Northern Tier Energy LP Class A
US Distillate Inventories Rose for the Sixth Time in 7 Weeks
US distillate inventories increased for the sixth time in the last seven weeks. The inventories rose ~11% in the last seven weeks.
Refinery Inputs Fell but Are Higher than 2014 Levels
US crude oil refinery inputs averaged 17.029 million barrels per day (or MMbpd) during the week ended August 7.
China Gives Leap Year Gift to Banks: Effect on Crude Oil Prices
April WTI (West Texas Intermediate) crude oil futures contracts trading on NYMEX rose 3.0% and closed at $33.75 per barrel yesterday. Brent crude oil prices also rose 2.5% and settled at $35.97 per barrel.
Why Is Western Refining Raising $500 Million?
Western Refining (WNR) plans to raise $500 million via a term loan. In this series, we’ll give you insights into the company’s operations, financials, market performance, and much more.
Why Did Crude Oil Refinery Inputs Fall in the Week of June 26?
US crude oil refinery inputs averaged ~16.5 million barrels per day (or MMbpd) during the week ended June 26.
What Do Refining Stock Valuations Reveal?
With respect to the price-to-earnings ratio, larger players Marathon Petroleum (MPC), Tesoro (TSO), and Phillips 66 (PSX) trade higher than the average valuations.
How a Fall in Crack Spreads Is Hurting Refining MLPs
The Gulf Coast 3-2-1 crack spread was $10.4 per barrel on June 16, 2016.
Why Tesoro’s Valuation Is Lower Than Its Historical Average
Tesoro traded at an average PE ratio of 10.2x from 2Q14 to 2Q16. PE measures a company’s price per share as a multiple of its earnings per share.
HollyFrontier’s 2Q16 Earnings Expected to Outshine Those of 1Q16
Wall Street analysts expect HollyFrontier to post EPS of $0.35, which is 76% lower than its 2Q15 adjusted EPS.
Gasoline Prices: Roller Coaster Ride Continues in 2016
May gasoline futures trading in NYMEX rose by 0.7% and settled at $1.39 per gallon on April 6. Gasoline prices rallied almost 30% from the lows in February.
How Are Downstream Companies Reacting to Market Volatility?
After the removal of the ban on US crude oil exports, most refiners gave up their gains throughout the year. NTI fell 19% from its 52-week highs in November.
Will the Gasoline and Distillate Inventory Pressure Crude Oil Prices?
The API (American Petroleum Institute) published its weekly crude oil, gasoline, and distillate inventory report on January 12, 2016.
Slowing US Crude Oil Output Could Impact US Refiners
US crude oil production fell for the eighth time in the last ten weeks. Crude oil prices rose almost 10% during the second week of October.
Higher Gasoline Inventories in the Week Ended April 24
While both gasoline production and demand decreased last week, a decrease in demand seems to have had a more pronounced effect on inventories than changes in production.
Slight Rise in Distillate Inventories in Week Ending April 17
Distillates are an important group of fuels for transportation and heating purposes. Distillate demand also drives crude demand and crude prices.
Gasoline Inventories Declined in the Week Ending April 17
The EIA reported that gasoline inventories decreased by 2.1 MMbbls to ~225.7 MMbbls in the week to April 17. Analysts expected inventories to decline by 1 MMbbls.
Calumet Specialty and PBF Energy: Top Refining Movers Last Week
The biggest refining gainer in the week ended April 10 was Calumet Specialty Products Partners (CLMT). It gained ~8%.