Sentences with phrase «of oil refiner»

Buffett's Berkshire Hathaway Inc. paid some $ 390 million for another 5.1 million shares of oil refiner Phillips 66 this month, boosting its investment to 65.68 million shares that today are worth around $ 5.21 billion.

Not exact matches

MOVERS AND SHAKERS: Saudi Arabia's state - oil giant Aramco has added its first female director to its board: Lynn Laverty Elsenhans, the former chairwoman, president and CEO of U.S. oil refiner Sunoco.

San Antonio is home to five Fortune 1000 companies, including oil refiner Valero Energy and provider of insurance to military families USAA.

At the beginning of 2011, the small integrated energy company voluntarily split into a pure - play upstream company, called Marathon Oil, and a pure - play refiner, called Marathon Petroleum Corporation.

The possibility of Venezuelan oil import restrictions has divided White House advisors, and now is pitting Harold Hamm, chairman and CEO of Continental Resources and energy advisor during President Trump's campaign, against U.S. refiners that import Venezuelan crude to process at their refineries.

As one of the country's largest independent refiners, Phillips 66 hasn't taken as severe a beating from the cheap - oil shocks that shook the rest of the energy industry.

Saudi Aramco has added Lynn Laverty Elsenhans, the former chairwoman, president and CEO of U.S. oil refiner Sunoco, to the board.

America might be on its way to become a net oil exporter, but there's no reason why this should get in the way of building pipelines that connect different types of oil plays to the refiners best equipped to turn their crude into the petroleum products that feed North America's economy and the world's.

Trump hosted a series of meetings with advocates for the corn and oil industries at the White House since late last year aimed at reforming biofuels regulations in a way that cuts costs for refiners without reducing overall biofuels demand.

It is a mirror image of what happened with distillate products in the winter, when weak demand for diesel and heating oil left a big surplus in those products, and hammered independent refiners» earnings at a time when those products are normally in high use.

This causes it to trade at a discount to world oil prices, giving those refiners fatter margins and U.S. consumers a bit of relief at the pump.

A petroleum refiner, Hess has not escaped the consequences of the oil glut.

Or get a sworn, binding statement — with securities law enforcement — from TransCanada and the refiners that all of the Keystone - shipped oil will stay here.»

Oil Refiners and Homebuilders are two examples of industry sectors with disappointing price action over the past two weeks.

Marathon Petroleum announced it is buying oil refiner Andeavor for $ 23.3 billion, creating the largest oil refiner in the U.S. and one of the top five in the world.

The oil futures editor of the service noted that «U.S. inventory data will reflect post-Hurricane Harvey adjustments for another few weeks, at a minimum, as Gulf Coast refiners, terminals and ports continue the process of returning to normal.»

Crucially, much of that goes to the Gulf Coast, and nearly all of it is in the form of heavy crude, a type of oil for which Gulf Coast refiners are particularly equipped to handle.

For eastern refiners, it's not clear that access to 1.1 million barrels of oil by pipeline will have a large impact on volatility, although a wider market will always lead to some reduction in volatility.

The U.S. sale from the reserve was expected at some point but the timing of the purchase shows that refiners need supply now because even with the increase in supplies this week, oil supply are below the average range for this time of year.

If you believe that, in times of crisis, a West - East pipeline will provide eastern refiners at oil below the world price, you are assuming that western producers will sell oil below world prices in times of crisis.

Last week's strange diesel exports are more likely an anomaly than a trend: As the U.S. continues to ramp up output of light, sweet, Texas oil, refiners» ability to pump out diesel will be threatened, and the U.S. will soon face a shortfall, Fitch's BMI Research analysts said Wednesday in a note.

[Steve Eisman] A write - up on the impending Hilton (HLT) spinoff [Clark Street Value] CBRE (CBG): industry deep dive to detect an emerging moat [Punch Card] A look at Discovery Communications (DISCA / K)[Contrarian Edge] Sustainable sources of competitive advantage [Collaborative Fund] Why deep learning matters and what's next for AI [Algorithmia] The unexpected genius of Facebook's Mark Zuckerberg [Fortune] Google's online travel adventure upsets its biggest advertisers [Bloomberg] A billionaire's dreams of creating a guns empire [NYMag] If oil refiners crash, so will the economy [WSJ] Mastercard, Visa set to reap spoils of India's war on cash [Bloomberg] How Best Buy (BBY) fought Amazon [WSJ] The evolution of media & entertainment: conversation with CEOs [YouTube] How to get comfortable with being umcomfortable [Inc] Why gut feelings may really help you make risky decisions [Washington Post] Why stoicism is one of the best mind - hacks ever devised [Aeon]

South Korean refiner Hyundai Oilbank has bought its first cargo of Canadian Cold Lake crude oil, according to three sources with knowledge of the matter.

In other cases, the story is more nuanced: For example, oil and gas extraction firms benefit, while the producers of petroleum and coal products lose, echoing the tension between refiners and oil - shale producers.

