Refiner Valero posts smaller loss than feared as demand rebounds

Refiner Valero posts smaller loss than feared as demand rebounds
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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

Full article at mrcplast.com

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