UPDATE 2-U.S. offers 11 mln barrels of oil for sale from strategic reserve [Reuters]
Valero Energy Corporation (VLO)
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Source: Reuters
UPDATE 2-U.S. offers 11 mln barrels of oil for sale from strategic reserve | Reuters 3 Min Read (Adds comments, details on where release will take place) By Devika Krishna Kumar NEW YORK, Aug 20 (Reuters) - The U.S. Department of Energy (DOE) is offering 11 million barrels of oil for sale from the nation’s Strategic Petroleum Reserve (SPR) ahead of sanctions on Iran that are expected to reduce global supplies of crude. The delivery period for the proposed sale of sour crudes will be from Oct. 1 through Nov. 30, according to Monday’s notice. The U.S. government has introduced financial sanctions against Iran which, beginning in November, also target the petroleum sector of OPEC’s third-largest producer. The sale appears to be designed to show the Trump administration is taking measures to restrain energy price increases ahead of the sanctions, one crude trader told Reuters. U.S. crude was up by 45 cents at $66.36 a barrel in afternoon trading on Monday. As a shale boom helped domestic
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VLO
News
- Valero Energy Co. (NYSE: VLO) had its price target raised by analysts at Citigroup Inc. from $160.00 to $192.00. They now have a "buy" rating on the stock.MarketBeat
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- Valero Energy Co. (NYSE: VLO) had its price target raised by analysts at Scotiabank from $138.00 to $165.00. They now have a "sector outperform" rating on the stock.MarketBeat
VLO
Earnings
- 1/25/24 - Beat
VLO
Sec Filings
- 3/26/24 - Form ARS
- 3/26/24 - Form DEFA14A
- 3/26/24 - Form DEF
- VLO's page on the SEC website