Lower demand causes Tesoro to adjust refinery output

02/22/2009 | Reuters

Tesoro expects output at its seven refineries to be down by between 33,000 and 73,000 barrels per day in the first quarter of 2009. With gasoline demand lower because of a slowing economy, Tesoro in the fourth quarter reduced its use of light crude by 4% in favor of less expensive heavier crudes and boosted distillate production instead of making gasoline.

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