financetom
Business
financetom
/
Business
/
Market Chatter: Valero Energy, Chevron to Buy Oil Via Canada's Trans Mountain Pipeline
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Market Chatter: Valero Energy, Chevron to Buy Oil Via Canada's Trans Mountain Pipeline
Apr 19, 2024 10:48 AM

01:21 PM EDT, 04/19/2024 (MT Newswires) -- Valero Energy ( VLO ) and Chevron ( CVX ) are set to buy oil shipped through Canada's Trans Mountain pipeline system for their refineries in California, Bloomberg News reported Friday, citing unnamed people familiar with the matter.

The cargoes of Cold Lake crude will be loaded out of a terminal near Vancouver in June, the report added.

The pipeline, which has undergone an expansion, is set to enter commercial operation on May 1, the report said.

Valero Energy ( VLO ) and Chevron ( CVX ) did not immediately reply to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Looking At Zscaler's Recent Unusual Options Activity
Looking At Zscaler's Recent Unusual Options Activity
Jul 15, 2024
Deep-pocketed investors have adopted a bullish approach towards Zscaler ( ZS ) , and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in ZS usually suggests something big is about to happen. We gleaned this information from...
Meta Platforms Unusual Options Activity For July 15
Meta Platforms Unusual Options Activity For July 15
Jul 15, 2024
Financial giants have made a conspicuous bearish move on Meta Platforms ( META ). Our analysis of options history for Meta Platforms ( META ) revealed 47 unusual trades. Delving into the details, we found 42% of traders were bullish, while 46% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $471,439,...
Swiss authorities draw flak in Credit Suisse probe, report says
Swiss authorities draw flak in Credit Suisse probe, report says
Jul 15, 2024
ZURICH (Reuters) - Preliminary findings in an eagerly awaited parliamentary report into the 2023 collapse of Credit Suisse have identified serious failings by Swiss regulatory authorities leading up the bank's demise, a Swiss newspaper reported on Sunday.     Citing sources inside the parliamentary committee drawing up the so-called PUK report, SonntagsZeitung said financial market regulator FINMA, the Swiss National...
What's Going On With C3.ai Stock?
What's Going On With C3.ai Stock?
Jul 15, 2024
C3.ai, Inc. ( AI ) shares are moving Monday. The company introduced its C3 Generative AI for Government Programs application before the opening bell. The Details: C3.ai ( AI ) said the new application uses generative AI to help federal, state, and local governments deliver information to the public about government programs by streamlining access and comprehension of complex government...
Copyright 2023-2026 - www.financetom.com All Rights Reserved