy Corp. swinged to a second-quarter loss as an earlier strategy to process heavier grades of crude oil backfired amid falling sales volume and prices. In addition, diesel and jet fuel profit margins were weak. For full story, click here
Russia’s LUKOIL has piped Valero for stake in Total refinery
Russia’s LUKOIL has purchased a stake in a Dutch refinery from France’s Total, gaining a foothold in northwest Europe and blocking a bid by the biggest U.S refiner, Valero, to enter the region. For full story, click here
U.S Valero Energy has planned to raise $720 mln for Capex
Top U.S. refiner Valero Energy Corp. has planned to raise $720 million through a share sale this month to bolster its capital spending plans and bankroll acquisitions. For full story, click here
Valero Energy’s Delaware Refinery Gasoline Unit Surged
Valero Energy Corp. announced that the key gasoline-making unit at its Delaware refinery was back on-line following an extended outage, and that other units will be restarted over the next few days. The refinery was shut on March 4 for economic reasons while work continued, since Feb. 15, at the plant’s coker unit. For full [...]
Port Arthur refinery crude unit taken offline by Valero
Valero Energy Corp took a crude unit out of production at its 325,000 barrel-per-day-total-throughput Port Arthur, Texas, refinery due to a Friday night fire in a heat exchanger. For full story, click here
Valero hit by high oil prices
Valero energy has been hit by the rising cost of crude as it has soared faster than the price of retail gasoline. The company was quoted as saying: Weaker margins on gasoline were partially offset by substantially higher margins on distillate products such as diesel and jet fuels, which are seeing strong global demand, and improved differentials [...]
