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...It is one of the biggest western refining companies, with 12 plants spread across the US and Europe....
...Much of his firepower derives from a humble source: a small oil refining and nitrogen fertiliser company in the US heartland....
...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....
...executive of large refining company Valero Energy, said in an earnings call last month....
...However, investors scored a win at Valero Energy, a fuel refining and retail company, which agreed to make pay changes based on climate without a shareholder vote....
...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....
...“As long as inventories remain low, you would expect that to translate into a very strong refining margin environment,” said Joseph Gorder, chief executive of refiner Valero, referring to the profit margins...
...In letters sent to seven oil companies including ExxonMobil, BP, Shell and Valero, Biden called for “immediate actions” to supply more fuel, and said the administration was prepared to use “all reasonable...
...China also accounts for 60 per cent of the world’s lithium refining. “The Germans make a lot of this stuff. The Chinese make a lot of this stuff....
...Valero Energy, a Texas-based refining company which imports heavily from Russia, has reportedly suspended all future purchases of Russian oil....
...You had governments literally shut down their economies globally,” Garland said at the company’s headquarters in Houston last week. Garland said that refining companies were still under pressure....
...But the energy sector is just whetting its appetite in the vegetable oil market, according to analysts and public announcements from refining companies....
...Some refiners, including New York-listed Valero, were seeking to park fuels on vessels, said S&P Global Platts. Valero did not respond to a request for comment....
...All told, up to 500,000 b/d has been cut from gulf refining runs, said market sources. Valero and Motiva didn’t respond to requests for comment....
...Refineries in Lake Charles owned by Phillips 66 and Citgo Petroleum were halted, as were others in Texas owned by Motiva Enterprises, ExxonMobil, Valero Energy, Total and Chevron, S&P said....
...Marathon Petroleum, Phillips 66 and HollyFrontier are among the refining companies exploring or pursuing projects to produce “renewable diesel”, which can substitute petroleum-based diesel in trucks and...
...Marathon’s refining segment suffered a $1bn ebitda loss in the second quarter. It lost money in the first quarter, too....
...This week Valero, a US refining company, announced a deal to expand its fuel tank capacity in Mexico, a leading market for petrol exports....
...A hefty investment by Saudi Aramco in the refining and chemicals business of Reliance will help billionaire owner Mukesh Ambani pursue his mission to build up Jio, his mobile phone company....
...But the explosion in US energy production has been good for roughnecks in oil refining too....
...The rise in US exports to the UK has been driven primarily by two US-based companies, ExxonMobil and Valero, which own two of the six oil refineries still operating in the UK....
...They will also force US refining companies that have been customers for Venezuelan crude, including Valero Energy, to find other sources for the heavy oil they have been buying from PDVSA....
...ExxonMobil’s Fawley refinery and Valero’s Pembroke plant have both been consistent users of shale, according to Clipper Data....
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