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Oil and Gas Refining

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  • Expect $50 oil, but not $2 gas, Gulf Oil CEO says Monday, 15 Jul 2013 | 8:55 AM ET

    Oil prices should be about half of today's $105 a barrel by the end of the year, but that doesn't translate to $2 a gallon gas prices, Gulf Oil CEO Joe Petrowski tells CNBC.

  • Good Things to Come for Banks?     Friday, 12 Jul 2013 | 12:20 PM ET

    Valero says surging crude is hitting the company's margins, and the FMHR traders debate how to trade refiners. Betsy Graseck, Morgan Stanley, provides insight on impressive bank earnings. "Rising home prices will be a tail wind to large cap banks" says Graseck.

  • Where Did All the Oil Go?     Wednesday, 10 Jul 2013 | 2:19 PM ET

    Andy Lipow, president of Lipow Oil Associates, talks about the huge drop in inventories. "World oil demand is growing," he said, and he expects sticker shock for consumers.

  • Modest Relief at Pump as US Driving Season Begins Monday, 24 Jun 2013 | 8:01 AM ET

    The average price of gasoline in the United States dipped over the past two weeks thanks to large falls in Midwestern states, a survey issued on Sunday showed.

  • World Oil Market Facing Product Glut: IEA Wednesday, 12 Jun 2013 | 5:12 AM ET

    The world is heading for a glut of refined products as new Asian and Middle East refineries increase oil processing in a move likely to force less advanced competitors in developed countries to close, the West's energy agency said on Wednesday.

  • Pain At the Pump     Monday, 10 Jun 2013 | 1:48 PM ET

    Drivers in the Midwest have been hit with a big gas pump shock, reports CNBC's Sue Herera.

  • Gulf Region Preps For Hurricane Season     Friday, 31 May 2013 | 8:19 AM ET

    Louisiana's "Refinery Row" is getting ready for this year's hurricane season, reports CNBC's Scott Cohn.

  • Drilling Into Oil Earnings     Thursday, 25 Apr 2013 | 10:30 AM ET

    Faisel Khan, senior analyst at Citi, offers insight on big oil names.

  • Oil Squeeze Affecting Refiners?     Tuesday, 16 Apr 2013 | 2:26 PM ET

    If oil keeps dropping, will refiners go with it? Philip Weiss, Argus Research, provides perspective.

  • Woodside Shelves $40 Billion Australia LNG Project Thursday, 11 Apr 2013 | 11:45 PM ET
    Liquifaction Plant

    Woodside Petroleum has shelved plans for its $40 billion Browse liquefied natural gas project in Western Australia, saying it will consider a floating LNG plant instead.

  • GE to Buy Oil & Gas Giant Lufkin for $3.38 Billion Monday, 8 Apr 2013 | 8:45 AM ET

    General Electric agreed to buy oilfield services provider Lufkin Industries to expand its profitable oil and gas business.

  • How One Trader Cashed in on Phillips 66—Big Time Wednesday, 3 Apr 2013 | 3:28 PM ET

    In the options market, big money can be made pretty quickly. For one trader, it only took a day. Here's how he did it.

  • Pipeline Spills Stir New Criticism of Keystone Plan Wednesday, 3 Apr 2013 | 7:20 AM ET
    A weld inspector during construction of the Gulf Coast pipeline in Prague, Okla.

    Two pipeline spills have prompted new criticism from opponents of the proposed Keystone XL project, while raising questions about whether the government is adequately monitoring U.S. pipelines. The NYT reports.

  • Pro Rings the Death Knell for Crude Oil Rally Tuesday, 2 Apr 2013 | 4:34 PM ET

    Although U.S. crude has flirted with its highs, market observers and professional traders alike think oil could push lower.

  • The Four Reasons We Won't See Record Gas Prices Tuesday, 2 Apr 2013 | 9:46 AM ET

    Pro trader Anthony Grisanti looks at why he doesn't think gas prices will soon soar.

  • North Sea Energy Reserves Declining: CEO     Wednesday, 27 Mar 2013 | 12:15 PM ET

    Amjad Bseisu, CEO of EnQuest, tells CNBC that oil reserves in the north sea are declining, although a relaxation of government regulations has prompted a boom of investment in the area.

  • Lofoten Islands, Norway

    Middle East-style oil wealth combined with a generous Nordic welfare model is slowly throttling big chunks of Norway's economy.

  • Traders Fill Up on This Oil Giant Tuesday, 19 Mar 2013 | 4:49 PM ET

    For a long time, the trade has been to buy oil refiners and sell big oil. Now it looks like that trade could flip.

  • Obama Seeks $2 Billion to Wean Vehicles Off Oil Friday, 15 Mar 2013 | 3:26 PM ET
    President Barack Obama

    The president wants Congress to authorize $200 million a year for 10 years for research on energy technologies.

  • ENI CEO Forecasting Oil Prices     Friday, 15 Mar 2013 | 3:50 AM ET

    Paolo Scaroni, CEO of ENI, promised to develop a plan of share buy back, if oil prices stay as high as where they are today, adding every time he makes a forecast on oil prices he is wrong.