The oldest refinery on the US East Coast will not be closing in August. The refinery’s owner, Sunoco Inc. (NYSE: SUN) today announced that it would form a joint venture ... Read Full Story »
The current drop in crude oil prices is putting a little more cash in the pockets of consumers at the expense of the big integrated oil and refining companies. The ... Read Full Story »
As of about 9:30 this morning, Brent crude is trading at its lowest price in three months, and the price differential between Brent and WTI crude closed to about $12/barrel ... Read Full Story »
The major US stock indexes opened mostly flat this morning following a softer-than-expected report from the Institute for Supply Management on non-manufacturing growth (our coverage here). The report on new ... Read Full Story »
The major US stock indexes opened lower this morning following dismal reports from Europe on manufacturing (our coverage here) and unemployment (more coverage here). The ADP report on US unemployment ... Read Full Story »