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By Phil Flynn |
May 17, 2013
Against a backdrop of rising supply and a murky economic backdrop, RBOB gasoline rises up out of the ashes. Ok maybe not ashes but rising on refining and pipeline issues as we get ready to top off the tank for the upcoming kickoff to the summer driving season.
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By Phil Flynn |
March 11, 2013
After a late spike on Friday afternoon and more follow through this morning, RBOB futures are rebounding like crazy. Refiners are drawing down winter blend inventories and supply is falling.
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By Phil Flynn |
September 7, 2012
About an hour before the pit session closed yesterday, a story circulated that there was going to be a release of oil from the Strategic Oil Reserve this weekend and that started the big sell-off.
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By Daniel Cancel and Charlie Devereux, Bloomberg |
August 28, 2012
Venezuelan authorities will turn their attention to resuming production at the country’s biggest refinery after putting out fires at fuel storage tanks.
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By Daniel Cancel, Bloomberg |
August 27, 2012
A blaze at Venezuela’s largest refinery spread to a third storage tank as firefighters try to contain flames burning since an Aug. 25 gas explosion killed at least 48 people.
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By Cathy Chan, Matthew Campbell and Brian Swint, Bloomberg |
August 14, 2012
BP Plc is seeking as much as $7.9 billion before tax payments for a group of Gulf of Mexico oilfields as it unloads assets following its 2010 spill in the region, two people with knowledge of the matter said.
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By Phil Flynn |
August 14, 2012
Another choppy, light volume day and if you were not paying close attention, you might not realize that oil is going higher.
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By Inyoung Hwang, Bloomberg |
August 13, 2012
The Standard & Poor’s 500 Index fell for the first time in seven days, ending the longest streak of gains in 20 months, as Japan’s economy grew less than forecast and Bank of America Corp. cut its outlook for Chinese growth.
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By Lynn Doan and Mark Chediak, Bloomberg |
August 7, 2012
A fire at Chevron Corp.’s Richmond oil refinery in California may push gasoline prices higher today as it disrupts fuel output at the state’s third-largest crude- processing plant.
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By Phil Flynn |
August 6, 2012
It was a weekend of horror for drivers in the Midwest if they dared to pull up to the gas pump. A series of events conspired to create a historic gas price spike and ultimately a gas shock pop.
