Jon OggThese are some of today’s top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Tuesday. Achillion Pharmaceuticals Inc. (NASDAQ: ACHN) Started as Outperform with $11 target at Credit…
Oil demand is being revised lower in a new forecast by the Energy Information Administration. The reality is that the demand erosion is modest at a mere 70,000 barrels per day in…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Tuesday. American International Group Inc. (NYSE: AIG) Raised to Outperform at Wells Fargo.…
The US Environmental Protection Agency yesterday released a list of 20 companies that have been approved to manufacture ethanol for use in blending the 15% ethanol-gasoline blend known as E15. Among the…
In a “we versus them” speech today, President Obama again called for the end of subsidies for oil and gas companies. His speech talked about the global opportunities that the big oil…
There are more than 200 ethanol refineries in the US with a total nameplate production capacity of nearly 15 million gallons/year. One of the largest producers, privately-held Cargill, plans to add a…
In a presentation yesterday to investors, Valero Energy Corp. (NYSE: VLO) CEO Bill Klesse said that stagnant demand for refined products in the US would be replaced by foreign demand for gasoline…
This morning’s report from the US Energy Information Administration (our coverage here) showed that commercial crude oil inventories in the US rose by 4.2 million barrels last week. At the same time,…
Jon OggThese are some of this Friday’s top analyst upgrades, downgrades, and initiations seen in Wall Street research calls. Acorda Therapeutics, Inc. (NASDAQ: ACOR) Cut to Neutral at Citigroup. Arcelor Mittal (NYSE: MT) named…
Ethanol makers like Archer Danials Midland Co. (NYSE: ADM), Valero Energy Corp. (NYSE: GPRE), and Green Plains Renewable Energy Inc. (NASDAQ: GPRE) are expected to experience lower prices for ethanol in the…
Bankrupt European refiner Petroplus has received more than 40 expressions of interest in its 175,000 barrel/day Coryton refinery in southeast England. The plant is the company’s most profitable and complex refinery. A…
The weekly data from the Department of Energy showed a rise in Crude Oil Stocks, with a gain of 4.175 million barrels to 338.942 million barrels. Dow Jones had been expecting a…
The United Steelworkers Union has reached a tentative agreement with US refiners that will avoid a strike that could have begun at 12:01 a.m. this morning. Royal Dutch Shell plc (NYSE: RDS-A)…
All three major indexes opened higher this morning, but the strength didn’t last as the Chicago PMI number failed to meet expectations and came in lower even than last month’s reading. The…
The United Steel Workers union could authorize a strike against US refineries that produce about one-third of the country’s daily refined products demand of 19 million barrels. The strike deadline is midnight…
