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Cheap crude, earnings growth make Valero a strong stock pick by Wall Street analysts

2015-07-13 17:44:11| Oil & Gas - Topix.net

Valero Energy Corp. shares have earned a consensus rating of "buy" from the 14 brokerage houses that are covering the oil refiner's stock, Dakota Financial News reported Monday . The average 12-month price target among analysts that have issued a report on the stock in the last year is $69.21.

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Petrofac wins contract build crude oil trunkline project in Kuwait

2015-07-13 01:00:00| Hydrocarbons Technology

UK based oil and gas service provider Petrofac has won a $780m engineering, procurement and construction (EPC) contract from Kuwait Oil Company (KOC) for developing a manifold group trunkline (MGT) system.

Tags: project build contract oil

 
 

Rosneft to acquire stake in Essars refinery in India, supply crude oil for ten years

2015-07-09 01:00:00| Hydrocarbons Technology

India based Essar Oil has signed an agreement to sell its 49% stake for Vadinar refinery in Gujarat to Russian oil giant Rosneft.

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Platts Survey: OPEC pumps 31.28M barrels of crude per day in June; highest since Aug 2012

2015-07-07 11:55:44| Green Car Congress

Tags: day since june aug

 

Exxon Mobil (XOM) Stock Lower as WTI Crude Slumps Below $52

2015-07-06 22:24:15| Chemicals - Topix.net

At last check, WTI crude for August delivery was trading down 7.71% to $52.54 as of 2:51 p.m. ET today, while Brent crude is also down 6.28% to $56.53 a barrel. Irving, Texas-based ExxonMobil is the largest publicly traded international oil and gas company and holds an industry-leading inventory of resources.

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