oil refiners
oil refiners Articles
Oil refiner and ethanol maker Valero Energy announced Tuesday morning that its board of directors approved an increase of $2.5 billion to its stock repurchase program.
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With the refiners starting to come back, these top stocks to buy make good sense for long-term energy investors.
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Will Greece be able to get the credit it needs to purchase the crude oil it needs to run its refineries?
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PBF Energy has agreed to purchase Chalmette Refining from co-owners Exxon Mobil and Petróleos de Venezuela.
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Just ahead of the Memorial Day weekend, one of the periods when Americans are on the road in the greatest numbers, gasoline prices have moved above $3 in seven states.
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The U.S. Energy Information Administration has now lowered its expectations on oil prices and its production forecast in 2015 and 2016.
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How much recoverable oil does the Bakken Formation have? The most recent estimate of proved reserves is just under 6 billion barrels for the entire Williston Basin, which includes the Bakken.
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The higher price of oil has pushed gasoline above $3 a gallon in four states, according to GasBuddy.
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Valero Energy reported better-than-expected first-quarter 2015 earnings before markets opened Tuesday morning.
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A report from Bloomberg has claimed more than 4,700 drilled wells in the United States have not been completed while oil producers wait for prices to rise again.
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Gasoline prices have started to march back to $3 a gallon, after breaking the $2 barrier on the way down just weeks ago.
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In another piece of news that could drive up oil prices, the International Energy Agency revised its forecast for oil demand.
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The EIA forecast of average gas prices was low enough that some portions of the United States will need to have $2 gas for the numbers to be accurate.
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According to EIA data, crude oil shipments by rail totaled just 55,000 barrels a day in 2010 and increased to more than a million barrels a day in 2014.
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California suffers from a perfect storm of conditions that keep gasoline prices high.
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