The U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories fell by 6.5 million barrels last week, bringing the total U.S. commercial crude inventory…
The three major US stock indexes opened mixed this morning following the unemployment report from the Eurozone, which showed that the 11.2% rate had remained unchanged. The Eurozone consumer price index was…
Valero Energy Corp. (NYSE: VLO) reported second-quarter earnings per share (EPS) of $1.50 on $34.66 billion in revenue this morning. EPS was up sharply from $1.31 in the same period a year…
Paul Ausick 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…
The Department of Energy is out with its weekly oil inventory data showing a surprise build-up of crude products. The DOE showed that crude oil Stocks rose by 2.717 million barrels to…
Hot, dry weather in the nation’s main corn-growing region have pushed corn prices to nearly $7.80/bushel this morning, a level not reached since last September. About 40% of the US crop is…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Thursday. There are many reports this morning! ADTRAN Inc. (NASDAQ: ADTN) Cut to Hold…
The US Department of Agriculture today lowered its estimate of the US corn crop by 20 bushels/acre, from 166 to 146. The cut comes as hot, dry weather continues to plague the…
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…
Analysts at Dutch-based Rabobank have predicted that US corn prices could rise another 25% by the end of the year on lower yields due to hot, dry weather. That would raise prices…
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…
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…
The three major US stock indexes opened higher this morning as markets ignored a steep rise in short-term Spanish debt and focused instead on some encouraging news on new housing construction permits…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Tuesday. AK Steel Holding Corporation (NYSE: AKS) Cut to Neutral at UBS. Celestica…
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…
