In The News

Refinery Woes Stall Gasoline Price Drops
Monday, 08/24/2015

August 23, 2015 – Wall Street Journal

Refinery Woes Stall Gasoline Price Drops

By: Alison Sider

U.S. oil prices briefly dropped below $40 a barrel on Friday—hitting a six-year low that adds to pressure on pump prices for Labor Day road trips. But cheap gasoline isn’t a sure bet everywhere.

Even as most drivers around the country are spending 25% less on fuel than they did a year ago, California drivers have missed out on the gasoline price windfall because of refinery outages. Many drivers in the state are saving less than 10% on...

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Oil's latest milestone means another setback for Houston
Monday, 08/24/2015

August 21, 2015 – Houston Chronicle

Oil's latest milestone means another setback for Houston

By Robert Grattan and Rhiannon Meyers

U.S. oil fell below $40 per barrel for a time Friday, and U.S. stocks fell sharply for the second straight day as China's slowing economy reverberated across the globe.

The drop in oil prices continues to shake the Houston economy, portending more layoffs and budget cuts as analysts say there's no sign of a quick turnaround. Oil and gas companies hoped they had found price stability earlier this year...

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Analysts: Little hope for more oil exports despite Mexico crude swaps
Friday, 08/21/2015

August 20, 2015 – FuelFix from the Houston Chronicle

Analysts: Little hope for more oil exports despite Mexico crude swaps

By: Robert Grattan

HOUSTON — About one week after the U.S. Commerce Department signaled it would allow trades of Mexican heavy crude for lighter U.S. oil, analysts have mostly dismissed the swap’s impact on the oil markets as only a minor improvement to refining efficiency.

Instead, market watchers say, the largest impact of the decision could be its symbolic value, cementing a crack in the long-standing...

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A Lesson From Oil: the Consensus Can Be Right
Friday, 08/21/2015

August 14, 2015 – Real Money

A Lesson From Oil: the Consensus Can Be Right

By: Jim Cramer

Sometimes you just have to own that you got it wrong, or at least that you might be "early." For ages I simply didn't believe that oil would take out $43, because oil was so universally hated that I didn't think the whole boat could be right. I had never, in my career, seen such uniform negativity EXCEPT from two people I trusted most: Boone Pickens and David Demshur, the CEO of Core Labs (CLB)…

Read the full article here:...

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Refiners running full throttle could lead to a heavier fall maintenance season
Tuesday, 08/18/2015

August 14, 2015 – FuelFix from the Houston Chronicle

Refiners running full throttle could lead to a heavier fall maintenance season

By: Rhiannon Meyers

Refineries running full throttle have likely delayed making much-needed repairs, and the strain is starting to show.

As plants operate at record-high capacities to soak up cheap crude and satisfy a growing demand for gasoline, a spate of refinery shutdowns have cropped up across the United States, including a recent shutdown of the BP Whiting plant, the largest refinery in the...

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