YGRN - Valero: Global Oil Volatility Not Baked In Risk Profile Increasing
Valero (VLO) is an energy company which focuses on downstream plays in the oil markets (USO). The industry as a whole has been facing some longer-term issues since 2015, but has recovered nicely over the past few years as OPEC nations control production to stabilize the market.
However, recent news, including Russia overproducing and the global slowdown, has shifted the conversation about lower oil prices to a whole other level. It was rather inevitable that the market is going to reverse, as most of the OPEC nations rely on