Valero Energy (VLO) says it has secured U.S. government permission to ship up to 90K bbl/day of...

|About: Valero Energy Corporation (VLO)|By:, SA News Editor

Valero Energy (VLO) says it has secured U.S. government permission to ship up to 90K bbl/day of Texas crude to Canada, joining other companies receiving similar licenses in light of rising output. CEO Bill Klesse told analysts last week the U.S. Gulf Coast is increasingly “flooding” with U.S. output: “There’s so much oil, it’s got to be moving... We're going to take some to Quebec.”