Of key interest to Venro's petroleum product division are bulk cargoes
of jet fuel, diesel, fuel oil, naphtha, gas oil, gasoline and petroleum
coke products. Through U.S. refinery processing arrangements, Venro
accesses international crude oil and unfinished petroleum products
(straight run fuel oils, catfeeds, lube oil, naphthas, etc.) for processing
at U.S. East and Gulf Coast locations. While opting for a greater
percentage of term purchase commitments from its refinery suppliers,
Venro also buys sizeable volumes of spot cargoes. Hedging the majority
of these combined volumes through the NYMEX futures market helps Venro
management lock in refinery margins and guard against the "downside."
Venro's U.S. refined petroleum products are typically delivered into
bulk markets through the pipelines, barges, and occasional truck transport.Venro
Supplies Fuel oil to utilities in U.S.A.