Valero Energy Corp (VLO.N)
26 Aug 2016
NEW YORK/HOUSTON LyondellBasell Industries NV has retained Bank of America Merrill Lynch to help with the potential sale of its 263,776 barrel-per-day refinery in Houston, according to two people familiar with the talks.
NEW YORK/HOUSTON, Aug 25 LyondellBasell Industries NV has retained Bank of America Merrill Lynch to help with the potential sale of its 263,776 barrel-per-day refinery in Houston, according to two people familiar with the talks.
* H. Paulett Eberhart and Kimberly S. Greene have been elected to company's board of directors. Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)
LONDON, July 28 The accumulation of gasoline stocks in the United States has been driven by excess gasoline production rather than lack of demand, according to Valero, the largest independent refiner in the United States.
NEW YORK, July 26 Valero Energy Corp, the largest U.S. refiner, expects to get hit with a half-billion-dollar bill in the second half of the year thanks to the rising cost of meeting government mandates to blend biofuels.
* Sees 2016 biofuel blending costs at $750 mln-$850 mln (Adds details)
* On Canada wildfires - "We fully recovered from those fires so far" - Conf Call Further company coverage:
* The company's costs of biofuels blending have risen in 2016, totaling $173 million in the second quarter versus $56 million during the same period in 2015
July 26 U.S. refiner Valero Energy Corp's quarterly profit fell nearly 40 percent due to lower refining margins as elevated gasoline stockpiles offset healthy demand.
Valero Energy Corp said on Tuesday it bought Kinder Morgan Inc's 50 percent stake in Parkway Pipeline LLC, previously a joint venture between the two companies.
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