Valero Energy News

One worker was killed and two others were injured when a boiler failed at the Valero petroleum refinery in Texas City.

Petroleum companies have decided to indefinitely idle three refineries with combined capacities of 358,000 barrels per day because of poor market conditions.

Valero Energy Corp. has started work at its refinery in Paulsboro, N.J., that will reduce output by about 5.5 million barrels until the maintenance is finished in mid-January. The project, which started over the weekend, will cut East Coast refinery output 8 percent, according to data compiled by Bloomberg.

However, buyers lacked the potency to push through resistance near 2009 highs as participants lacked ahead of the Thanksgiving holiday.

Oil slipped to near US$77 a barrel Tuesday in Asia amid mixed signs about the global economy and crude demand.

Valero Energy Corp. said it flared gases at its Delaware City, Delaware, oil refinery as it shut a gasoline-making unit ahead of the permanent closure of the plant, the company said in a filing with state regulators.

William Klesse, chief executive of oil refiner Valero Energy, is riled up. "I think cap-and-trade is ludicrous," he says.

Reliance Industries Ltd. a s bid for bankrupt LyondellBasell Industries AF would give Indiaa s biggest company a low-priced U.S. refinery, mimicking successful strategies by Valero Energy Corp.

Ultramar Ltd.'s refinery near Quebec City should avoid the same fate as another plant run by its U.S. parent, a petroleum consultant said Monday.

Rising oil prices and slack demand for gasoline add up to difficult times in the refining business, as energy-industry analysts see more investment opportunity in the production of oil itself than in the process of making and selling gasoline, heating oil and diesel fuel.

Valero Energy Corp. announced Friday that it will permanently close its Delaware City refinery, causing 550 workers to lose their jobs.

Speculation about a correction in oil prices -- potentially on a scale of $10 to $15 a barrel -- hung over energy stocks Friday, as the sector extended losses from the previous session.

Refineries from New Mexico to New Jersey are under severe economic pressure because of falling demand for fuel, with a number of facilities shutting down in recent months.

Valero Energy Corporation announced today it intends to permanently shut down its Delaware City refinery due to financial losses caused by very poor economic conditions, significant capital spending requirements and high operating costs.

Coming online in 2010, the facility is expected to have the capacity to generate 250,000 gallons per year of advanced biofuels and bio-based chemicals.

Oil refiner and marketer Western Refining Inc. reported weaker-than-expected third quarter results, pulled down by lower margins and throughput on the back of weak fuel demand and high inventories caused by the prolonged economic slowdown.

Tasked with turning around declining enrollment in St. Mary's University's MBA program, new dean Tanuja Singh knows she can't count solely on American students, a pipeline that will begin thinning as the baby boom "echo" moves into adulthood.

ETF Spotlight on iShares Dow Jones U.S. Oil & Gas Exploration Index , part of a weekly series.

The Company will hold a conference call on Tue... MELVILLE, N.Y.-- --Park Electrochemical Corp.

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