Reuters HOUSTON – Independent U.S. refiner Valero Energy Corp plans for its 15 refineries to operate up to 91% of their combined capacity of 3.13 million barrels per day (bpd), said Homer Bhullar, vice president of investor relations, in a Thursday conference call. Valero’s eight U.S. Gulf Coast refineries will set the pace for the company with plans to operate
Reuters NEW YORK – From coast to coast, U.S. refineries are available for the taking, but nobody is buying. With the news that Royal Dutch Shell Plc is looking to unload its Anacortes, Washington, facility, there are seven different U.S. refineries on the block now, accounting for about 5% of U.S. crude oil processing capacity, according to data compiled by
From Bloomberg After flooding the U.S. market in recent months, Saudi Arabia plans to slash exports to the world’s largest oil market in the coming weeks, in an effort to dampen visible build-ups in crude inventories. U.S. refineries given notice to expect lower shipments from Saudi in January; cut could test 30-year low American-based oil refiners have been told to
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