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…
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.…
courtesy BP plcU.S. crude oil refiners’ stocks are surging Friday following the release of the International Energy Agency’s (IEA) October Oil Market Report. U.S. refinery throughput in September led to the agency…
ThinkstockBattered by a host of complaints from refiners and blenders, the U.S. Environmental Protection Agency (EPA) is reported to be considering a reduction to the amount of ethanol required to be blended…
ThinkstockThe federal government has been buying sugar since June as it is required to do by law when the price falls below $0.21 a pound. Uncle Sugar indeed! A report at Bloomberg…
ThinkstockAs a group, oil and gas stocks are lower in early afternoon trading Monday, but there are a few exceptions. A few major companies are getting a boost from the relatively short…
Jon OggInvestors and traders alike are stuck trying to determine what to do with their stocks during a government shutdown and ahead of the debt ceiling debate. Each morning 24/7 Wall St.…
Jon OggInvestors and traders alike are looking for ideas and recommendations now that the government shutdown is here and with a debt ceiling debate ahead. Each morning 24/7 Wall St. reviews dozens…
ThinkstockToday’s U.S. gasoline pump prices are at their lowest point since the end of January. At a national average of $3.40 a gallon, the price has dropped by $0.19 a gallon since…
ThinkstockIn 2012, the U.S. imported nearly 3 million barrels of oil a day from Canada. The Keystone XL pipeline, if it is approved, would increase that total by 830,000 barrels, but without…
ThinkstockEach of the independent refiners to report second-quarter earnings so far have shown year-over-year declines, reflective of a sluggish demand environment, rapidly compressing crude differentials and escalating renewable identification number (RIN) costs.…
July 23, 2013: U.S. equity markets opened higher this morning, but only the DJIA was able to stay in positive territory throughout the day. There was little economic data out of Europe…
ThinkstockBy now, anyone paying any attention to gasoline prices has run into the term “blend wall,” which is the point at which mandated ethanol production matches or exceeds ethanol demand. Because gasoline…
ThinkstockValero Energy Corp. (NYSE: VLO) reported second-quarter 2013 results before markets opened this morning. The oil refiner posted diluted earnings per share (EPS) of $0.85 on revenues of $34.03 billion, compared with…
Paul Ausick July 22, 2013: U.S. equity markets opened mixed this morning with the DJIA dipping on a poor earnings report from McDonald’s Corp. (NYSE: MCD). There was no economic data release of note in…
