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home / news releases / VLO - Houston outages drive refinery shares higher

VLO - Houston outages drive refinery shares higher

Valero Energy Corporation
Flaring at Valero's (NYSE:VLO) Houston refinery sent columns of smoke across the city Monday morning, as safety conditions required burning excess material at the plant.  Valero said operating conditions were impacted by third-party power outages along the Houston Ship channel. Starting Friday, storm-related power outages shut down operations at Marathon's (NYSE:MPC) Galveston Bay refinery and Valero's Texas City refinery. With oil product inventories near record lows, and operational challenges in Houston, refinery stocks are trading higher today; PBF (NYSE:PBF), Phillips (NYSE:PSX), and Delek (NYSE:DK) all trading up 1-6% with the S&P 500 index trading ~flat.

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Houston outages drive refinery shares higher
Stock Information
Company Name: Valero Energy Corporation
Stock Symbol: VLO
Market: NYSE
Website: valero.com
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