Valero, Tesoro CEOs see balanced US oil products market

摘要

San Diego, California—The large number of refin-ery shutdowns in the US has helped balance outany oversupply of oil products in the US, ValeroEnergy CEO Bill Klesse said, adding that marginsduring the upcoming summer driving seasonwere likely to be “reasonable” for gasoline.”I’m optimistic we’ll have reasonable mar-gins,” Klesse said March 13 on the sidelines ofthe American Fuel & Petrochemical Manufactur-ers annual meeting. “And there’s no questionin my mind that the US market is oversuppliedand [close to 1 million b/d of East Coast USrefinery closures] have helped to balance” it.