Oil and Gas Refining


  • BEIJING, Oct 22- Russia's top crude producer Rosneft and China's largest state refiner Sinopec Group will sign a memorandum of understanding on advance payments for Russian oil exports to China, according to announcements made on Tuesday.

  • LONDON, Oct 21- A major British oil refinery was on the brink of permanent closure on Monday due to a bitter industrial dispute and strong foreign competition set against poor European demand in a sector overpopulated with plants.

  • LONDON, Oct 21- A majority of workers at the Grangemouth refinery and petrochemical plant in Scotland will reject the offer of reduced terms and conditions from the plant's operator Ineos, the Unite union said on Monday.

  • LAUNCESTON, Australia, Oct 21- Going short gold was the top commodity investment pick for the next 12 months by two top-ranked analysts at the recent World Commodities Week conference in London. However, a raft of new refineries in Asia, coupled with rising exports of U.S. and Russian diesel, as well as soft economic growth in Europe, is undermining this trade.

  • Options Action: High volume in of Phillips 66     Thursday, 17 Oct 2013 | 5:45 PM ET

    Options traders spotted high call volume in 3 refiners today: Phillips 66, Tesoro and Valero. Analyzing the action, with CNBC contributor Mike Khouw of Dash Financial Group.

  • All-star investor shares Wall Street wisdom     Thursday, 19 Sep 2013 | 8:04 AM ET

    Meryl Witmer, Eagle Capital Partners, reveals what she's learned from Wall Street legends. They all seem to have one thing in common, she says, they're "confident but humble" and are willing to change their minds.

  • Syria's ripple effect on oil stocks     Wednesday, 28 Aug 2013 | 11:19 AM ET

    Pavel Molchanov, Raymond James energy analyst, provides his views on where energy prices are likely headed with issues in Syria escalating.

  • Diesel fueling US exports     Wednesday, 7 Aug 2013 | 10:32 AM ET

    The U.S. is now the largest exporter of petroleum products. CNBC's Jackie DeAngelis reports on the growing demand for refined energy.

  • CNBC's Jackie DeAngelis takes a look at American companies looking to cash in on increased demand for refined products.

  • Exxon 'to miss results expectations'     Thursday, 1 Aug 2013 | 5:30 AM ET

    Jason Gammel, head of European oil and gas research at Macquarie Securities, says Exxon results will be below expectations as the company's oil production fails to grow.

  • Retail gas up 15 cents from last week     Tuesday, 16 Jul 2013 | 10:25 AM ET

    CNBC's Bertha Coombs is joined by Tom Reilly, SCS Commodities to discuss WTI's resurgence which is driving oil prices higher.

  • 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.

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