Oil & Gas Refining & Marketing

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...

Shares of El Paso, Texas-based Western Refining Inc. (NYSE: WNR) are trading down 8.6% at $9.70 per share during the Monday afternoon trading session. The company's stock was downgraded earlier today by RBC Capital Markets from Sector Perform to Underperform and the price target was raised from $7...

Deutsche Bank expects Tesoro Corporation's (NYSE: TSO) analyst meeting to try to emulate the success of Sunoco (NYSE: SUN), where new management present restructuring & cost-cutting. “The problem is there is less to restructure in pure-play TS,” Deutsche Bank writes. “MLP'ing pipes only...

Credit Suisse released its Global Oil Daily Report today which comments on Tesoro's (NYSE: TSO)EBITDA. In a note to clients, Credit Suisse writes, "We outline 5 routes to higher EBITDA - selfhelp, retail growth, logistics, crude optimization, and the return of Anacortes. The best performing...

Ness Technologies Inc (NASDAQ: NSTC) rose 20.22% to $5.53 in the pre-market session. According to Calcalist report, four investment funds are bidding to buy NSTC for around $300 million. JDS Uniphase Corporation (NASDAQ: JDSU) added 4.66% to $14.05 in pre-market trading. Analysts at Piper Jaffray...

Analysts at RBC Capital Markets downgrade Western Refining Inc (NYSE: WNR) from "sector perform" to "underperform." The target price for WNR has been raised from $7 to $8. WNR's shares gained 3.91% to close at $10.62 on Friday. More Analyst Ratings here

IndexUniverse posted a blurb about a new FTSE index that will weight "emerging market" countries by investor fund flows subject to some sort of market cap weighting process. I take this to mean that Slovakia could never be 18% of the index like China is of the EEM fund but maybe Slovakia could...

The U.S. Energy Department's weekly inventory release showed a sharp fall in crude stockpiles, while refinery run-rates increased significantly from the previous week. Gasoline and distillate stocks, meanwhile, posted a larger-than-expected build. The Energy Information Administration (“EIA”)...

The U.S. Energy Department's weekly inventory release showed a sharp fall in crude stockpiles, while refinery run-rates increased significantly from the previous week. Gasoline and distillate stocks, meanwhile, posted a larger-than-expected build. The Energy Information Administration (“EIA”)...

Rentech, Inc. (NYSE: RTK) is pleased to announce that General Wesley K. Clark has been appointed to the Company's Board of Directors.

Citigroup has published a research report on CenterPoint Energy (NYSE: CNP) after the company received a decision from the Administrative Law Judge (ALJ). In the report, Citigroup writes "Centerpoint received a decision from the ALJ for the Public Utility Commission of Texas (PUCT) on CNP Electric'...

Leading transportation fuel provider Sunoco Inc. (SUN) entered into a definite agreement with Toledo Refining Company LLC for the sale of an oil refinery in Toledo, Ohio. Toledo Refining is an affiliate of PBF Holding Company LLC and will pay approximately $400 million for the deal. Under the...

Leading transportation fuel provider Sunoco Inc. (SUN) entered into a definite agreement with Toledo Refining Company LLC for the sale of an oil refinery in Toledo, Ohio. Toledo Refining is an affiliate of PBF Holding Company LLC and will pay approximately $400 million for the deal. Under the...