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By Phil Flynn |
January 29, 2013
RBOB futures soared and rocked to the highest level since last September as concern about tight supply in a New York harbor is causing a bit of panic. It seemed to get an extra shot of enthusiasm when Hess announced it is exiting the refining business
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By Rita Nazareth and Susanne Walker, Bloomberg |
December 13, 2012
U.S. stocks fell, halting a six-day rally in the Standard & Poor’s 500 Index, as the standoff in federal budget negotiations overshadowed a drop in jobless claims and growth in retail sales.
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By Bradley Olson, Bloomberg |
December 13, 2012
Phillips 66, the crude refiner that was spun off from ConocoPhillips in May, plans to raise as much as $400 million in an initial public offering next year for a minority interest in some of its pipeline and logistics assets.
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By Rita Nazareth, Bloomberg |
October 25, 2012
U.S. stocks were little changed, with benchmark indexes trading near seven-week lows, as Americans signed fewer contracts than forecast to purchase previously owned homes and investors monitored earnings.
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By Barbara J Powell, Bloomberg |
October 3, 2012
U.S. gasoline prices at the pump are poised to drop by year end, if history is any guide, as refineries resume production, Europe exports more fuel to the East Coast and Americans drive less.
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By Noah Buhayar, Bloomberg |
August 15, 2012
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.
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By Rita Nazareth, Bloomberg |
August 1, 2012
U.S. stocks fell, reversing earlier gains, as the Federal Reserve’s pledge to provide additional support for the economy disappointed investors anticipating a more definitive sign of further monetary easing.
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By Silla Brush, Bloomberg |
July 10, 2012
The U.S. Commodity Futures Trading Commission voted today to define when trades are considered swaps under the Dodd-Frank Act, a step that triggers more than a dozen rules under the 2010 financial-regulation overhaul.
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By Ayesha Daya, Bloomberg |
June 26, 2012
Oil was little changed in New York after a storm avoided the Gulf of Mexico’s energy-producing area and amid speculation European leaders will fail to stem its debt crisis that threatens to curb fuel demand.
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By Joe Carroll, Bloomberg |
June 21, 2012
Chesapeake Energy Corp. named former ConocoPhillips Chairman Archie Dunham to lead its board as the second-largest U.S. natural-gas producer struggles with falling energy prices and mistrust of its management.
