Beginning in the early 1990s, integrated oil companies and some independents began stripping away their midstream assets like interstate pipeline and gathering systems to focus more on the money-making parts of the…
Crude oil refining doesn’t get much respect. The business is cyclical to the point of fickleness and it is often a drag on the profits of integrated oil & gas companies. Maybe…
This past weekend’s startling developments in Libya hit the crude oil markets almost instantly. Brent crude in Europe fell to around $105/barrel at one point, while WTI crude has gained about half…
What will happen to ethanol makers when the US subsidy ends in December, as appears increasingly likely? Bunge Ltd. (NYSE: BG) apparently believes that demand will continue strong, at least in Brazil…
Hot, dry weather is now expected to reduce the US corn harvest and lift consumer prices for everything from breakfast cereal to pump prices at the local service station. Agricultural stocks from…
High prices have finally contributed to curing high prices in the world’s crude oil market. The gloomy economic forecasts for the second half of 2011 have combined with $120/barrel prices for Brent…
Yesterday’s crashing market sent crude oil to its lowest close in eight months. WTI crude fell even further this morning, to below $76/barrel before turning around to rise above $82/barrel at mid-morning.…
As the markets swoon today from Friday night’s downgrade of US debt, Standard & Poor’s is making other changes to its debt ratings. One sector that is unchanged is oil and gas,…
The price for WTI crude oil fell below $83/barrel momentarily today as the market takes another shellacking, down around 200 points just before noon. Both crude and the wider market are making…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Wednesday morning. Allscripts Healthcare Solutions, Inc. (NASDAQ: MDRX) Raised to Buy at Auriga.…
More than 40% of this year’s US corn harvest, about 5.05 billion bushels, is expected to be used to produce ethanol. That surpasses an estimated 5 billion bushels that will be used…
The writing has been on the wall for about three weeks: the $0.45/gallon ethanol subsidy and the $0.54/gallon tariff on imports are politically dead. Another nail got hammered into the coffin yesterday…
The US Department of Energy has announced that it will offer a loan guarantee for $105 million to expand an Iowa plant that makes ethanol from the cellulosic waste matter, called stover,…
Visa gained over 14% during the week on news that “the Federal Reserve would increase its proposed cap on interchange fees charged to by large banks to merchants to process debit card…
The US Senate, by a 73-27 margin, has approved an amendment to an economic development bill that would end the $0.45/gallon ethanol credit and the $0.54/gallon tariff on imported ethanol. A similar…
