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Diesel Outages Starting To Rise In Southeast On Back Of Colonial Closure
Wednesday, May 12, 2021 - 10:35am | 839Read More...Major fuel suppliers in the Southeast are starting to list an increasing number of outlets with no diesel supplies as the shutdown of Colonial Pipeline heads into its sixth day. While the market waits for an expected announcement Wednesday evening regarding whether Colonial believes it can safely...
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Market Braced For Earnings From Disney Tomorrow, A Key Reopening Barometer
Wednesday, May 12, 2021 - 10:17am | 2647Read More...A sharp rise in April consumer prices put stocks under more pressure early Wednesday, but the data really shouldn’t come as much of a surprise. We’re having an initial reaction now where everything sells off and rates are pushing higher, but we’ve already seen hints of this...
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How Much Of A Spending Boost Are Cheap Gas Prices?
Friday, June 30, 2017 - 3:23pm | 764Read More...Gas prices, despite the historical norm of rising amid the summer driving season, is trending lower. From a consumer perspective, it is definitely good news, as it would pinch their pocket less and in turn leave them with additional disposable income. The promise it holds for consumer spending...
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OPEC's Biggest Threat: American Drivers?
Friday, March 17, 2017 - 8:53am | 387Read More...OPEC, the multi-nation group of some of the world's largest and most powerful oil countries, should be worried that President Trump's America-first and energy friendly policies will prove to be a formidable competitor in the global oil market. But there's another threat to OPEC's...
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As New Jersey Increases Its Gas Tax, Find Out How Your State Ranks
Monday, October 31, 2016 - 2:31pm | 282Read More...On Tuesday, New Jersey drivers will begin paying an extra 23 cents in taxes for every gallon of gas they buy. New Jersey Gov. Chris Christie recently signed into law a bill that will raise the state’s gas taxes for the first time in 30 years. Prior to the hike, New Jersey’s state...
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Royal Dutch Shell Could Be A Play For Investors Expecting A Recovery In Oil Prices
Tuesday, August 23, 2016 - 1:49pm | 346Read More...Royal Dutch Shell plc (ADR) (NYSE: RDS-A) (NYSE: RDS-B) could be one of the best long-term energy value plays. According to a new note by Argus analyst Bill Selesky, the firm maintains its Buy rating and sees 13 percent upside for the high-yielding stock. “We expect Shell’s...
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Valero Energy Investment Thesis On Track, Says Credit Suisse
Tuesday, August 23, 2016 - 11:30am | 368Read More...After Monday's market close, Valero Energy Partners LP (NYSE: VLP) announced that it had acquired Meraux and Three Rivers Terminal Services Business from Valero Energy Corporation (NYSE: VLO) for $325 million. Credit Suisse’s Bhavesh Lodaya maintains an Outperform rating on Valero Energy...
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Oil Stages Mid-Day Selloff; Quickly Rebounds Following Large Build In Crude Oil Inventories
Wednesday, August 3, 2016 - 12:01pm | 449Read More...Official U.S. crude oil data for the week ending July 29 revealed that crude oil refinery inputs averaged approximately 16.852 million barrels a day. This was 266,000 barrels per day higher than the 16.586 million recorded in the preceding week. Following the release of the data, crude oil prices...
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How Affordable Is U.S. Gasoline Compared To The Rest Of The World?
Monday, July 18, 2016 - 2:28pm | 370Read More...According to GasBuddy, the average price for a gallon of gas in the United States is currently about $2.20/gallon. However, Americans who have taken summer vacations know that prices can vary significantly depending on location. For example, the average gas price in South Carolina is only $1.87/gal...
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Marathon Oil Upgraded At Morgan Stanley To Overweight Amid 'Fastest Improving Unconventional Plays In The US'
Tuesday, June 21, 2016 - 9:12am | 219Read More...Marathon Oil Corporation (NYSE: MRO)'s recent STACK acquisitions add meaningful leverage to the “the fastest improving unconventional plays in the US, allowing for capital efficient growth into the next up-cycle,” according to Morgan Stanley’s Evan Calio. Calio upgraded the rating...
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New ETF Takes Both Sides Of The Commodities Trade
Friday, May 20, 2016 - 2:17pm | 290Read More...Long/short is a popular strategy in the hedge fund community and one made accessible to investors of all stripes by the exchange-traded funds industry. Typically, long/short ETFs are equity-based, but investors can now take both sides of the commodities trade with the First Trust Alternative...
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Sunoco: A Top Defensive Pick for Low Gasoline Prices?
Friday, April 15, 2016 - 8:21am | 264Read More...Sunoco LP (NYSE: SUN) is now poised to benefit from the investments of more than $6 billion that it has made over the last 18 months. JPMorgan’s Andrew R. Burd maintained an Overweight rating for the company, while reducing the price target from $51 to $48. The analyst identified the company...
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American Petroleum Institute Urges Candidates To Outline Their Oil And Energy Visions
Sunday, November 1, 2015 - 8:39pm | 748Read More...America Petroleum Institute wants candidates to outline their pro-energy vision for America. API says it’s about the economy and jobs and candidate positions matter Key statistics indicate a one-cent drop in the price of gas saves Americans a billion dollars. With nearly everyone –...
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Crude Oil At 6-Year Lows, Oppenheimer Analyst Feels Circulated Reasons Are 'Exaggeration'
Tuesday, March 17, 2015 - 1:33pm | 328Read More...After having a decent run in the last few weeks, oil is slumping heavily again. Breaking the $44 a barrel (bbl) mark Monday, WTI Crude now trades at its six-year low. Fadel Gheit, senior energy analyst at Oppenheimer, was on CNBC Monday to share his outlook on oil and to discuss what would likely...
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Best And Worst ETFs Of The Week Amid The Hunt For NASDAQ 5,000
Saturday, February 28, 2015 - 2:07pm | 427Read More...The stock market finished virtually unchanged since last Friday, as the tug of war between bulls and bears led to a period of consolidation. On the bright side, the SPDR S&P 500 ETF Trust (NYSE: SPY) finished out the month of February with a gain of 6 percent. This included a new all-time,...














