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AlwaysFree: Valero Announced Refining Level Targets for Q4

Author: SSESSMENTS

On Thursday, Valero Energy Corp. announced its refining level targets for the fourth quarter of 2021 at between 88% and 92% of the 3.2 million bpd nameplate capacity for its 14 refineries.

The company’s seven refineries in the US Gulf Coast are set to operate between 90-93% of their total capacity of 1.9 million bpd.

Going forward, Valero is optimistic regarding motor fuels demand which has been improving to a pre-pandemic level this year as inventories have fallen.

Executive VP Gary Simmons estimated that in the latter half of 2022, jet fuel demand should return to 2019 levels. So far, it has moved above 80% of 2019 levels.

Tags: All Products,AlwaysFree,Americas,Crude Oil,English,US

Published on October 22, 2021 6:31 PM (GMT+8)
Last Updated on October 22, 2021 6:31 PM (GMT+8)