Hengli Petrochemical, part of the Chinese chemical giant Hengli Group, has obtained government approval to import 400,000 b / d of crude oil — the largest quota ever handed to a private Chinese refiner, as it aims to start a new refinery this year.

How to allocate among subindustries of a) Integrated Oil companies, like Exxon, and b) Exploration & Production companies that dig the oil out of the earth or c) refiners that buy oil, process it and resell Oil companies, like Exxon, and b) Exploration & Production companies that dig the oil out of the earth or c) refiners that buy oil, process it and resell oil out of the earth or c) refiners that buy oil, process it and resell oil, process it and resell it.

Phillips 66 is widely known as a refiner, and refiners benefit from lower prices of oil because they have to pay less for each barrel of crude oil to perfect (and can thus capture higher margins by doing so).

It's unclear whether someone buying a petro would have the right to a barrel of oil, what would happen to that petro once the barrel of oil backing it is presumably sold to a refiner, whether the value of the petro will fluctuate with the oil price, or who might even accept the petro as a currency for payment.

«We will work with suppliers, traders, and refiners to source palm oil and derivatives that will be traceable to known sources for the vast majority of our purchased oils.»

President Barack Obama has said he will make a final decision on whether to allow the pipeline connecting Canada's oil sands region to Texas refiners and several government agencies had been given until the end of May to weigh in.

Regarding Keystone, I myself think it is clear that Obama should say no to Keystone, because it is something in his power to do, which would have some effect on retarding development of the tar sands (despite what the flawed State Department EIS [Environmental Impact Statement] said), and because we really wouldn't get any significant benefit from saying yes; no real oil security, few permanent jobs, and most of the money goes to Canada and to refiners in free - trade zones.

By linking Canadian fields to refiners in the Gulf Coast, the 1,200 - mile (1,900 - km) Keystone XL pipeline would be a boon to an energy patch where oil sands are abundant but that produce more carbon pollution than many other forms of crude.

Just as a typical oil refiner cracks petroleum into a mixture of hydrocarbons ranging from ethane to jet fuel, Virent transforms sugars into a fuel that has a 102 octane rating.

The oil industry unsuccessfully urged the EPA to lower the federal mandate to use 16.55 billion gallons of biofuels in 2013, saying it would unduly burden refiners.

CALGARY, Alberta (Reuters)- TransCanada Corp on Thursday said it would move ahead with Canada's largest - ever pipeline, expanding the scale of its $ 12 billion plan to ship oil sands crude in the West to refiners on its east coast and beyond as its U.S. - bound Keystone XL line stalls in Washington.

A lack of capacity on this end along with pipelines facing environmental opposition have led California refiners to import oil, often from foreign sources, via ship and pay a higher price for doing it.

Do refiners and E&P companies benefit similarly from a rise in the price of oil?

There's been lots of price action among oil refiners and marketers, food retailers, technology... Read More

In Verlegger's testimony, he says «Over the last six months, U.S. refiners liquidated as much as 50 million barrels of crude oil stocks.

Canadian pipeline firms, oil sand producers and gulf coast refiners are some of the winners from the projects approval.

Oil drilling companies are not as affected by oil prices as producers and refiners, but the stock prices of drillers seem to always follow oil prices anywOil drilling companies are not as affected by oil prices as producers and refiners, but the stock prices of drillers seem to always follow oil prices anywoil prices as producers and refiners, but the stock prices of drillers seem to always follow oil prices anywoil prices anyway.

It expects palm oil refiners to develop a time - bound plan for RSPO certification and to maximize the use of RSPO - certified palm oil.

MLPs as we know them today are primarily involved in the ownership of oil and gas assets, mostly pipelines, but they can also own things like oil refiners.

On the other hand, oil refiner and wholesale marketer Frontier Oil Corporation (FTO) has the highest current earnings yield, with a figure of 13.7oil refiner and wholesale marketer Frontier Oil Corporation (FTO) has the highest current earnings yield, with a figure of 13.7Oil Corporation (FTO) has the highest current earnings yield, with a figure of 13.7 %.

As an example, a refiner is likely to pay a premium to have oil when there is a shortage so that its production of gas is not disrupted.

Plantations (7 %): Wilmar, a palm - oil plantation owner & refiner, which owns / manages over 700,000 acres of plantations.

Sadly, this hits a concentrated area of my portfolio, which has a concentration in oil refiners.

The US Government announced that it would allow the export of partially refined crude oil, and US refiners got hit.

This strategy also results in unanticipated, or «windfall» profits: If the contract is purchased forward twelve months at $ 100 and the actual price is $ 150, the refiner will take delivery of one barrel of oil at $ 100 and the other at a spot price of $ 150, or $ 125 averaged for two barrels: a gain of $ 25 per barrel relative to spot prices.

I sought reactions to my post on President Obama and the «Alberta tar pit» from a variety of analysts and campaigners examining the economics and environmental impacts of a proposed pipeline linking that Canadian source of oil with American refiners.