Wednesday, 16 May 2012 | Source: The Associated Press
Shares of Valero Energy Corp. rose Wednesday after a Dallas investment firm headed by oilman T. Boone Pickens disclosed it had purchased 188,000 shares in the petroleum refining and marketing company during the first quarter.
LONDON (Reuters) - Further European oil refineries face likely closure as their prospects of surviving the collapse of parent Petroplus are crushed by reprieves from death row of more profitable U.S. rivals.
Billionaire investor Carl Icahn won control of oil refiner CVR Energy Inc after shareholders flocked to accept a takeover offer valuing the company at about $2.6 billion, ending a three-month-long war of words with the company's board.
NEW YORK (Reuters) - Delta Air Lines' <DAL.N> extraordinary deal to rescue a Philadelphia-area refinery just weeks from being shuttered may give the unusual coterie of suitors eyeing Atlantic Basin plants a harsh lesson in the cyclical nature of the business.
Energy stocks are on pace to book their worst week of the year, with companies like Marathon Oil and Valero Energy tumbling some 8 percent... Read More
For nervous investors who choose to heed the saying “sell in May and go away,” there are several sectors and stocks that analysts recommend considering before withdrawing completely from the market.... Read More