A crush of big cap earnings and arguably the most important economic reports until September make next week the busiest of the summer for markets.» Read More
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.
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.
HOUSTON, July 25- Exxon Mobil Corp is considering a multibillion-dollar plan to expand its Beaumont, Texas, refinery into the country's largest, the first major refining investment of the U.S. shale oil boom, people with knowledge of the deliberations said.
TRAVERSE CITY, Mich.— A company cannot store piles of petroleum coke at an open riverfront site in Detroit because it does not have adequate measures in place to control dust, a Michigan state agency said Thursday.
*Monsanto rallies on outlook and stock-repurchase plans. *CBS shares jump after Supreme Court ruling. Shares of CBS jumped 6.2 percent to $62.48 after the U.S. Supreme Court ruled that online TV startup Aereo Inc violates copyright law by using tiny antennas to provide subscribers with broadcast network content via the Internet.
U.S. crude rose after government data showed a sharp drop in gasoline stocks that outweighed a build in overall crude stocks.
TOKYO, May 29- U.S. crude oil futures held below $103 a barrel on Thursday after investors took profits ahead of a government report expected to show a build in crude stockpiles, but gained some support from tensions in Libya and Ukraine.
NEW YORK, May 28- U.S. crude fell more than $1 a barrel on Wednesday as traders took profit ahead of inventory reports that were expected to show a build in crude, while Brent edged lower, propped up by geopolitical tensions in Ukraine and Libya.
NEW YORK, May 28- U.S. crude fell more than $1 on Wednesday as traders took profit ahead of inventory reports that are expected to show a build in crude, while Brent edged slightly lower, propped up by geopolitical tensions in Ukraine and Libya.
NEW YORK, May 28- Crude oil prices slid lower for a second straight day on Wednesday as a stronger dollar and lower demand outweighed geopolitical tensions in Ukraine and Libya and positive economic data in the United States.
Companies are reconsidering their approach to listings as enthusiasm for once-booming biotech and social media offerings has wavered. The FT reports.
Collectors can breathe easy as Hess announced it will continue making its toy trucks after the sale of its retail arm to Marathon Petroleum.
*Deal to give Speedway gas stations, stores on East Coast. May 22- Refiner Marathon Petroleum Corp said it would buy oil and natural gas producer Hess Corp's retail business for $2.87 billion to expand its network of gas stations and convenience stores along the U.S. East Coast.
Some of the names on the move ahead of the open.
The flurry of activity occurred at 3:49 p.m. EDT, with most of the affected stocks listed on the New York Stock Exchange, owned by IntercontinentalExchange Group Inc. The volatility caused moves of close to 5 percent in certain stocks, such as Nabors Industries Ltd..
The flurry of activity occurred at 3:49 p.m. EDT, with most of the affected stocks listed on the New York Stock Exchange, owned by IntercontinentalExchange Group Inc. The volatility caused moves of up to about 5 percent in certain stocks, such as Nabors Industries Ltd..
Inland refiners such as Western Refining, HollyFrontier Corp and Marathon Petroleum Corp are benefiting from easy access to cheap shale crude, boosting their refining margins.
NEW YORK, March 31- Last year's spike in the price of ethanol blending credits cost independent refiners at least $1.35 billion, more than three times as much as the year before, according to a Reuters' review of securities filings.
*Coast Guard says will re-open channel' as soon as we can'. TEXAS CITY, Texas March 24- The closure of the vital Houston Ship Channel looked set to extend to a fourth day after the Coast Guard struggled to finish cleaning up after an oil barge spill on Monday, threatening to force deeper production cuts at local refiners.
*Coast Guard says will re-open channel' as soon as we can'. "We will begin the process of a tapered... not a floodgate resumption of marine traffic," Captain Brian Penoyer, commander of U.S. Coast Guard sector Houston- Galveston and captain of the Port of Houston, told reporters on Monday.