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The market's ups and downs were a big factor in January's gains, but was that the only news that investors needed to read?
An expected rule change could create the largest opportunity for ethanol producers in over a decade -- and the timing couldn't be better.
DALLAS , Feb. 1, 2019 /PRNewswire/ -- Alerian reported index linked product positions of $12.2 billion as of December 31, 2018 . Linked products include exchange-traded funds, exchange-traded notes, return ...
The chart of VLO, below, shows price support existed around $106.00 from July through mid-October of last year, from which point that support was violated, resulting in a steep protracted downtrend that bottomed in late December. Near the end of December, the downtrend line was finally violated to the upside, which also occurred with a descent increase in trading volume.
Independent U.S. refiner Valero Energy Corp beat quarterly profit estimates on Thursday and said it was well prepared for a fallout from sanctions imposed by the U.S. government on crude supplier Venezuela, sending its shares up 5 percent. The San Antonio, Texas-based company, one of the largest buyers of Venezuelan crude in the United States, said it had stopped intake from the country after the U.S. slapped sanctions on Venezuelan state-owned oil firm PDVSA earlier this week. Valero has been substituting light crude oil from North America and other sources to make up for the lack of Venezuelan heavy crude, supply and international operations Senior Vice President Gary Simmons said on a conference call with Wall Street analysts.
On a per-share basis, the San Antonio-based company said it had net income of $2.24. Earnings, adjusted for pretax gains, came to $2.12 per share. The results exceeded Wall Street expectations. The average ...
During Monday night's Mad Money program on CNBC, Jim Cramer sat down with Rusty Braziel, president and CEO of RBN Energy for the latest read on the energy markets. The weekly MACD oscillator has crossed to a cover shorts buy signal.
U.S. President Donald Trump's administration, in a move aimed at limiting embattled President Nicolas Maduro's access to oil revenues, stopped PDVSA from collecting the proceeds of oil exported to U.S. customers, while freezing assets of PDVSA's units, including U.S. refining arm Citgo Petroleum Corp. Maduro, whose authority is being challenged by the self-proclaimed president and head of the congress, Juan Guaido, said earlier his government would start legal action to protect Citgo.
Moody's Investors Service ("Moody's") upgraded Valero Energy Partners LP's (VLP) senior unsecured rating to Baa2 from Baa3. The rating action follows the announcement by Valero Energy Corporation (VLO, Baa2 stable) that it has acquired for cash all outstanding publically held common units of VLP. As part of the transaction, VLO has unconditionally guaranteed VLP's obligations.
SAN ANTONIO, Jan. 10, 2019 -- Valero Energy Corporation (NYSE: VLO) (“Valero”) and Valero Energy Partners LP (NYSE: VLP) (the “Partnership”) today announced the completion of.
DALLAS , Jan. 8, 2019 /PRNewswire/ -- Alerian announced today that Valero Energy Partners (NYSE: VLP) will be removed from the Alerian Midstream Energy Index (AMNA), Alerian US Midstream Energy Index (AMUS), ...
LONDON (Reuters) - The Welsh government environment agency, Natural Resources Wales (NRW), has issued an enforcement notice to suspend two fuel pipelines on the Valero (VLO.N) refinery jetty in Milford ...
LONDON (Reuters) - Valero Energy Corp (VLO.N) said on Thursday that an unknown amount of oil product had spilled into the Milford Haven waterway in Pembroke in Wales. "Valero is working in coordination ...