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Venezuelan outages, Canadian oil help US refiners
07/19/2010
Refinery problems in Venezuela and increased deliveries of crude oil from Canada are brightening the outlook for US refiners, says Deutsche Bank Securities Inc.Interruptions of refining in Venezuela have reduced product shipments to the US, created demand for exports by the US, and increased the availability of heavy crude that Venezuela's refineries normally would run.Deutsche Bank reported "numerous" Venezuelan upsets, including:• Idling of Petroleos de Venezuela SA's 335,000-b/d Isla refinery in Curacao, Netherlands Antilles, until at least September because of major boiler maintenance.• Nationwide rationing of electricity and outages, which hurt all Venezuelan refi...
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