That could hinder OPEC's ability to boost output later in the year, when the International Energy Agency expects demand for OPEC crude to rise. Outages in the group, such as in Iraq and Libya, are effectively helping OPEC to balance the market, rather than voluntary cutbacks, say analysts.» Read More
A large fire broke out at the BP Cherry Point oil refinery in northwestern Washington State. It is the largest oil refinery in the state and the fourth largest on the West Coast. The refinery can produce up to 230,000 barrels of fuel a day and has more than 700 full-time employees. The cause of the fire is unknown. A BP official tells the NBC affiliate in Seattle, KING-TV, that no one was injured.
The latest inflation data shows rising gasoline prices could start to pinch consumers and steal away any savings from the just-approved extension of the payroll tax cut.
Rising gasoline prices could bite into any savings from the expected extension of the payroll tax cut, but for now the higher costs could be somewhat offset by lower winter heating bills.
Billionaire investor, Carl Icahn announces a tender offer for all outstanding shares of CVR Energy. Are refiners the way to play the energy space? The Fast Money crew, weigh in.
Legendary investor, explains why he is calling for the sale of CVR Energy. Icahn has a 14.5% stake in CVI. The Fast Money crew with the play on the sale, and options activity.
The chief executive of Gulf Oil sees gasoline approaching $4 a gallon this summer despite declining demand as more refineries close and tensions heat up in the Middle East.
Canada will focus on exporting oil and other goods to China and other booming Asian economies even if Washington overturns its decision to block a pipeline that would have sent more Canadian crude to the United States.
A risk-reversal strategy on Valero, with Scott Nations, NationsShares.
Any decision by Iran to cut oil exports to the European Union will affect the price of oil and hurt the region's economy, OPEC Secretary General Abdalla Salem El-Badri told CNBC on Monday.
A price of $100 a barrel for oil is sustainable both for producers, who can invest and have enough income and for consumers, whose economies can flourish with oil at that level, OPEC Secretary General Abdalla Salem El-Badri told CNBC.
Where are oil refiners headed with oil trading at $100/barrel? John Kilduff, Again Capital, weighs in.
East coast consumers could see the return of $4 gasoline before the rest of the country, as another key refinery serving the region plans to shut down.
Dan Dicker, MercBloc has the trade on oil refiners and Tesoro's 6% drop today, and how to play it.
Discussing BP's upgrade to "strong buy" and Hess's downgrade to "outperform", with Pavel Molchanov, Raymond James, and the play on energy and fertilizer stocks, with the Fast Money traders.
An call spread options play on oil refiner, Tesoro, with Brian Stutland, Stutland Equities.
Tough talk from Tehran this week sent crude oil prices higher, but what does a cost-benefit perspective suggest?
Where oil prices are headed in 2012 from both a technical and a fundamental standpoint, with Abigail Doolittle, Peak Theories Research, and Stephen Schork, The Schork Report.
A couple of “Fast Money” pros largely brushed aside concerns about Iran’s effect on crude oil prices Tuesday, focusing instead on decreasing demand as the stronger factor in the commodities market.
Among the gainers in the energy sector Friday, Valero also stood out as a solid play looking ahead, said Oppenheimer energy analyst Fadel Gheit.
Chris Danely, JPMorgan with the trade on the tablet wars. Also, the update on a court decision that could deliver a major blow to Rambus.