Valero Energy (VLO) has an average rating of overweight and mean price target of $253.59, according to analysts polled by FactSet.
(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Austrian oil and gas company OMV (OMV.VI) denied breaking new fuel price reduction rules in Austria, Reuters reported Tuesday.Under the government's measures, petrol and diesel prices were to be cut by 0.05 euro per liter through a tax reduction. Partially state-owned OMV announced a reduction of 0.028 euro per liter for diesel, the report said.OMV told Reuters it is complying with the rules, noting that its calculation differs when accounting for fuel imported into Austria rather than refined locally.