EL PASO, Texas _ Western Refining Inc. on Tuesday reported first-quarter profit of $30.5 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 31 cents per share. Western Refining shares have dropped 25 percent since the beginning of the year.
Earlier this year, Buffett's Berkshire Hathaway bought another $2 billion of Phillips 66 shares, more than doubling its stake. This month, however, shares of Phillips and others such as PBF Energy and Tesoro have tumbled from 8 to 12 percent, some from record or near-record highs, a turnaround that some dealers have linked to talk of ending the exports ban, a move...
HOUSTON, Dec 3- The U.S. Federal Energy Regulatory Commission on Thursday said Colonial Pipeline Co must justify proposed sweeping changes to its tariff governing how gasoline and distillates are shipped on the clogged fuel artery before it can take effect next year. FERC said in a filing that it accepted Colonial's revised tariff, but the changes cannot be...
A spat between regulators and Exxon Mobil is slowing a refinery in California, and keeping gasoline prices higher for local drivers.
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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.