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Fly News Breaks for January 21, 2016
VLO, TSO, PBF
Jan 21, 2016 | 13:20 EDT
Macquarie analyst Vikas Dwivedi would be buyers of coastal refiners PBF Energy (PBF), Tesoro (TSO), and Valero (VLO). The analyst said recent weekly gasoline inventory builds, while higher than average, are in-line with seasonal trends. Additionally, Dwivedi believes declining emerging market growth will have a bigger impact on diesel demand and less of an impact on gasoline demand.
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