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Valero Energy Hunkers Down in Challenging Sour Crude Refining Market

BNet Energy, 28 July 2009

Valero Energy may slow production and keep its Aruba refinery plant closed as it prepares to weather a storm of continued weakened global demand, narrowing diesel and jet fuel margins and lower sour crude discounts. The U.S. oil refiner’s second-quarter earnings fell to a loss of $254 million, or 48 cents