oil refiners

How the September Beige Book Looks for the Oil, Gas and Energy Sector

When investors and economists hear about a Beige Book release it is rarely a report that generates serious excitement. That said, there is almost always important information about the national ...
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6 Most Impotant Things in Business Today

A huge IPO for Saudi oil company Aramco may be canceled. According to Reuters: Saudi Arabia has called off both the domestic and international stock listing of state oil giant ...
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Why Refiners May Be the Best Q2 Energy Play

Energy was having a tough enough time this year, and things got worse recently for the energy master limited partnerships (MLPs). On March 15, the Federal Energy Regulatory Commission (FERC) ...
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Phillips 66 Shrinks Warren Buffett’s Dominance With Huge Stock Buyback

As the markets and investors await the release of the top holdings of America's top fund managers and investment gurus, we have already seen news that one of the large ...
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4 Refiners Could See Massive Earnings Increase From Trump Tax Bill

With oil solidly back at over $56 a barrel for West Texas Intermediate and almost $64 for Brent crude, long-suffering energy investors are finally getting some relief after the sector ...
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RBC Sees Huge 2018 Potential for 4 Top Refining Stocks

A few years ago, some of the hottest stocks in the energy sector were the refiners, as high prices pushed production and refining needs. Then along came a huge drop ...
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Phillips 66 Unloads Dakota Access Pipeline, Other Assets on MLP

Oil refiner Phillips 66 (NYSE: PSX) has agreed to sell to its midstream partner, Phillips 66 Partners L.P. (NYSE: PSXP), the parent company's 25% stake in the Dakota Access Pipeline ...
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5 Most Important Things in Business Today

Apple Inc. (NASDAQ: AAPL) will launch new iPhones. Rumors are that there will actually be three. The first will be the iPhone 8, the next the iPhone 8 Plus and ...
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Texas Oil & Gas Industry Recovering From Harvey

As water levels drop in the areas hardest hit by tropical storm Harvey, the focus has turned to the hundreds of thousands of people affected by the storm who require ...
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6 Most Important Things in Business Today

Hurricane Harvey headed toward the Texas border with Louisiana, threatening more refinery capacity. Energy companies are likely to shutter additional large refineries in the area, further driving up the price ...
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6 Most Important Things in Business Today

Uber picked Expedia Inc. (NASDAQ: EXPE) CEO Dara Khosrowshahi to run the huge ride-sharing service. The company's previous CEO, Travis Kalanick, stepped down as a battle on the board and ...
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America’s Largest Refinery Threatened by Hurricane Harvey

America's largest refinery, Port Arthur, was hit by Hurricane Harvey today. The location, owned by Saudi Aramco, can refine as much as 600,000 barrels a day. The threat to the ...
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UPDATE: Harvey Upgraded to Hurricane, on Track for Gulf Coast Refineries

UPDATE: At 1 p.m. CT, the National Hurricane Center upgraded tropical storm Harvey to Hurricane Harvey. The storm now clocks sustained winds of 85 mph and continues on its slow ...
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Tropical Storm Harvey Takes Aim at Gulf Coast Refineries

U.S. oil refineries have been processing more than 17 million barrels of oil a day for the past several weeks. More than half that total, about 9.4 million barrels a ...
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Record-Level US Refinery Runs Keeping Crude, Gasoline Prices Low

Since the U.S. Energy Information Administration (EIA) began keeping weekly records in 1990, crude oil input to U.S. refineries has topped 17 million barrels a day just 24 times. Also ...
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