Shift in Refinery could hurt Valero
Deutsche Bank Securities Inc. said on Monday that a shift in refining from the Gulf of Mexico to the Midwest and Great Plains could hurt companies like Valero.
Deutsche Bank said:
Our thesis is that the decline in Mexican and Venezuelan heavy oil supply will be offset by the rise in Canadian heavy oil supply.
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Wed, Oct 15, 2008
Post by Melissa Pistilli, Heavy Oil Senior Reporter