Sentences with phrase «oil refiner in»

Valero Energy (VLO) is the leading oil refiner in the U.S..

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.

Investing is buying Macy's and Oil Refiners in the second quarter, and making sure the underperformance does not affect your investment philosophy.

Not exact matches

Marathon Petroleum has announced it will buy competitor Andeavor in a $ 23.3 billion deal that will create the largest independent oil refiner by capacity in the U.S., surpassing the established leader Valero Energy.

These developments raise the possibility that Canada's two leading pipeline companies will lose out to American rivals in the race to get fast - rising oil production from Alberta, Saskatchewan and North Dakota to higher paying refiners on the Gulf Coast, Asia and California.

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.

A mild winter led to swelling distillate stockpiles, resulting in a rare winter occurrence where heating oil traded at a discount to gasoline, catching refiners off - guard at a time when they typically increase distillate production to meet high demand for heating oil.

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.

The pipeline or any other way to bring Western Canadian Crude to Tex refiners would speed up oil extraction in Alberta and increase world supplies, which would bring down oil prices for all Americans, by about a dollar a barrel according to Levi.

China's Sinopec, Asia's largest refiner, plans to cut Saudi crude oil imports loading in May by 40 percent after national oil company Saudi Aramco set higher - than - expected prices, an official from the company's trading arm Unipec said.

The Greek state is selling a 31 percent stake in DESFA and Hellenic Petroleum, Greece's biggest oil refiner and the other shareholder in the operator, 35 percent.

Refiners in the U.S. Midwest, Ontario, Alberta, B. and Washington get their raw material from the Western Sedimentary Basin, production from which is growing thanks to the Alberta oilsands, the Bakken field in Saskatchewan and North Dakota and oil shales in the Rocky Mountain states.

If the marginal barrel is moving by pipeline, the difference between oil in Alberta and oil on the east coast is likely to be comparable to the shipping tolls on Energy East, and so running Canadian oil would not save refiners any money at all relative to running imported crude.

Marathon Petroleum agreed to buy rival Andeavor for $ 23.3 billion in the biggest - ever deal for an oil refiner that would create the largest independent fuel maker in the U.S. Bloomberg Intelligence's Fernando Valle talks with Bloomberg's Alix Steel about the historic deal.

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.

While we are seeing great increases in U.S. shale oil production, the truth is that many U.S. refiners have lighter condensate than they need for heavy crude to ramp up.

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.

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.

April 30 U.S. oil refiner Marathon Petroleum Corp, which has agreed to buy rival Andeavor, reported an increase in first - quarter profit, helped by higher refining and marketing margins.

Those waivers have been traditionally given to refiners in hardship, but recently the US Administration seems to have leaned towards Big Oil in its battle with Big Corn.

When diving into the valuation ratios based on trailing earnings and free cash flow, the energy sector offered a choice was between E&P and Integrated oil companies that had sustained large drops in their earnings, and Refiners who had an earnings yield close to 12 %, and had seen an uptick in earnings.

One bad quarter does not mean that the investment process is broken, that it was a mistake to invest in Macy's or Oil Refiners or Value stocks in general.

The plunge in crude prices all but killed profits at China's top energy producer and its largest oil refiner.

Traditionally, when oil futures decline, prices in the physical markets tend to rise because crude is becoming cheaper and hence more attractive to refiners.

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.

Longtime oil refiners UOP have a new refining process that turns plant oils into jet fuel — that has, in turn, been used to power everything from a commercial jet to an F / A -18, dubbed the «Green Hornet.»

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.

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

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.

We did well when oil prices crashed since many ETFs just lump refiners in with the general oil sector.

Clear winners are the gulf coast refiners based in the U.S. Oil from the Canadian oil sands currently trade at a discount to oil along the Gulf Coast and WOil from the Canadian oil sands currently trade at a discount to oil along the Gulf Coast and Woil sands currently trade at a discount to oil along the Gulf Coast and Woil along the Gulf Coast and WTI.

As Warren Buffett continues adding to his stake in oil refiner Phillips 66 (PSX), many investors are wondering if Valero (VLO), another refiner, is an equally attractive dividend stock.

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.

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

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.

The few Oil Refiners we have in this country should absolutely STOP PRODUCTION.

This is because U.S. oil refiners «guessed wrong» on the U.S. oil boom (in light oils) and invested billions to configure their plants for heavy oils.

In an interview with The Globe and Mail editorial board, David Collyer, president of the Canadian Association of Petroleum Producers, said the Keystone XL line is needed to connect the Alberta oil sands with refiners who have invested billions of dollar to upgrade their plants so that they can process heavy grades of crude.

In January, the National Association of Manufacturers hired a former Bush administration lawyer to counter litigation filed against oil refiners and other companies.

Subtitle B: Disposition of Allowances -(Sec. 321) Amends the CAA to set forth provisions governing the disposition of emission allowances, including specifying allocations: (1) for supplemental emissions reductions from reduced deforestation; (2) for the benefit of electricity, natural gas, and / or home heating oil and propane consumers; (3) for auction, with proceeds for the benefit of low income consumers and worker investment; (4) to energy - intensive, trade - exposed industries; (5) for the deployment of carbon capture and sequestration technology; (6) to invest in energy efficiency and renewable energy; (7) to be distributed to Energy Innovation Hubs and advanced energy research; (8) to invest in the development and deployment of clean vehicles; (9) to domestic petroleum refineries and small business refiners; (10) for domestic and international adaptation; (11) for domestic wildlife and natural resource adaptation; and (12) for international clean technology deployment.

And they warn that investing billions of dollars in oil transportation will lock the U.S. into continued dependency on an increasingly heavy type of imported crude that will drive up emissions both from the foreign producer and the domestic refiner.

The cellulosic ethanol movement got a much needed boost yesterday with the announcement that Valero, the nation's largest independent oil refiner, is investing $ 50 million into the Mascoma Corporation's plans to build a commercial sized wood - based biofuel refinery in Kinross, Michigan.

Texas - based Tesoro Corporation, another oil refiner, is also heavily invested in the fight.