The 238,000 barrel-per-day Bayway refinery is one of several on the East Coast emerging from years of poor margins as they have depended on higher-priced oil from Europe and Africa due to a lack of access to cheaper domestic crude.» Read More
Stephen Schork, The Schork Report, discusses the impact of superstorm Sandy on oil refineries. The FMHR traders discuss.
Alan McKim, CEO of Clean Harbors, reports cleanup crews are ready to respond.
Will Hurricane Sandy impact oil prices? Andy Lipow, Lipow Oil Associates president, weighs in.
Gasoline futures continued to trade higher in the electronic session Thursday as the latest track of Hurricane Sandy looked headed straight for the heart of the East Coast refining industry.
Diesel prices remain high, and Jimmy Haslam, Pilot Flying J chairman, discusses whether this is already trickling down into the rest of the economy.
Dave Barger, CEO of JetBlue, talks about the critical crude oil levels for the airline industry.
Just months after Delta Air Lines purchased a troubled East-Coast oil refinery in an effort to pare its fuel costs, United Continental Holdings, the nation’s biggest carrier, appeared to be exploring a similar move, according to someone familiar with the matter.
Saudi Arabia has offered its main customers in the US, Europe and Asia extra oil supplies through the end of the year, a sign the world’s largest exporter is worried about the impact of rising prices on the global economy. The FT reports.
The US Department of Justice intends to prove at trial that gross negligence or willful misconduct by BP caused the 2010 Deepwater Horizon disaster in the Gulf of Mexico, government lawyers have said, in the clearest statement yet that they are seeking the maximum possible penalties from the British oil group. The FT reports.
CNBC's Brian Shactman reports on how the shutdown of nearly all oil production in the Gulf is impacting oil prices.
A look at how most of the Gulf's major oil installations have fared since Hurricane Isaac swept through, with CNBC's Brian Shactman.
A look at how fallout from Isaac; conflict in Iran; and a fire at Venezuela's largest refinery is impacting energy prices, with Dan Yergin, IHS vice chairman.
Reports indicate many oil production facilities were spared from damage from Hurricane Isaac, but John Hofmeister, Citizens for Affordable Energy founder & CEO, explains why Port Fourchon is still very vulnerable.
The Romney camp just released its energy plan, which gives individual states greater control over their energy wealth. Dan Weiss, Center for American Progress, and Sterling Burnett, National Center for Policy Analysis, discuss.
CNBC's Brian Shactman reports on oil and gas productions shutting down ahead of Hurricane Isaac, and Valero shutting down 2 refineries.
CNBC's Brian Shactman takes a look at how the storm will impact the oil and gas industry, with Bill Day, Valero Energy executive director media relations.
CNBC's Brian Shactman explains how the storm will impact gas futures and energy prices.
Russia’s entry into the World Trade Organisation (WTO) is good news but investors shouldn’t expect miracles straight away, Murat Ulgen, chief economist for Central & Eastern Europe and Sub-Saharan Africa at HSBC, told CNBC.
Energy investors remain bullish on ExxonMobil, even though the outlook for oil prices remain uncertain, two analysts told CNBC.
Thomas Hilboldt, Head of Oil, Gas & Petrochemicals Research, Asia-Pacific at HSBC said he wants to see a more meaningful change to China's energy pricing system.