A spat between regulators and Exxon Mobil is slowing a refinery in California, and keeping gasoline prices higher for local drivers.
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...
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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.