Hints and tips:
...It was backed by several deep-pocketed investors, including BlackRock, US oil refiner Valero Energy and Poet, a top US biofuel refiner....
...Morgan Stanley has boardroom links to the oil and gas industry too; director Rayford Wilkins Jr is a sitting board member of Texas-based oil refining company Valero Energy....
...Shareholders of two independent refiners, Valero Energy and Marathon Petroleum, have enjoyed stock price rises of at least 78 per cent in the last year....
...US president Joe Biden on Wednesday took aim at refiners for not producing more petrol, saying their rising profit margins “at a time of war” were “not acceptable”....
...Joe Biden, the US president, has said he is open to imposing an oil embargo on Russia....
...It means that as Joe Biden battles to push sweeping new clean energy legislation through Congress, his first year as president will coincide with a resurgence in the use of coal....
...But many see the tide turning in Washington, where carbon capture is one of the rare items on President Joe Biden’s climate agenda to enjoy wide bipartisan support....
...The moves by the Fed, coupled with a rebound in oil prices has bolstered access to credit markets for higher-quality groups such as ExxonMobil and Valero, which on Tuesday was seeking to raise new capital...
...Joe Biden wants to cut carbon out of American electricity by 2035....
...Joe Kaeser, chief executive of the German industrial group said his “working hypothesis is that we are going to make this (deal) work” in a Bloomberg TV interview last week in Davos....
...Oil and gas companies ConocoPhillips and Hess, alongside refining company Valero Energy, were among the best performing energy stocks by close of trading....
...Its contracted shipper, an integrated oil company, is “very keen” on the question of the export ban, said Joe McCreery, vice-president of finance....
...Joe Stanislaw, a veteran energy consultant now an adviser to Deloitte, warns that many of the touted benefits from the oil and gas revolution have yet to be realised....
...Valero Energy, a US refiner, has told analysts petrol exports were fuelled by demand in Mexico and Brazil....
...Joe Gorder, head of marketing and supply at Valero Energy, the US refiner, said this week that WTI should be dropped as a benchmark as it has “almost become irrelevant”....
...In the meantime, it is expected to eye assets including the US refining business of Valero Energy....
...“As we’ve said in the past, we believe the ethanol supply will be sufficient to meet demand,’’ says Joe Gorder, executive vice-president of marketing and supply at Valero, the US biggest refiner....
...Valero Energy , the oil refiner, rose 0.8 per cent to $67.12. The retail sector got a boost from a series of upbeat reports....
...A number of US oil companies including ExxonMobil, ChevronTexaco, El Paso and Valero are already being questioned about their role in the programme....
International Edition