finance.yahoo.com

Valero Sees Favorable Refining Conditions Supporting Higher Margins

Valero Energy logoValero Energy
Sig1.55Sen+3.10Env0.00Soc0.00Gov0.00

Valero said its near-term outlook is supported by favorable refining fundamentals, citing lower light-product inventories and constrained excess global capacity. Management expects mid-cycle margins to stay above historical averages, helped by its complex coastal refining system and Gulf Coast flexibility to shift product yields. Valero also expects capacity setbacks in the Middle East to keep markets tight.

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