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  • Market Realist4 months ago

    Analysts’ New Recommendations for Crude Oil Tankers

    DNB Markets reduced its 12-month target prices for many crude oil tanker companies. It dropped its target price for Frontline (FRO) to $9.56 from $13.15.

  • American City Business Journals9 months ago

    Phillips 66 bets on diesel

    At the roughly 700-acre refining and manufacturing complex in Lake Charles, Louisiana, Houston-based Phillips 66 (PSX) is stacking the deck to take advantage of what the company sees as a strong future of diesel products. "We continue to look into opportunities to get into fuel-grade diesel," said Steve Geiger, general manager of the refinery in Lake Charles. The plant is already stacked to maximize diesel production, but not the fuel-grade diesel that drivers of light-duty vehicles are most familiar with, said Geiger.