ThinkstockAs if anyone needed more evidence of the difficult path to profits in the oil refining business, Hess Corp. (NYSE: HES) said this morning that it will shut down its Port Reading,…
ThinkstockOn of the country’s largest coal miners, Consol Energy Inc. (NYSE: CNX) has outlined its investment plans for 2013, and the company expects to spend more on natural gas than it does…
ThinkstockAAA’s Daily Fuel Gauge Report has the nationwide average price of a gallon of regular gasoline at $3.462. That is down from $3.521 a week ago and from $3.818 a month ago.…
U.S. equity markets opened higher this morning following the report on U.S. non-farm payrolls and the U.S. unemployment rate. Payrolls rose by 171,000, better than expected, and the unemployment rate came in…
thinkstockWTI crude oil is trading down about 1.6% this morning at around $85.70 primarily due to the lack of demand for crude from two large refineries that were shut down due to…
U.S. equity markets opened higher following a spate of moderately good news on U.S. employment. The ADP report showed job gains (more coverage here), and the report on new claims for unemployment…
courtesy BP plcNow that Hurricane Sandy has run its course, oil refineries on the East Coast are either returning to service or making preparations to do so. The NuStar Energy LP (NYSE:…
There are six large oil refineries in the path of Hurricane Sandy, and as of last night two were closed. The Phillips 66 (NYSE: PSX) refinery and the Hess Corp. (NYSE: HES)…
We noted earlier this morning the possibility that crude oil refineries would either be forced to reduce production or shut down completely as Hurricane Sandy moves toward the coast and on inland.…
Major European equities markets are trading lower today as investors are waiting to see the impact of Hurricane Sandy on the heavily populated U.S. East Coast. The U.K.’s FTSE 100 is down…
Analyst calls often have many hidden gems in them, and sometimes the most interesting thing to take from these calls is what was not said. Credit Suisse came out this Tuesday with…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen from Wall St. research calls this Wednesday. Activision Blizzard Inc. (NASDAQ: ATVI) started as Buy at Jefferies. Adtran Inc. (NASDAQ:…
Chevron Corp. (NYSE: CVX) managed to beat earnings despite a large drop in revenue. The oil giant reported earnings of $3.66 per share, some $0.42 better than the consensus estimate of $3.24…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Tuesday. ADTRAN Inc. (NASDAQ: ADTN) Cut to Equal-weight at Barclays. Alliant Energy Corp. (NYSE: LNT)…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Thursday. We also have many changes to the Argus Model Portfolio. ABB Ltd.…
