oil refiners
oil refiners Articles
Now crude prices have dropped below $45 and gas will follow them down rapidly. As a matter of fact, in some cities, gas prices are only pennies away from dropping below $2.
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The Deepwater Horizon spill has done much more damage to the Gulf of Mexico than BP claims, according to the NOAA.
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thinkstock.com Gas prices in every state are higher than they were one month ago. While the nationwide average price of $2.45 per gallon is far lower than levels one year ago, it has risen steadily...
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Most oil refining companies have seen their shares post 52-week highs since the beginning of the year.
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If gasoline prices below $2 represented the positive effect collapsed oil prices have to help consumers, that benefit is fading quickly.
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HollyFrontier reported disappointing fourth-quarter and full-year 2014 earnings before markets opened Wednesday morning.
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The strike by the United Steelworkers Union against U.S. refiners widened Sunday to include three Motiva refineries and a Royal Dutch Shell chemical plant.
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The rise in oil prices has wiped out $2 gasoline in all but three states: Idaho, Utah and Montana.
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Two of the country’s largest oil refiners posted new 52-week highs Tuesday, even as both saw picket lines outside their plant gates.
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Contract negotiations between the United Steelworkers union and oil companies fell apart on Saturday and workers went out on strike Sunday.
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Oil refiners Valero Energy and Phillips 66 reported fourth-quarter and full-year 2014 earnings before markets opened Thursday morning.
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In four American cities, the average price of a gallon of regular has dropped below $1.75, and they may soon be joined by many others.
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The number of states with the average price of a gallon of regular at less than $2 has reached 15.
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HollyFrontier waited until the market closed on Friday to announce that the company expects to take a pretax charge for the 2014 fiscal year due to the fourth-quarter drop in crude oil prices.
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Dropping crude oil prices have had a large impact on the oil and gas sector, but there is a silver lining for refinery companies or major oil companies that operate with an integrated model.
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