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U.S. equity markets opened flat this morning, largely due to a slew of data from Europe that essentially cancelled any good news with an equal dollop of bad. U.S. unemployment data came out before...
U.S. equity markets opened lower this morning before bouncing into positive territory briefly and then turning south again. As happened yesterday, the focus was on Europe, where Italy’s oldest bank...
Thinkstock BP, Texas City refineryWhen oil refiner Valero Energy Corp. (NYSE: VLO) reported a big earnings beat this morning, it was almost inevitable that the halo would also appear above the other...
ThinkstockCrude oil transportation on the Seaway pipeline resumed today at the pipeline’s full capacity of 400,000 barrels a day now available to shippers wanting to move crude from the storage...
ThinkstockPipeline master limited partnership Kinder Morgan Energy Partners LP (NYSE: KMP) announced this afternoon that it will update the scope of its expansion of the Trans Mountain pipeline...
We have reported at great length recently on the lists put out by Wall Street firms that highlight their best of the best picks. Whether it is the “Conviction Buy List,” a “Focus List,” or...
ThinkstockOil refiner Tesoro Corp. (NYSE: TSO) announced late yesterday that it would close its 93,500 barrel per day refinery in Kapolei, Hawaii, this coming April. The company has been seeking a...
thinkstockLooking back on 2012, it is hard to discern the biggest story in the oil and gas sector. The reshuffling of assets was certainly a contender, as was the huge growth in U.S. oil production....
ThinkstockLast night’s agreement on a fiscal cliff deal is lifting the commodities markets this morning, especially for crude oil. Traders are reacting to the now-lessened chance of a global...
ThinkstockLooking back on 2012, it is hard to discern the biggest story in the oil and gas sector. The reshuffling of assets is certainly a contender, as is the huge growth in U.S. oil production....
U.S. equity markets opened about flat this morning but fell into a swoon following remarks from House Speaker John Boehner indicated that there has been no change to the gridlock in negotiations on...
The list of the best stocks of 2012 on the S&P 500 Index is one which makes sense in some cases and doesn’t in other cases. Some of these are simply recovery situations from lows but a few are...
ThinkstockWhen California gasoline prices topped $5 a gallon early last month, the state’s big refiners said they were performing maintenance at some of the plants and a couple were recovering from...
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall St. research calls this Wednesday. Barrick Gold Corp. (NYSE: ABX) cut to Hold at Argus. Changyou.com Ltd....
Last week we noted that Royal Dutch Shell plc (NYSE: RDS-A) (NYSE: RDS-B) had applied for a permit to export U.S. crude. BP plc (NYSE: BP) has already received a permit to export U.S. crude to...