Heavy Oil Investing News » Pre-opening: Expert sees shift in refinery

Shift in Refinery could hurt Valero

October 15, 2008 @ 1:53 am In Heavy Oil Market News

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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