MINNEAPOLIS— Minnesota Pipe Line Co. announced plans Thursday to nearly double the capacity of a crude oil pipeline that carries oil from Canada and North Dakota to the two refineries in the Twin Cities that produce most of Minnesota's and much of Wisconsin's transportation fuels.» Read More
Gasoline prices are rising, currently averaging $3.72 a gallon. That means there’s opportunity for investors in drilling and refinery company stocks, Sterne Agee analyst Tim Rezvan told CNBC Monday.
Crude oil on Tuesday posted its biggest two-day price drop in six weeks, leading noted investor Dennis Gartman to forecast a six-month trend ahead.
Drivers aren't the only group growing concerned as gas prices tick upwards. Most retailers and consumer discretionary businesses consider $4 gasoline the tipping point, where consumers begin to pull back on their discretionary spending. A look at how the retail sector has held up during recent gasoline price spikes.
How rising oil prices are impacting refiners, with Blake Fernandez, Howard Weil Inc., and Kevin Book, ClearView Energy Partners.
Lowering oil prices will require a long-term approach to exploration and production, though tapping domestic reserves is not out of the question, Treasury Secretary Timothy Geithner told CNBC.
EOG Resources is one of Cramer's faves, and EOG Chairman & CEO Mark Papa explains why his company is worth the investment.
KNTV's Scott Budman reports a fire has broken out at BP's oil refinery in Cherry Point, Washington; Italian police arrested eight people on charges related to $6 trillion dollars in fake T-Bonds; TNT Express says it is still in talks with UPS, after rejecting the company's $6.5 billion dollar takeover offer; and New Jersey's Gov. Chris Christie has followed through on his promise to veto the same-sex marriage bill.
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.