In a new research report, the team at Cowen submit that crude export regulations are largely unchanged and permits for condensate export do not constitute precedent.
Analysts at Cowen say that, while second-quarter earnings estimates are coming down, they believe asset quality will be rewarded and see the crude pricing upside as setting up a buying opportunity.
Wikimedia CommonsHouston, Galveston, Baytown and Texas City are supposed to be good for oil and energy. When an accident occurs that shuts down the Houston Ship Channel, it turns out to be…
courtesy of Wal-Mart Stores Inc.A new business just opened its doors in Bentonville, Ark., the hometown of Wal-Mart Stores Inc. (NYSE: WMT). The business is called “Walmart To Go” and for now…
The world of master limited partnerships has been rocked lately, and the news has not been good. Now there are two small MLP mergers to consider, and this could at least rekindle…
ThinkstockRefining companies with the majority of their operations on the Gulf Coast of the United States have been in the driver’s seat for profits during the past several months of 2013. Access…
Jon OggStocks have pulled back over the past week, after eight straight weeks of rallying. Now investors are getting ready for year-end and positioning themselves for 2014. 24/7 Wall St. goes over…
The dramatic production increase from U.S. shale plays in North Dakota, Montana and Texas have had little impact on the amount of oil produced by members of OPEC. However, the cartel does…
ThinkstockContinuing a trend begun in May, Valero Energy Corp. (NYSE: VLO) on Monday commenced an initial public offering (IPO) of a logistics group called Valero Energy Partners L.P., announcing plans to sell…
ThinkstockMarathon Petroleum Corp. (NYSE: MPC) has committed to funding a portion of the Sandpiper Pipeline Project being proposed by Enbridge Energy Partners L.P. (NYSE: EEP) and Enbridge Inc. (NYSE: ENB). The 610-mile…
ThinkstockOil industry data and publishing firm Platts announced on Tuesday its annual list of the top 250 global energy companies. This marks the twelfth year that Platts has compiled its listing. The…
courtesy Phillips 66Oil refiner Valero Energy Corp. (NYSE: VLO) reported third quarter 2013 earnings before markets opened Tuesday morning. The results were no better than good enough, but the company is looking…
ThinkstockThe saying is that if there is a trading strategy, then there is an ETF strategy for that as well. Now the markets are getting a new exchange-traded fund strategy aimed at…
ThinkstockIt was only a matter of time. In the wake of the 1973 OPEC oil embargo, the U.S. enacted a law in 1975 that prohibits (with minor exceptions) exporting U.S. crude oil.…
Adrian Pingstone, via Wikimedia CommonsU.S. crude production has grown beyond expectations in 2013, accelerating in the second half of this year at most key plays around the country, particularly Bakken, Eagle Ford…
