Some of Wednesday's midday movers:» Read More
NEW YORK/ HOUSTON, July 31- Chemicals firm LyondellBasell, part of Ukrainian-born billionaire Leonard Blavatnik's business empire, said it will quit buying "disputed" oil from Iraq- one day after Reuters identified it as the mystery American importer of Kurdish crude.
NEW YORK/ HOUSTON, July 31- Chemicals firm LyondellBasell, owned by Ukraine- born billionaire Leonard Blavatnik, has emerged as the mystery American buyer of Kurdish crude oil this year, but said on Thursday it will not be buying any more due to an ownership dispute.
July 31- Marathon Petroleum Corp, the third-largest standalone U.S. refining company, said its quarterly profit rose 44 percent, helped by higher crude refining margins on the Gulf of Mexico coast.
LONDON, July 31- British utility Centrica posted a 35 percent fall in operating profit for the first half of the year as a mild winter in its home market led to reduced energy demand and extreme weather in North America increased costs. Centrica made 1.032 billion pounds in operating profit, down from 1.583 billion a year earlier, it said on Thursday.
NEW YORK, July 30- Chemicals firm LyondellBasell, owned by Ukraine- born billionaire Leonard Blavatnik, appears to be the mystery American buyer of two cargoes of Kurdish crude delivered in May, according to U.S. government data and industry sources.
NEW YORK— Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:. Twitter Inc., up $7.71 to $46.30. United States Steel Corp., up $5.36 to $33.03.
July 30- Hess Corp said on Wednesday it would form a master limited partnership for its North Dakota oil and natural gas storage facilities and processing plants, taking advantage of a key financial trend in the energy sector to generate cash.
Hess Corp.' s earnings declined to $931 million, or $2.96 per share, from $1.43 billion, or $4.16 per share, in the same quarter a year earlier. The average per-share estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.20.
Hess Corp. is also looking into an initial public offering for the potential master limited partnership. The company is now focused more intently on exploration and production, particularly within the Bakken Shale fields in North Dakota.
July 30- Oil and natural gas producer Hess Corp said it plans to form a publicly traded master limited partnership comprising its pipeline and storage assets in North Dakota's Bakken oil shale field. Hess said it expected the MLP to file a registration statement with the U.S. Securities and Exchange Commission in the fourth quarter.
July 30- Oil and natural gas producer Hess Corp said it plans to form a publicly-traded master limited partnership comprising its pipeline and storage assets in North Dakota's Bakken oil shale field. Hess said it expects the partnership to file a registration statement with the U.S. Securities and Exchange Commission in the fourth quarter.
NEW YORK, July 29- BP Plc, Royal Dutch Shell Plc, Morgan Stanley and other companies urged a U.S. judge to dismiss nationwide litigation claiming they conspired for 12 years to fix prices of Brent crude oil, a benchmark for the cost of gasoline and heating oil.
NEW YORK, July 28- Argentina has fought in court for a dozen years against the claims of holdout investors in its defaulted debt, and Argentina has lost. Argentina defied court-ordered demands to pay all its bondholders by a June 30 deadline, and a 30- day grace period runs out this week.
CALGARY, Alberta, July 1- Mergers and acquisitions in Canada's energy sector have rebounded from a dull 2013 and look poised for a further pickup, driven by the country's rapidly developing shale oil and gas properties rather than its better known oil sands.
Energy stocks may be getting too rich and could quickly give up gains if the Iraq situation is defused, some analysts said.
HONG KONG/ SINGAPORE, June 13- Canada's Talisman Energy Inc is reviewing its Asian oil and gas portfolio, valued at about $4 billion, which could lead to a partial or full sale, people familiar with the matter said.
The "Fast Money" traders share their final trades of the day.
Companies are reconsidering their approach to listings as enthusiasm for once-booming biotech and social media offerings has wavered. The FT reports.
Stocks rose modestly on Thursday, extending the prior day's rally.
Collectors can breathe easy as Hess announced it will continue making its toy trucks after the sale of its retail arm to Marathon Petroleum.