12:58pm ET
Energy
East Coast Oil Refinery Will Not Close
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 with The…
PSX Coverage Page 24
8:34am ET
Investing
Top Analyst Upgrades & Downgrades (AFFX, BUD, ACI, CREE, DDS, DLTR, FINL, AWAY, IMAX, ITT, LH, LIFE, MAR, P, PSX, DGX, RIMM, TIF, SPY)
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Monday. Affymetrix Inc. (NASDAQ: AFFX) Cut to Sell at Goldman Sachs. Anheuser-Busch InBev (NYSE:…
10:41am ET
Energy
DOE Oil Inventories Cause Reaction (USO, UGA, PSX, VLO, OIH)
The Department of Energy is out with its weekly oil and gasoline inventory data and we saw a slight drop in the crude with a slight gain in gasoline inventories. Weekly DOE…
4:14pm ET
Investing
Consumer Bonus: Oil Challenging $80/Barrel and Gasoline Challenging $3.50/Gallon
Maybe you want to blame the rising dollar or maybe you want to blame continued slow weakness along with a building inventory report. Oil is now within striking distance of the $80…
10:43am ET
Energy
Big Oil Inventory Build Shakes Up Oil & Gas Sector (USO, UGA, PSX, VLO, OIH)
The Department of Energy is out with its weekly oil and gasoline inventory data and this is going to likely move the markets. Crude oil stocks managed to build up by a…
11:46am ET
Energy
Is Oil Refining a Zombie Industry? (DAL, PSX, VLO, MPC, TSO, HFC, WNR, CVI, CG, XOM, CVX, BP, PBR)
When Delta Air Lines Co. (NYSE: DAL) agreed to buy an oil refinery from Phillips 66 (NYSE: PSX), the transaction underscored a shift that has been taking place in refinery ownership. Pure…
10:48am ET
Energy
DOE Very Mixed Oil & Gasoline Inventories and Refining Data (USO, UGA, PSX, VLO, OIH)
The Department of Energy is out with its weekly oil and gasoline inventory data. Crude oil stocks fell by 191,000 barrels in the last week to 384.438 million barrels. We were expecting…
1:24pm ET
Energy
Refinery Sale Suddenly In Jeopardy (PSX, COP, DAL, SUN, ETP, CG, CVX, VLO, XOM, BP, CVI)
In December 2011, before the spin-off of Phillips 66 (NYSE: PSX) from ConocoPhillips (NYSE: COP), Conoco was believed to be trying to sell its 247,000 barrel/day Belle Chase, Louisiana, refinery for $700…
10:53am ET
Energy
DOE Crude & Gasoline Inventories Meet High Refining Capacity (USO, UGA, PSX, VLO, OIH)
The weekly oil inventories are out from the Department of Energy and we have yet another trend that is good for the consumer but probably not the greatest news for oil bulls. …
2:36pm ET
Energy
Outlook for Oil Refiners “Reasonable” Says Fitch (VLO, MPC, PSX, TSO, WNR, HFC, XOM, CVX, COP, BP)
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 reason is…
4:05pm ET
Investing
24/7 Wall St. Closing Bell — May 18, 2012
The three major US stock indexes opened somewhat higher this morning as investors paid little attention to last night’s downgrade of Spain’s banks (more coverage here). With little economic data on tap…
8:37am ET
Investing
Top Analyst Upgrades & Downgrades (ANGI, RATE, IRE, DNDN, LVS, LNKD, MU, MS, PSX, CRM, SNDK, S, TUP, YELP)
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Friday. Angie’s List, Inc. (NASDAQ: ANGI) Started as Outperform at Raymond James. Bankrate,…
10:44am ET
Energy
Oil Inventories & Capacity Act As Booster (OIH, VLO, PSX, USO)
The U.S. Department of Energy has released its weekly oil inventory data showing a build up in crude inventories as expected. The rise came to +2.128 million barrels of crude oil to…
4:05pm ET
Investing
24/7 Wall St. Closing Bell — May 15, 2012
Two of the three major US stock indexes opened higher this morning as investors reacted to the news from Greece that no government could be formed and that a second election will…
8:28am ET
Investing
Top Analyst Upgrades & Downgrades
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Tuesday. AAR Corporation (NYSE: AIR) named Bear of the Day at Zacks. AGCO Corporation…