Chief Energy Advisor, Gulf Oil. Keynote speaker, co-founder of OPIS. Been covering energy markets since Jimmy Hoffa went missing. tkloza@klozaadvisorsllc.com
Let's put Valero purchase of LyondellBasell refinery in perspective. They are paying $320.5-million. That essentially matches the cost for the two refinery turnarounds staged by Irving Oil in 2023 and 2026. Quite a bargain price.