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Tesoro Corp


  • As expected, the goal fell short of the amount required by Congress in a 2007 law. The EPA did not cut the ethanol blending target as much as it did in its previous plan. The oil industry has lobbied fiercely against increased blending requirements, and its trade group said on Friday it would go to Congress to push for an overhaul of the policy.

  • The U.S. Environmental Protection Agency has promised to unveil its proposal for how much biofuel must be blended into the nation's fuel supply for the years 2015 and 2016, and to revise previously proposed volumes for 2014 by June 1. Though the law laid out volumetric standards, the EPA is tasked with specific volumetric biofuel blending goals each year, a...

  • HOUSTON, May 18- U.S. refiner Tesoro Corp has ordered new crude oil railcars with features that surpass safety standards that federal regulators set this month, executives told Reuters. The 210 tank cars being built in northern Louisiana are so-called pressure cars, with the same design as those that carry liquid petroleum gases such as propane and butane, gas...

  • Tesoro cancels Utah crude pipeline project Monday, 11 May 2015 | 6:15 PM ET

    HOUSTON, May 11- Tesoro Corp has canceled a crude pipeline project in Utah because of low oil prices and economic challenges, the company said on Monday. Tesoro had proposed the pipeline to move black waxy crude produced in Utah's Uinta Basin to Salt Lake City- area refineries. Tesoro recently finished the second phase of a $275 million conversion project at its...

  • SAN FRANCISCO, May 8- A 52- day labor strike that led to a shutdown at Tesoro Corp's refinery in Martinez, California, helped boost the company's bottom line last quarter, the company's chief executive said on Friday, prompting cries that the state's gasoline market needs to be reformed. California wholesale gasoline prices rose at their quickest week-on-week...

  • SAN FRANCISCO, April 17- Conservation groups filed a lawsuit against California on Friday, saying the state did not adequately consider environmental factors when it approved a 30- year lease last month for a marine terminal at Tesoro Corp's refinery near San Francisco Bay. The Center for Biological Diversity and Communities for a Better Environment said...

  • SAN FRANCISCO, April 16- California imports of Bakken crude oil from North Dakota on barges totaled a record 1.5 million barrels last year, 27 percent greater than the amount that reached the state by rail, the California Energy Commission told Reuters on Thursday. To get the low-cost Bakken crude to California refineries, producers load it onto trains in North...

  • SAN FRANCISCO, April 9- California motorists paid an average of 90 cents more per gallon of gasoline than the national average last month, a record high, the California Energy Commission said on Thursday. The wide price disparity was primarily due to a lack of output from two key refineries- Tesoro Corp's Golden Eagle in Martinez, which halted production due to a...

  • These energy stocks are rooting against crude oil Wednesday, 8 Apr 2015 | 6:00 AM ET
    Valero Energy refinery

    As oil bounces off the lows, not every energy name is along for the ride. Here are the stocks that could "overshoot to the downside" now.

  • Here's how to play oil's volatility Tuesday, 7 Apr 2015 | 7:04 PM ET
    An oil well owned an operated by Apache Corp. in the Permian Basin, Garden City, Texas.

    Following news of a possible merger between Royal Dutch Shell and BG Group, CNBC's Fast Money traders said now my be a good time to play oil.

  • 5 stocks to buy on oil's high supply Thursday, 2 Apr 2015 | 6:42 PM ET
    An oil well owned an operated by Apache Corp. in the Permian Basin, Garden City, Texas.

    "Fast Money" traders discussed how to play the Iran nuclear agreement's effect on an already heavily supplied oil market.

  • Trading the oil pullback: 5 plays on volatility Tuesday, 31 Mar 2015 | 6:37 PM ET
    A worker with Apache in the Permian Basin in Mentone, Texas.

    CNBC "Fast Money" traders picked their best plays on the continued up-and-down movement in oil prices.

  • HOUSTON, March 25- Striking workers at Tesoro Corp's Martinez, California, refinery have ratified a new contract, ending a 52- day strike at that plant, the United Steelworkers union said on Wednesday. USW members at the Martinez refinery were the last of three Tesoro groups to approve the contract based on a tentative national agreement reached between the...

  • Workers at 11 companies haul in $3.5M each! Friday, 20 Mar 2015 | 8:57 AM ET
    Workers enter an Exxon Mobil refinery

    Employees at 11 non-financial companies in the Standard & Poor's 500 brought in more revenue apiece than any other in America. USA TODAY reports.

  • 8 commodity trades on oil's slide Thursday, 19 Mar 2015 | 7:11 PM ET
    The Fawley oil refinery and Hamble oil terminal are seen on January 7, 2015 in Southampton, England.

    US crude oil has plummeted in recent months. "Fast Money" traders discussed how to trade the low price environment.

  • 4 trades on the oil selloff, Brazil turmoil Friday, 13 Mar 2015 | 7:15 PM ET
    A Petrobas platform at the Brasfels shipyard in Angra dos Reis, about 115 miles west of Rio de Janeiro.

    Crude oil is plummeting, but some names are worth picking up on the weakness, "Fast Money" traders said.

  • Your first trade for Monday Friday, 13 Mar 2015 | 6:10 PM ET

    The "Fast Money" traders give their final trades of the day.

  • Did your company cut the most jobs in 2014? Friday, 13 Mar 2015 | 11:55 AM ET
    Hess oil gas truck

    Ten companies in the Standard & Poor's 50 reported the largest percentage drops in the employee numbers in 2014, USA Today reports.

  • HOUSTON, March 12- The United Steelworkers union and oil companies have reached a tentative deal to end the largest U.S. refinery strike in 35 years, the labor group and people familiar with the negotiations said on Thursday. "We salute the solidarity exhibited by our membership," said USW International President Leo Gerard. Lead industry negotiator Royal Dutch...

  • WASHINGTON, March 10- The U.S. rail industry is pushing the White House to drop a requirement that oil trains adopt an advanced braking system, a cornerstone of a national safety plan that will soon govern shipments of crude across the country. Representatives of large rail operators met with White House officials last week to argue against the need for...