33.04 0.00 (0.00%)
After hours: 4:54PM EDT
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||31.85 - 33.19|
|52 Week Range||18.48 - 37.01|
|PE Ratio (TTM)||8.86|
|Forward Dividend & Yield||1.20 (3.74%)|
|1y Target Est||N/A|
Venezuela's crude exports to the United States declined in February to a 15-year low as oil production continues falling and President Donald Trump's administration weighs new sanctions on the OPEC country, according to Thomson Reuters data. Financial sanctions imposed by the United States in August on Venezuela and state-run oil firm PDVSA have created obstacles for selling crude cargoes to U.S. refiners, shrinking the number of customers PDVSA has in the U.S.
Trump has arranged a series of talks between Big Corn and Big Oil since late last year amid rising concern in the White House over the U.S. Renewable Fuel Standard (RFS), a law requiring refiners to mix biofuels such as corn-based ethanol into their fuel. Refining company Philadelphia Energy Solutions LLC in the key electoral state of Pennsylvania in January blamed the RFS for its bankruptcy. A source who attended Thursday’s meeting at the White House said Trump told the gathering of lawmakers and corporate executives that he supports a proposal from the refining industry to cap the price of biofuels blending credits that refiners must acquire to comply with the RFS.
Stocks with market capitalization between $2B and $10B, such as PBF Energy Inc (NYSE:PBF) with a size of US$3.40B, do not attract as much attention from the investing community asRead More...
Given the energy industry’s dependence on commodity prices, the sector tends to be cyclical and profitability can be highly variable. However, as oil rebounded from its multi-year lows, certain energyRead More...