Category Archives: Valero

Valero’s stock drops on project delays

Valero, the nation’s largest independent refiner, said its plan to expand hydrocrackers at its Port Arthur refinery and St. Charles plant in Louisiana would be delayed until 2018 instead of 2015. Continue reading

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Renewable fuel pays off for some oil refiners

The rising cost of renewable fuel credits turned out to be good economic news for some oil companies, especially those who are producing biofuels and have blending capacity. Continue reading

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Kinder Morgan, Valero complete Gulf Coast pipeline

Valero and Kinder Morgan Energy Partners LP have completed a $250 million, 141-mile pipeline that will transport refined petroleum products from plants just west of New Orleans, including Valero’s St. Charles refinery, to a petroleum transportation hub in Collins, Miss. Continue reading

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Valero revamps approach to renewable energy

The San Antonio refiner has quietly pulled out of a partnership to build a cellulosic ethanol plant while a second plant in which it’s a partner started producing renewable diesel this summer. Continue reading

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Valero’s convenience store spin-off reports slight revenue drop

Customers may see new soda and electronic cigarette offerings at some of CST Brands Inc.’s convenience stores as the San Antonio-based company aims to increase same-store sales in the second half of the year. Continue reading

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Valero spinoff reports slight decrease in revenues

CST Brands Inc. reported Tuesday revenues of $3.2 billion for the second quarter of 2013, a slight decrease from the same period last year. Continue reading

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EPA lowers target for cellulosic biofuels in gasoline

The Obama administration on Tuesday formally told refiners to blend 16.55 billion gallons of renewable fuels into the nation’s gasoline supply this year, while paring some targets that the oil industry had criticized as too ambitious. Continue reading

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Lawmakers debate cause of rising gas prices

During a Senate committee hearing Tuesday, some speakers took aim at the federal renewable fuel mandate to explain high gas prices. Others blamed refinery outages and the global crude market for keeping oil and gasoline prices high, even as domestic oi… Continue reading

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Oil industry pushes Congress to axe biofuel mandate (video)

The American Petroleum Institute is ratcheting up its campaign against the eight-year-old renewable fuel standard with new nationwide advertisements and a website casting the mandate as something only a mechanic would love. Although the group has been … Continue reading

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Valero warns on second-quarter profit

Valero Energy Corp. warned Thursday its second-quarter profit will fall below estimates because of higher costs and shallower discounts for heavy sour crude oil. Continue reading

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