Crashing Fuel Demand Leads To Large Loss For This Big U.S. Refiner

U.S. refiner Valero Energy Corporation (NYSE: VLO) reported on Wednesday. A net loss of $1.9 billion for Q1, compared to a profit for an equivalent period last year, after it took a $2-billion hit within the value of its inventory. Valero Energy posted a net loss due to Valero stockholders of $1.9 billion, or $4.54 … Read more

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