Valero, Chevron Buy Oil Off Trans Mountain in West Coast First [Financial Post (Toronto, Ontario, Canada)]
Valero Energy Corporation (VLO)
Last valero energy corporation earnings: 4/29 06:30 am
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Source: Financial Post
refineries, according to people familiar with the shipments, a sign that US West Coast may become a significant market for oil-sands crude. Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Valero Energy Corp. and Chevron Corp. are buying oil shipped through Canada's newly expanded Trans Mountain Pipeline system for their California refineries, according to people familiar with the shipments, a sign that US West Coast may become a significant market for oil-sands crude. The cargoes of Cold Lake crude, a heavy grade produced in the oil sands, will be loaded on Aframax tankers in June out of the Westridge Terminal near Vancouver, according to the people, who asked not to be identified because the information is private. Chevron and Valero didn't immediately respond to emails seeking comment. Article content Article content The shipments — the first sales off the expanded pipeline to Western US r
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