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Some say it’s not realistic to suggest that the United States will stop importing oil entirely, because of the nation’s dependence on the broader global economy.
On Thursday, Valero President Joe Gorder said the company is considering shipping by rail 30,000 barrels a day of heavy sour Canadian crude to its 135,000-barrel-a-day Wilmington plant.
San Antonio-based NuStar Energy LP says it’s checking out all its legal options in a dispute with TexStar Midstream Services LP, which has backed out of the second of two deals to sell assets to NuStar.
Going to work as an elementary-school kid can be a good thing, teaching lessons a child can take into the workplace — a big-time workplace.
The Lone Star State is earning a new moniker: Saudi Texas. Oil production in Texas is soaring, jumping to an average 2.139 million barrels a day in November — the best showing in more than 25 years.
Tesoro Logistics LP logged higher net income in the fourth quarter in part because its pipelines handled greater volumes of crude oil from the Bakken Shale.
San Antonio-based Tesoro Corp. swung to a profit in the fourth quarter, but its earnings were diminished by a charge related to its decision to close its refinery in Hawaii.
Valero Energy Corp. has advantages over its competitors because of the San Antonio refiner’s increasing production of high-margin distillates and its low operating costs, CEO Bill Klesse said Wednesday at a conference.
Hedging losses and canceled capital projects led to a fourth-quarter loss for San Antonio-based pipeline company NuStar Energy LP.
San Antonio-based Valero Energy Corp. on Tuesday logged its highest fourth-quarter earnings per share since 2005, as profit more than doubled because of higher margins in all areas where the company does business.