Sources say Exxon Mobil has put its Torrance, Calif. refinery on the block, due to the state's tough environmental standards.» Read More
NEW YORK, Sept 9- Venezuela's state-run oil company PDVSA is seeking preliminary offers for its U.S. unit Citgo Petroleum Corp by the end of September, a deal that could fetch up to $10 billion, according to two people familiar with the matter.
The "Fast Money" traders share their final trades of the day.
Aug 15- The first new crude-by-rail project at a California refinery is likely to win approval next month after more than a year of scrutiny, the head of the Kern County planning division told Reuters, and it could help reopen the shuttered plant.
Aug 15- The first crude-by-rail project at a California refinery is likely to win approval next month after more than a year of scrutiny, the head of the Kern County planning division told Reuters, and it could help reopen the shuttered plant.
WASHINGTON/ CALGARY, Aug 14- Thousands of oil train tankers soon to be deemed obsolete in the United States are unlikely get a second life in Canada's oil sands industry, undercutting a U.S. government forecast that the costly cars will continue in use in the energy sector.
Some of Wednesday's midday movers:
Stock futures pointed to a higher open on Wall Street after data had the economy growing 4 percent in the second quarter.
July 30- Valero Energy Corp, the largest U.S. independent refiner, on Wednesday reported an increase in quarterly profit as the company processed higher volumes of crude oil. San Antonio- based Valero said second-quarter profit rose to $651 million, or $1.22 per share, from $463 million, or 84 cents, in the same period a year earlier.
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.
VANCOUVER, Washington, July 21- California's chance to keep a lid on some of the nation's highest gas prices and join in the spoils of a domestic oil production boom is threatened by quickly growing opposition to a rail terminal in Washington state.
Some of the names on the move ahead of the open.
The United States is swimming in oil and gas. However, processing this bounty is posing a challenge to U.S. refiners.
Consumers will pay the highest Fourth of July gasoline prices in six years, but pump prices would be far higher if not for the oil shale boom.
It's time for the Lightning Round. Cramer makes the call on viewer favorites.
Investors are placing bets on how the second half of 2014 will unfold. Here are their picks.
The Export-Import Bank is the perfect example of corporate welfare, crony capitalism, fraud and corruption, Larry Kudlow says.
*White House says policy has not changed. The U.S. Department of Commerce's Bureau of Industry and Security told Pioneer Natural Resources and Enterprise Product Partners on Tuesday that removing volatile components from condensate, the light oil, was enough to qualify the petroleum as a "refined product."
The Commerce Department's action could unleash as much as $6 billion a year of condensate onto the global market, analysts say.
The U.S. Department of Commerce's Bureau of Industry and Security told Pioneer Natural Resources and Enterprise Product Partners on Tuesday that removing highly flammable gases from light oil, known as condensate, was sufficient processing to qualify the condensate as a "refined product."
The Commerce Department's decision to allow unrefined U.S. oil exports creates clear winner and losers.