Valero sees better ethanol margins ahead in Q2

May 5, 2016 |

In Texas, Valero reported that it expects ethanol margins to improve during the second quarter after having fallen to 35 cents per gallon during Q1, down from 43 cents during Q1 2015. The lower margins cut Q1 adjusted operating income for the ethanol segment to $9 million compared to $12 million the year prior. Hopes for better margins in Q2 are pinned on the back of expectations for higher gasoline and petroleum prices during the period. To take advantage of those higher margins, the company expects to boost its production during Q2 too as well.

Category: Fuels

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