Headline Details

UPDATE 3-Valero swings to loss on $2 bln inventory hit as coronavirus saps fuel demand

Published on: Wed, 29 Apr 2020 17:01:00 UTC
News Agency: Reuters
Description:
Valero Energy Corp on Wednesday reported a quarterly loss due to $2 billion inventory writedowns, shining a spotlight on the sharp decline in fuel demand that is expected to drag on refining margins in the sector.

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