Gasoline in New York rallied following a reported outage at Irving Oil Corp.’s Saint John, New Brunswick, refinery, which exports about half of its production to the Northeast market. Futures have jumped 7.9 percent since Sept. 12.
The last time a politician named Trudeau tried to regulate Canada’s energy industry, it sparked outrage in Alberta. Justin Trudeau is betting his plan to manage growth in the oil sands will be less combustible.
RBOB soared on rumors that a Canadian refiner was in the cash market buying product. Sure enough our refining nightmare continues. That makes three refineries that serve the New York Harbor market have units shut or slowed.
Berkshire Hathaway Inc. added a stake in National Oilwell Varco Inc. in the second quarter as billionaire Chairman Warren Buffett pared investments in consumer-products stocks including Procter & Gamble Co.
Irvin Goldman, who oversaw risks in the JPMorgan Chase & Co. unit that suffered more than $2 billion in trading losses, was fired by another Wall Street firm in 2007 for money-losing bets that prompted a regulatory sanction at the firm, Cantor Fitzgerald LP, three people with direct knowledge of the matter said.