US refiners expected to profit handsomely from robust prices,production

摘要

The high price of gasoline,distillate and even residual fuel,along with unusually strong output,could mean all-time record profits for US refiners in the second quarter,analysts say.That view was reinforced June 17 by big downstream independent Valero Energy,with 12% of US downstream capacity at 2.4-mil b/d.Valero said it will earn more than US3/share in the June 30 quarter,well above estimates of US2.55.For the year,Valero said consensus of US7.51/share"remains too low."