Refiner Valero posts smaller loss than feared as demand rebounds
03.08.2020
MOSCOW (MRC) -- Independent US refiner Valero Energy Corp reported a smaller-than-expected quarterly loss on Thursday, adding that it saw "a rapid recovery" in demand for its products as the quarter progressed, reported Reuters.The results, which kicked off US refining earnings, failed to lift investor sentiment as shares of the company and other refiners fell 3% to 7%, dragged down by o