Hints and tips:
...Andeavor, which was known as Tesoro until 2017, has eight plants primarily on the west coast....
Some relief for the oil markets should be expected soon
...Transocean and Tesoro rounded out the day’s top five performers as the two clocked in gains of more than 4 per cent....
...Marathon Petroleum dropped 4.6 per cent to $39.08, Phillips 66 fell 6.5 per cent to $82.05, Tesoro Corp was off 6.4 per cent to $79.76 and Valero Energy tumbled 3.4 per cent to $58.85....
...However, Tesoro will shut down its Martinez refinery in California....
...From their highs in 2007, Tesoro’s shares are down about 30 per cent while Valero’s are down 50 per cent....
...Valero and other US refiners, such as Western Refining and Tesoro Corp , have come under pressure in recent trading sessions as the price of credits generated by the production or import of renewables has...
...Marathon Petroleum lost 6.2 per cent to $73.47, Tesoro Corp fell 4.7 per cent to $50.87 and Valero Energy declined 3.8 per cent to $38.78....
...The company sold Carson last month to Tesoro for $2.5bn. In July, BP said it was in “advanced discussions” on Texas City and was on track to announce its sale by the end of the year....
...Refiners Tesoro Corp fell 5 per cent to $52.26 and Phillips 66 declined 6.6 per cent to $62.46. Agricultural products company Monsanto beat analysts’ forecasts for its latest quarter....
...Shares in Tesoro Corp bucked the mixed trend of the broader market after the US refiner unveiled its purchase of BP’s integrated southern California refining and marketing business....
...That is a big discount to what BP received when it sold its Carson City refining complex in California to Tesoro in August....
...The losses were led by refiners Valero Energy Corp , which lost 3.9 per cent to $43.72, and Tesoro Corporation , which dropped 1.5 per cent to $57.50....
...The deal will add 266,000 barrels a day to Tesoro’s existing refining capacity of 665,000 barrels a day....
...BP is to sell its Texas City refinery and related assets to Marathon Petroleum Corp for $2.5bn, a price that disappointed analysts but brought the company within striking distance of a $38bn target for asset...
...In the past five days, Tesoro Corp gained 10.1 per cent to $41.92, Valero Energy Corp added 8.7 per cent to $31.92 and Western Refining rose 14 per cent to $28.60....
...Other US refiners such as Tesoro have also been buying more rail tank cars in recent years, but Phillips’ order is one of the largest. “If you go in with an order for 500, they put you in line....
...Tesoro Corp moved 4.9 per cent higher to $39.93, Valero Energy Corp gained 3.2 per cent to $30.11 and Western Refining rose 3.9 per cent to $26.06....
...Tesoro, one of the largest US refiners, has warned of a possible fourth quarter loss....
...Mr Icahn has said strategic buyers could include Valero Energy, ConocoPhillips, Western Refining, HollyFrontier, Tesoro and Marathon Petroleum, and that he will sell the company for a premium....
...Yesterday’s profit warning, coming two weeks ahead of fourth-quarter results, would have sent the shares down more sharply if refining competitors Tesoro and Marathon Petroleum had not pre-empted it this...
...LSI Corp , which makes semiconductors used in hard drives, rose 7.7 per cent to $6.70 as Betsy Van Hees, analyst at Wedbush securities, recommended clients buy the stock on the Seagate results....
...Tesoro fell 4.2 per cent to $23.07 for the worst performance in the S&P 500 and Valero Energy was off 2.3 per cent to $20.77....
...Semiconductor manufacturers LSI Corp , up 12.9 per cent to $6.72, and Micron Technology , up 14.5 per cent to $7.21, rallied in anticipation of stronger demand for computer memory chips....
...Petrol refiner Tesoro lost 6.1 per cent to $23.31 after Credit Suisse analysts changed their guidance on the stock to “neutral”....
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