(Bloomberg) -- Oil futures rose on concern that
refinery maintenance in the U.S. will limit increases in
gasoline supplies and OPEC's reluctance to boost output will
reduce crude stockpiles.
Valero Energy Corp., the largest U.S. refiner, closed two
gasoline production units at processing plants in Louisiana and
Houston yesterday. The Organization of Petroleum Exporting
Countries doesn't see the need to increase production amid ample
crude supplies, Abdalla el-Badri, the group's secretary general,
said in an interview in London yesterday.
Read more at Bloomberg Energy News
refinery maintenance in the U.S. will limit increases in
gasoline supplies and OPEC's reluctance to boost output will
reduce crude stockpiles.
Valero Energy Corp., the largest U.S. refiner, closed two
gasoline production units at processing plants in Louisiana and
Houston yesterday. The Organization of Petroleum Exporting
Countries doesn't see the need to increase production amid ample
crude supplies, Abdalla el-Badri, the group's secretary general,
said in an interview in London yesterday.
Read more at Bloomberg Energy News
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