Oil & Gas Refining & Marketing

Sunoco, Inc. (NYSE: SUN) today announced it has reached a definitive agreement to acquire 25 retail locations from Lehigh Gas Corporation, a Bethlehem, Penn.-based distributor of petroleum products. The terms of the purchase were not disclosed. The retail assets are located in the Buffalo,...

Sunoco, Inc. (NYSE: SUN) announced today that it has been selected by The Ohio Turnpike Commission to operate the fuel stations at the 16 service plazas along the Ohio Turnpike under an initial lease agreement from 2012 through 2016 with renewals available through 2026. Sunoco had previously...

Sunoco Inc. (NYSE: SUN) has agreed to disclose important new information on its safety policies and track record at refineries and other production facilities, a move that the United Steelworkers commends. This action came in response to a shareholder proposal filed by the AFL-CIO Reserve Fund...

It looks like the SunCoke spinoff from Sunoco (SUN) might not be completed by the initial target date set by the company of 1H 2011.  Ongoing litigation with one of their biggest customers, ArcelorMittal (MT - also a company on our spinoff radar), is the reason for the potential delay. Apparently,...

Shares of World Fuel Services Corporation (NYSE: INT) are higher on the session by 2.18%, currently trading at $36.48. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the...

Unconfirmed Rumors Circulate that Frontier Oil Corp. (FTO) will be acquired Valero Energy Corp. (VLO) on a stock deal valued at $25.

Direxion Daily Real Estate Bear 3X (ETF) (NYSE: DRV) dropped 3.76% on Monday, as the real estate stocks traded higher. AMB Property Corporation (NYSE: AMB) gained 2.25%, and D.R. Horton, Inc. (NYSE: DHI) added 3.69%. DRV closed at $19.95, and this was the third trading session in a row that it...

World Fuel Services Corporation (NYSE: INT) announced today that, through a wholly-owned European subsidiary, it has signed a definitive agreement to acquire Nordic Camp Supply ApS based in Aalborg, Denmark. The purchase price for the transaction will be $68.5 million, which may be increased if...

Direxion Daily Small Cap Bull 3X Shares(ETF) (NYSE: TNA) gained 2.76% today, as the Russell 2000 Index traded higher. TNA closed at $70.39, and had a volume of 7.26M traded shares. Direxion Daily 30-Year Treasury Bull 3X Shares (NYSE: TMF) jumped 1.95%, and closed at $31.85. TMF had a volume of...

Clean Energy Fuels Corp. (Nasdaq: CLNE) has signed an agreement with The Hertz Corporation (NYSE: HTZ) to build, operate and supply a compressed natural gas fueling station on Hertz-owned property adjacent to Los Angeles International Airport. The new Clean Energy CNG fueling facility, available 24...

The U.S. Energy Department's weekly inventory release showed a large drop in crude stockpiles – the biggest weekly decline in eight years – while gasoline supplies posted a smaller-than-expected build. The agency's report further added that distillate stocks climbed unexpectedly and refinery run-...

The U.S. Energy Department's weekly inventory release showed a large drop in crude stockpiles – the biggest weekly decline in eight years – while gasoline supplies posted a smaller-than-expected build. The agency's report further added that distillate stocks climbed unexpectedly and refinery run-...

World Fuel Services Corporation (NYSE: INT) announced today that its wholly-owned subsidiary, World Fuel Services, Inc., has signed a definitive agreement to acquire The Hiller Group, Inc. and certain affiliates. The transaction, which is expected to be $0.05 to $0.07 accretive to earnings in the...

Independent refiner and marketer of refined petroleum products, Tesoro Corporation (TSO) announced plans to separate a portion of its logistics business to form a Master Limited Partnership (MLP). In this respect, Tesoro also intends to raise contribution worth $200 million through an initial...