Valero

Valero Set To Profit from IMO 2020

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  • $200 crude and epic economic collapse predicted when shipping industry regulation goes into effect Jan. 1, 2020.
  • Oil prices are down from a year ago and the stock market is a record high.
  • Shipping companies and OPEC see no supply problem looming.
  • Valero is positioned to profit if oil prices spike.

If middle distillate or gasoline prices do surge, Valero is a good bet to prosper, says an article published in Seeking Alpha.

IMO 2020

The International Maritime Organization (“IMO”) regulates many...

http://mfame.guru/valero-set-to-profit-from-imo-2020/

US Refiners Increase HSFO Throughput as IMO 2020 Approaches

  • US refiners are looking to blendstocks and feedstocks as they create and market their own low-sulfur marine fuel ahead of 2020.
  • The production averaged 344,000 b/d, according to US Energy Information Administration data, with some going to the export market.
  • EIA data showed 4.4 million barrels were exported in July 2019.
  • Valero’s total system third quarter residual and blendstock throughput was 238,000 b/d and 298,000 b/d, respectively.

According to an article published in Platts, in addition...

http://mfame.guru/us-refiners-increase-hsfo-throughput-as-imo-2020-approaches/

Valero Energy Predicts Favorable Market Conditions for Gasoline and Distillate Cracks

Valero expects gasoline and diesel cracks to maintain in the fourth quarter the upward momentum seen at the end of the third quarter as the IMO 2020 deadline nears, reports Platts and Reuters.

IMO regulatory standards

“We expect to see continued product strength with inventories at lower levels and sour crude weakness resulting from the IMO low-sulfur fuel oil mandate, which goes into effect on January 1, 2020,” Chief Executive Joe Gorder said in a statement.

U.S. refiners have been revamping...

http://mfame.guru/valero-energy-predicts-favorable-market-conditions-for-gasoline-and-distillate-cracks/