Tesoro follows other refiners with loss for third quarterLower margins, imports lead to red ink; company also paying higher interest and financing following refinery purchase Allen Baker PNA Contributing Writer
Tesoro Petroleum Corp. followed the pattern for refiners with a loss of $15.8 million for the third quarter, compared with a profit of $32.8 million in the third quarter of 2001. The company lost $17.9 million in the second quarter.
Refiners and the refining operations of the majors have posted los....
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Crude prices higher Gasoline sales up, but margin down
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