US crude oil has plummeted in recent months. "Fast Money" traders discussed how to trade the low price environment.» Read More
SAN FRANCISCO, May 5- Shipments of gasoline that meets California's strict environmental standards are expected to rise in the coming weeks thanks to the start of summer driving season and ongoing repairs at a key refinery, experts said on Tuesday. Those that do, like refineries in Louisiana and Texas, often find it too difficult and costly to send the gasoline to...
May 5- U.S. oil refiner Western Refining Inc reported a better-than-expected quarterly profit, helped by lower crude costs. Western Refining, which has refineries in El Paso, Texas and Gallup, New Mexico, said cost of products sold fell 45 percent to $1.74 billion in the quarter. Net profit attributable to Western Refining rose 24 percent to $106 million, or $1.11...
May 5- U.S. oil refiner Western Refining Inc reported a 24 percent rise in quarterly profit, helped by lower crude costs. Net profit attributable to company rose to $106 million, or $1.11 per share, in the first quarter ended March 31, from $85.5 million, or 88 cents per share, a year earlier. The El Paso, Texas- based company's revenue fell nearly 38 percent to $2.32...
Feb 26- Western Refining Inc reported a better-than-expected adjusted quarterly profit on Thursday as lower crude oil prices helped improve refining margins. Growing output from the Permian Basin in Texas and New Mexico, where Western's refineries are located, has combined with inadequate pipeline infrastructure to create a glut and suppress crude...
Feb 26- Western Refining Inc reported a fourth-quarter profit compared with a loss a year earlier, helped by improved refining margins and a hedging gain. The U.S. oil refiner reported a net profit attributable to the company of $130.9 million, or $1.33 per share, in the quarter ended Dec. 31, compared with a net loss of $7.3 million, or 9 cents per share.
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West Texas intermediate crude dropped below $80 a barrel, hitting two-year lows, with some analysts predicting that it could go lower.
Traders are concerned that longer-term global growth will impact demand for crude oil. So will producers scale back?
Venezuela's state-run oil company is seeking offers for its U.S. unit Citgo Petroleum in a deal that could fetch up to $10 billion.
Some of Tuesday's midday movers:
With reassurances that the Fed will keep on easing, markets turn their attention to the European Central Bank Thursday, hoping for a rate cut.
A surprise drop in gasoline supplies sent oil and gasoline futures higher, but pump prices are likely to head lower.
Take a look at some of Tuesday's midday movers:
In a domestic energy market developing faster than just about anyone can remember, the key is in finding an edge.
A looming increase in taxes could force the hand of some companies to issue special dividends before year end, making it a record year for payouts, but which ones?
Gasoline prices — along with oil company profit margins — will likely head downward in the next several weeks, but one stock still has growth potential, Deutsche Bank oil analyst Paul Sankey said Thursday on CNBC.
NEW YORK-- Shares of several oil refining companies fell Wednesday after Chevron Corp. said its third-quarter results will be substantially lower than its second-quarter earnings.
*Raymond James Raises HollyFrontier Corp target price to $44 from $42. *Raymond James Raises Valero Energy target price to $36 from $32. *Raymond James Raises Western Refining target price to $32 from $31 For a summary of rating and price target changes on U.S. companies:.
Goldman Sachs analysts are favoring four oil-patch stocks, giving them potential six-month price increases of as much as 95 percent. This comes at a time when oil prices, a great determinant of energy companies' earnings and share-price performances, have been highly volatile.
Oil prices continued to march higher Tuesday, nearing $100 per barrel. But Stephen Schork, editor of The Schork Report, told the “Fast Money” team the sharp gains make no reasonable or logical sense.