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VLO - Merchant Refiners' RIN Expenses Are Rebounding Strongly In 2020
Valero Energy Corporation
U.S. merchant refiners have reported a mixed bag of Q2 earnings in recent weeks as better-than-expected results for many (but not all) of them collided with the ongoing effects of the COVID-19 pandemic on U.S. refined fuels demand. Only the share prices of Calumet Specialty Products Partners (CLMT) and Marathon Petroleum (MPC) have achieved gains since July 1, with the latter example being attributable to a major asset sale. The share prices of CVR Energy (CVI), Delek US Holdings (DK), HollyFrontier (HFC), PBF Energy