Valero, Marathon Petroleum lar

2022-07-13

Valero, Marathon Petroleum largest buyers in Strategic Petroleum Reserve sale

Valero Energy's (NYSE:VLO) $Valero(VLO)$marketing and supply company was the largest buyer of crude oil in the latest sale from the U.S. Strategic Petroleum Reserve on Monday, acquiring more than 10M barrels.

A total of 14 companies were awarded contracts, including Marathon Petroleum (NYSE:MPC)$Marathon(MPC)$, Motiva Enterprises, Exxon Mobil (XOM)$Exxon Mobil(XOM)$and Equinor (EQNR)$Equinor ASA(EQNR)$, each of which won 3M-6M barrels of oil.

The latest sale offered up to 45M barrels, but companies bought only ~39M barrels.

The companies will take delivery of between August 16 and September 30, the Energy Department said.

The Biden administration unveiled its plan in March to release a record 1 M bbl/day of oil for six months from the SPR.

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Comments

slsong
2022-07-13
slsong
感觉有点危险
- Bin8:
  ok
Moolele
2022-07-13
Moolele
Unpredictable markets 😅
TooYoung
2022-07-13
TooYoung
thanks for sharing
GerryLoh
2022-07-13
GerryLoh
good sharing thanks
b1uesky
2022-07-13
b1uesky
thk for sharing
Mungerism
2022-07-13
Mungerism
Thanks for sharing this

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