Refining Margins

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• Caltex Says Unplanned Refinery Shutdown Hurt Fuel Output

  The Wall Street Journal - 06/18/2013
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  June 18, 2013, 10:00 p.m. ET Caltex Says Unplanned Refinery Shutdown Hurt Fuel Output Article By Ross Kelly ...

• ME crude: Formosa buys Oman fuel from Trafigura

  The Gulf Today - 06/18/2013
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  SINGAPORE: Formosa bought Oman crude for August loading from Trafigura in its latest tender, traders said on Tuesday, at levels that were slightly lower than what the Taiwanese company had paid for its previous purchase of the same grade...

• HollyFrontier: Enormous Free Cash Flow Yields Make A Compelling Opportunity

  Seeking Alpha - 06/18/2013
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  HollyFrontier Corporation ( HFC ) is an oil refiner that operates primarily in the Central, Southwest, and Rocky Mountains regions of the United States, as well as serving as general partner of a publicly traded pipeline partnership. HollyFrontier boasts a P/E ratio of 5.09 based on June 17, 2013, closing prices, and furthermore the firm has a substantial amount of excess cash on its...

• Par Petroleum Corporation Agrees to Purchase Tesoro Hawaii, LLC

  Seeking Alpha - 06/17/2013
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  Purchase price of $75 million plus net working capital and contingent earn-out $200 million common stock issuance upon closing priced at $1.39 per share Credit facilities arranged to fund working capital Tesoro Hawaii reported 2012 gross refining margin of $174 million HOUSTON--(BUSINESS WIRE)-- Par Petroleum Corporation (OTCBB:PARR) announced today that it has reached a definitiveâ–ª ...

• 4 Forgotten Refiners With Bright Futures

  DailyFinance - 06/17/2013
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  It's been a tough several decades for the Saudi Arabia of the refinery world, U.S. Gulf Coast refiners. But for at least four of them, the tide may be turning. Heavy crude from Canada is cheap enough to provide the refiners the right...

• Petrochem prices have bottomed out, says Religare

  Myiris - 06/16/2013
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• Kotak upgrades Reliance Industries on capex cycle gains

  Money Control - 06/16/2013
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  Brokerage house Kotak Securities has upgraded its rating on Reliance Industries to 'add' from 'reduce', and raised price target to Rs 870 from Rs 855...

• Iran crude costs India $2 less than global prices - oil minister

  Yahoo - Finance (UK & Ireland) - 06/14/2013
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• Summer demand for oil to spike more than normal

  Finfacts - 06/13/2013
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  Besides the usual summer spike in oil demand in the Northern Hemisphere, the opening of new refineries in the Middle East and Asia will put pressure on prices, the International Energy Agency warned on Wednesday. The Paris-based energy watchdog for 28 industrialised countries including Ireland, said in its monthly Oil Market Report (OMR) that it expected the amount of oil processed byâ–ª ...

• ME crude: Refining margins strengthen

  The Gulf Today - 06/12/2013
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  SINGAPORE: Refining margins strengthened in the Middle East crude market on Wednesday, raising expectations refiners will ramp up runs, traders said. Margins, or profits from processing a barrel of crude into products, rose...