UPDATE 1-Valero's St. Charles FCC reaches planned rates

Fri Jan 9, 2009 2:59am IST

Related Topics

Stocks

   
Inside the Peshawar school

Inside the Peshawar school

The aftermath inside the Pakistan school where at least 132 students and nine staff members were killed by Taliban gunmen.  Pictures 

(Adds details, quotes, background)

NEW YORK Jan 8 (Reuters) - Valero Energy Corp (VLO.N) said on Thursday that a 100,000 barrel-per-day fluid catalytic cracker at its refinery in St. Charles, Louisiana, had reached planned rates after its restart this week.

"It's at planned rates," Bill Day, a spokesman for the largest U.S. refiner, said in an email, without specifying what the planned rates were.

The gasoline-making unit at St. Charles was shut in mid-December for repairs and was restarted early Tuesday.

A small 20,000 bpd FCC at the Valero refinery east plant in Corpus Christi, Texas, remained down due to economic reasons, Day said. The unit was brought down early last month.

Last week, he said FCC units at seven other Valero refineries continued to run at lower rates due to weak profit margins from producing motor fuel.

"We haven't provided an update on FCC run rates and probably won't until our earnings conference call at the end of the month," Day added in his email on Thursday.

Gasoline margins have recovered from deep declines, with the February RBOB gasoline crack spread RB-CL1=R at about $4 on Thursday afternoon. (Reporting by Haitham Haddadin; Editing by Walter Bagley)

FILED UNDER:

Economic Pulse

REUTERS SHOWCASE

Hope for SpiceJet

Hope for SpiceJet

Former SpiceJet owner leading rescue plan: reports.  Full Article 

Oil Prices

Oil Prices

Oil rallies above $60, heads for 4th weekly decline on glut.  Full Article 

New Airline

New Airline

Tata, Singapore Air venture Vistara to take off on Jan 9.  Full Article 

Reuters Exclusive

Reuters Exclusive

Google aiming to go straight into car with next Android – sources.  Full Article 

Chinese Economy

Chinese Economy

China revises up size of 2013 economy, sees no effect on 2014 growth.  Full Article 

Reuters Poll

Reuters Poll

BSE Sensex to hit 32,980 by December 2015  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage