Friday, June 15, 2007

Oil Is Little Changed Amid Concern U.S. Refiners Won't Meet Fuel Demand

(Bloomberg) -- Crude oil in New York was little
changed amid concern that U.S. refiners will be unable to keep
up with growing gasoline demand.

Valero Energy Corp. shut a unit at its Corpus Christi,
Texas, refinery yesterday, according to a state-administered Web
site. Refineries in the U.S. and Canada have unexpectedly shut
units this spring, paring gasoline production for the peak-demand
driving season. U.S. refineries reduced operating rates the past
three weeks, an Energy Department report on June 13 showed.


Read more at Bloomberg Commodities News

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