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The United Steel Workers union could authorize a strike against US refineries that produce about one-third of the country’s daily…
One of the largest crude oil refiners in the US, Tesoro Corp. (NYSE: TSO), this morning lowered its earnings guidance…
The announcement from Enbridge Inc. (NYSE: ENB) that it would acquire the 50% stake in the Seaway pipeline system owned…
The markets opened lower this morning and not until mid-afternoon were equities able to put a mark above yesterday’s close.…
Two major oil refiners have reported third-quarter earnings since the market closed last night. Both posted better-than-expected earnings primarily due…
In the week ended September 16th, the US exported more refined products than it imported. Year-over-year, the US is now…
The refining business has been in the news a lot recently for two things. One, it’s making money again. Two,…
Beginning in the early 1990s, integrated oil companies and some independents began stripping away their midstream assets like interstate pipeline…
So far this year we’ve noted a couple of major spin-offs in the energy section. Marathon Oil Corp. (NYSE: MRO)…
This past weekend’s startling developments in Libya hit the crude oil markets almost instantly. Brent crude in Europe fell to…
As the markets swoon today from Friday night’s downgrade of US debt, Standard & Poor’s is making other changes to…
The price for WTI crude oil fell below $83/barrel momentarily today as the market takes another shellacking, down around 200…
When Kraft Foods Inc. (NYSE: KFT) announced its deal to acquire Britain’s Cadbury in May 2010, investor Warren Buffett proclaimed…
Analysts at a number of investment banks suggest that BP plc (NYSE: BP) follow the lead of ConocoPhillips Corp. (NYSE:…
Looks like the whispers we were hearing yesterday about a split-up of some sort at oil major ConocoPhillips Corp. (NYSE:…
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