Oil & Gas Refining & Marketing

Buoyed by favorable trends in the refining industry along with the company's initiatives to improve reliability and reduce operating costs, we have upgraded independent refiner Tesoro Corporation (TSO) to 'Outperform' from 'Neutral'. An uptick in economic activity overseas (mainly in China and...

Ecopetrol S.A. (NYSE: EC) announced its consolidated proved reserves of oil, condensed and natural gas as of December 31, 2010 according to the Securities and Exchange Commission technical standards and prices. 98% of the reserves were audited by three specialized independent firms: Gaffney,...

World Fuel Services Corporation (NYSE: INT) announced today that its wholly-owned subsidiary, World Fuel Services, Inc., has signed a definitive agreement to acquire Ascent Aviation Group, Inc.. Ascent, based in Parish, New York, supplies aviation fuel and deicing fluid to more than 450 airports...

Citi Investment Research has a Buy rating and a $29 price target on shares of Valero Energy Corporation (NYSE: VLO). In a note to clients, Citi writes, "The seasonal trade for refining yields a 25% return from October to April with performance generally accelerating into April. With the trade...

The U.S. Energy Department's weekly inventory release showed a surprise build in crude stockpiles. The agency's bearish report further added that gasoline and distillate supplies logged a broader-than-expected climb, while refinery run-rates decreased from the previous week. The Energy...

The U.S. Energy Department's weekly inventory release showed a surprise build in crude stockpiles. The agency's bearish report further added that gasoline and distillate supplies logged a broader-than-expected climb, while refinery run-rates decreased from the previous week. The Energy...

Millions of Americans are going mobile with their Internet access. We're increasingly relying on mobile devices for all sorts of activities, but growth in Internet access is downright staggering. Last spring, a survey by the Pew Internet and American Life...

Millions of Americans are going mobile with their Internet access. We're increasingly relying on mobile devices for all sorts of activities, but growth in Internet access is downright staggering. Last spring, a survey by the Pew Internet and American Life...

Leading transportation fuel retailer Sunoco Inc. (SUN) announced that its subsidiary, SunCoke Energy, has acquired Virginia's Harold Keene Coal Co. along with its affiliated entities and related assets. Sunoco will pay approximately $40 million in cash, including working capital, for the...

Leading transportation fuel retailer Sunoco Inc. (SUN) announced that its subsidiary, SunCoke Energy, has acquired Virginia's Harold Keene Coal Co. along with its affiliated entities and related assets. Sunoco will pay approximately $40 million in cash, including working capital, for the...

Gushan Environmental Energy Limited (NYSE: GU) today announced that it intends to resume production at Fujian Gushan Biodiesel Energy Co., Ltd., or Fujian Gushan, and to commence production at Chongqing Gushan Bio-Sources Energy Co., Ltd., or Chongqing Gushan, and Hunan Gushan Bio-Sources Energy Co...

Calumet Specialty Products Partners, L.P. (Nasdaq: CLMT) today announced an increase in its quarterly cash distribution to $0.47 per unit ($1.88 per unit on an annualized basis) for the quarter ended December 31, 2010 on all of its outstanding limited partner units. The distribution will be...

Shares of Alon USA Energy, Inc. (NYSE: ALJ) are currently up 11.4% at $7.22 per share during Thursday afternoon trading. Today's trading range for shares of Alon USA Energy, Inc has been between $6.46 and $7.34 per share. The consensus price target of analysts covering the company's stock is $6.40...

The U.S. Energy Department's weekly inventory release showed a larger-than-expected drop in crude stockpiles, while gasoline and distillate supplies climbed steeply. Meanwhile, refinery run-rates were down from the previous week. The Energy Information Administration (“EIA”) Petroleum Status...