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Reuters: Trump seeking compromise deal on biofuels policy [Seeking Alpha]

VALERO ENERGY (VLO)  More Company Research Source: Seeking Alpha
Last valero energy earnings: 7/26 06:37 am Check Earnings Report
US:NYSE Investor Relations: investorvalero.com
PDF Reuters: Trump seeking compromise deal on biofuels policyPres. Trump told oil and corn industry representatives today that hesupported changing U.S. biofuels policy in a way that would limit costs to refiners while expanding sales of ethanol, Reuters reports.Sen. Grassley of Iowa, who attended today's meeting, said nothing was decided but that an “emerging solution” could include allowing for year-round sales of 15% ethanol blend for motor fuels.Senators Cruz and Toomey said they were “encouraged that Pres. Trump recognizes the importance of providing relief from crushing RINs costs" for oil refineries.Among companies represented at the meeting reportedly were Valero Energy (NYSE:VLO), Delta Air Lines' (NYSE:DAL) Monroe Energy, PBF Energy (NYSE:PBF), Philadelphia Energy Solutions and Green Plains (NASDAQ:GPRE).Traders say prices for RINs fell $0.10 to $0.53 each after the meeting.Click to subscribe to real-time analytics on DALNow read:Delta Air Lines Is A Worthy Investment » [Read more]

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