Search Results for: VLO
As crude oil prices continue their steady trend above $100/barrel, US refiners are preparing for the worst. Actually, the worst is already here, in the form of spiking prices. Worse than anything,...
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Hell may have frozen over in the world of oil and gas. Shares of oil refinery companies seem to have finally turned a corner. In this aspect, we would be watching Valero Energy Corp. (NYSE: VLO)...
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In a filing yesterday with the Securities and Exchange Commission, oil refiner Valero Energy Corp. (NYSE: VLO) said that it has accepted an offer of $350 million plus working capital for its...
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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 companies...
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The US Environmental Protection Agency has released its expected increase in the ethanol “blend wall” from 10% (E10) to 15% (E15) for light vehicles built in model year 2007 and later. The agency...
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Toward the end of 2008 (and even sooner), ethanol may have seemed like a fad that came and went. Then came the dull year of 2009 that seemed as though it would yield little. Yet ethanol stocks...
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It’s been a good year for refining stocks. Six large independent refiners are posting 12-month gains of between about 40% and 140%. All six — Valero Energy Corp. (NYSE: VLO), Marathon Petroleum...
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Almost a year ago, Chevron Corp. (NYSE: CVX) put out the word that it was looking to sell its Pembroke refinery in Wales. The offers didn’t exactly come pouring in. Refining is just too tough a...
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The federal subsidy of $0.45/gal for domestic ethanol is set to expire at year’s end, and the sparks are flying now as the embattled industry seeks to renew government payments. On one side are the...
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The Energy Information Administration is out with its newest 2010 and 2011 predictions for both supply and demand for oil and energy products. This may throw water on T. Boone Pickens’ call for...
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Crews were returning to both shallow-water and deep-water rigs in the Gulf of Mexico yesterday as the oil and gas industry prepares to restart production following Hurricane Isaac. A report from...
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Beginning in the early 1990s, integrated oil companies and some independents began stripping away their midstream assets like interstate pipeline and gathering systems to focus more on the...
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The weekly supply data is out from the Department of Energy and the refining capacity data continues to be a standout from last week. The recent rise in oil prices may act as a curb to the benefits...
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Cheniere Energy, Inc. (AMEX: LNG) can thank its earnings or lack thereof today for its implosion. Shares were down well over 20% at last look around $5.78, while its 52-week trading range was...
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It’s time for the 3:00 PM “Alternative Energy Daily” for developments in solar and wind power, alternative fuels, and other news related to the sector. As with so much in the past week,...
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