New Zealand Herald (Free subscription) | 22/11/2009
WILMINGTON - Refineries across the United States are under severe economic pressure because of falling demand for fuel, with a number of facilities shutting down in recent months.Valero Energy Corporation, which shuttered a major...
SeekingAlpha Energy Stocks (Free subscription) | 22/11/2009
Edward Harrison submits: Valero Energy ( VLO ) has just announced it is shutting down its Delaware City Refinery. This is a major news announcement because refiners should be seen as a canary in the coalmine for end-user demand and Valero is one company in the oil patch which has been loath to cut workers to improve the bottom line. This announcement is an indicator that, despite a technical recovery,...
Indian Express (Free subscription) | 21/11/2009
Reliance Industries Ltd, which is eyeing multi-fold growth and a more widespread global footprint, is targeting US oil refining & marketing companies like Tesoro Corp, Delek US Holdings, Sunoco Inc and Valero Energy Corp for possible acquisition, says Macquarie Research in a new report. The acquisition target so far doing the rounds was troubled petrochemical major LyondellBasell, which is going...
The Washington Times (Free subscription) | 21/11/2009
WILMINGTON, Del. (AP) | Refineries from New Mexico to New Jersey are under severe economic pressure because of falling demand for fuel, with a number of facilities shutting down in recent months. Valero Energy Corp., which shuttered a major refinery over the summer, said Friday it would permanently close its Delaware City oil refinery and lay off 550 workers. It is the largest refinery in the U.S....
Philadelphia Inquirer (Free subscription) | 21/11/2009
Oil-refinery workers on the Delaware River yesterday received their second big blow in six weeks, when Valero Energy Corp. said it would close its operation in Delaware City, Del., casting 550 out of work.
Law Blog - WSJ.com (Free subscription) | 21/11/2009
Valero Energy said it plans to close its Delaware refinery after failing to find a buyer for the facility at a time when refiners are contending with weak demand.
BBC News (Free subscription) | 20/11/2009
Valero Energy announces it is permanently closing its oil refinery in Delaware City, with the loss of 550 jobs.
The Memphis Business Journal (Free subscription) | 20/11/2009
Valero Energy Corp. said Friday that it will permanently close the company’s Delaware City, Del., refinery due to ongoing financial losses. The shutdown will affect 550 employees at the plant. (VLO)
Market Watch (Free subscription) | 20/11/2009
NEW YORK (MarketWatch) -- Crude futures fell Friday for a second session, reducing their weekly gains as a rebounding dollar and weaker stock markets continued to weigh on commodities trading. Crude for December delivery, which expired Friday, fell 74 cents, or 1%, to $76.72 a barrel on the New York Mercantile Exchange. The contract ended the week up 0.5%, having put together a winning streak from...
The Star-Ledger (Free subscription) | 20/11/2009
Valero Energy Corp last month announced it was cutting 100 jobs from plant in Paulsboro
iStockAnalyst.com (Free subscription) | 20/11/2009
Valero Energy has just announced it is shutting down its Delaware City Refinery. This is a major news announcement because refiners should be seen as a canary in the coal mine for end-user demand and Valero is one company in the oil patch which has been loath to cut workers to improve the bottom line. [More...]
The San Antonio Business Journal (Free subscription) | 20/11/2009
Valero Energy Corp. said Friday that it will permanently close the company’s Delaware City, Del., refinery due to ongoing financial losses. The shutdown will affect 550 employees at the plant. (VLO)
The Composed Gentleman (Free subscription) | 20/11/2009
Sad news for the company and the employees of Valero Delaware City Refinery. Reflecting currently poor demand for refined products, Valero Energy Corp, the largest independent U.S. refiner, said that it will permanently close its Delaware City, Delaware, refinery because of the weak economic conditions.The Wall Street Journal says:During the economic downturn, the Delaware City refinery went from
Miami Herald (Free subscription) | 20/11/2009
Valero Energy says it is permanently closing its Delaware oil refinery, where 550 workers will lose their jobs.
Seattle Times (Free subscription) | 20/11/2009
Valero Energy says it is permanently closing its Delaware oil refinery, where 550 workers will lose their jobs.
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