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Crude surrenders gains as traders assess Harvey storm damage

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But gasoline futures, which reflect wholesale prices and eventually trickle down to consumers, have started to spike again. The extent of Explorer's impact "comes down to how long that pipeline is down", he said . "The only lasting impact is if refineries are out for months". Refineries throughout the country last week were already at 96.6 percent of their operable capacity, according to an Energy Information Administration report that was released today. Read More »

U.S. to Release Oil From Strategic Reserve Due to Harvey

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Goldman Sachs sees "property damages in the range of $30 billion" from Harvey in Texas, and a reduction in overall USA economic growth due to storm-related energy disruptions. And the USA shale oil boom has lifted production so high that the country is brimming with enough crude to soften the blow from Harvey. The Commission had expected most idled production to come back online in the next few days. Read More »

Houston Officials: Be Wary of Phony Federal Agents

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HSI agents and other ICE personnel have been deployed to Texas in the wake of Hurricane Harvey to assist in relief efforts. Real HSI officials wear badges that are labeled "special agent", which members of the public can ask to see and verify. Read More »

Were Analysts Bearish Marathon Petroleum Corp (NYSE:MPC) This Week?

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Integrated Investment Consultants LLC now owns 9,054 shares of the oil and gas producer's stock worth $107,000 after buying an additional 2,287 shares in the last quarter. It has a 26.26 P/E ratio. Investors sentiment decreased to 0.93 in 2016 Q4. Its down 0.03, from 1.08 in 2016Q3. It dived, as 66 investors sold Marathon Petroleum Corp shares while 252 reduced holdings. Read More »

Oil prices likely to get a boost from stock draws, demand growth

Colonial Pipeline, the key artery sending gasoline up the East Coast, was still shipping barrels there, but has faced flooding at origination points in Texas. "The coast took a step forward and a step back on Wednesday". Perry said he's authorized immediate shipments of crude to the Phillips 66 refinery in Lake Charles, Louisiana. Read More »

Air Canada expands year-round Melbourne flights

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Out of the Coffee Capital, AC38 takes flight from June 3 - pushing back at 9:40am on Tuesdays, Fridays and Sundays, to reach Vancouver at 7:35am local time on the same calendar day. A spokesman from Air Canada said "the addition of a year-round Melbourne service will significantly reduce travel times to Vancouver, from where they can explore British Columbia's world-renowned attractions". Read More »

Oil market shrugs off United States inventory decline amid Harvey

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Energy Information Administration and the American Petroleum Institute reported massive drawdowns in domestic crude inventories this week, but oil prices remained lower Wednesday morning as the market continued to focus on the potential magnitude and duration of the impacts of Tropical Storm Harvey . Read More »

Harvey Leads to Higher Prices at the Gas Pump

In another sign of how Harvey is opening rarely used trading routes, at least three tankers carrying diesel have been booked out of Europe and the Mediterranean to go to Brazil, which also usually draws large volumes from the U.S. All West Coast states saw price increases over the week, with Hawaii ($3.09 per gallon) and California ($2.99 per gallon) leading the nation's most expensive markets. Read More »

H&R Block, Inc. (NYSE:HRB) Under Analyst Spotlight

In the latest week H&R Block, Inc . Institutional investors and hedge funds own 91.45% of the company's stock. Following previous thoughts, shifting focus on performance of the H&R Block, Inc . The original version of this report can be viewed at https://www.dispatchtribunal.com/2017/08/31/jensen-investment-management-inc-buys-4840-shares-of-hr-block-inc-hrb.html. Read More »

Are Analysts Bullish about Union Pacific Corporation (NYSE:UNP) after last week?

Genesee Valley Trust Co. now owns 9,725 shares of the railroad operator's stock worth $1,030,000 after buying an additional 1,724 shares during the last quarter. First Eagle Investment Management LLC now owns 5,956,119 shares of the railroad operator's stock valued at $630,872,000 after buying an additional 163,532 shares during the period. Read More »

Oil sees slight recovery after hit from storm Harvey

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More refineries could close now that Harvey has made landfall in Louisiana, where refiners can produce 3.3 million barrels per day. Oil prices have dropped sharply this week even though FBE Energy estimates that the storm knocked out 780,000 barrels of Gulf of Mexico and Texas shale production. Read More »

Why oil prices keep falling with USA refineries knocked out by storm

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Before Harvey hit, gasoline prices had been heading lower as they do toward the end of every summer, thanks largely to an over abundance of gasoline stockpiled for summer drivers. Total SA's 225,500-bpd Port Arthur, Texas, refinery was shut by an early-Wednesday power outage, Gulf Coast market sources said. Harvey made landfall on Friday as the most powerful hurricane to hit Texas in more than 50 years, resulting in the death of at least 17 people. Read More »

Storm Harvey paralyzes a fifth of U.S. fuel output

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Torrential rain and catastrophic flooding followed the hurricane that slammed into Texas over the weekend, forcing refiners to shutter operations as a precaution. The closure of so many US refineries has resulted in a slump in demand for the most important feedstock for the petroleum industry. Tropical Storm Harvey's effect on the energy industry has spread beyond flooded United States refiners as fuel pipelines are also shut, threatening a supply squeeze around the country and roiling ... Read More »

Walmart promises to donate up to $20 million in Harvey relief efforts

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For every $1 donated, Walmart will contribute $2 worth of cash or, at Walmart's option, needed product to the American Red Cross , up to $10 million. Those who wish to donate either supplies or monetary donations can do so at the Commerce Police or Fire Station, as well as any fire station in Hunt County. Read More »

Railroad commissioner: There's no fuel crisis in Texas

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According to officials, the answer is "no". But Weinstein says there's no need for what he calls "panic purchases". Attorney General Ken Paxton warned gas stations against overcharging customers in the wake of Harvey. Harvey's power caused havoc in the Gulf, shutting down refineries, offshore drilling and pipelines. "I wish I could say when we'll have more". There is NO outage. Read More »

Wells Fargo uncovers up to 1.4 million more fake accounts

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Wells Fargo says the original account analysis reviewed 93.5 million current and former customer accounts opened in an approximately four and half year time period - from May 2011 through mid-2015 - and identified approximately 2.1 million potentially unauthorised accounts. Read More »

Workday, Inc. (WDAY) Saw a 52-Week High

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It has outperformed by 6.81% the S&P500. Similar to the other ratios, a lower number might raise red flags about management's ability when compared to other companies in a similar sector. Barclays Capital maintained Workday Inc (NYSE:WDAY) rating on Friday, February 19. CFO Robynne Sisco sold 1,470 shares at an average price of $101.96 on August 15th. Read More »

UK Prime Minister May seeks to reassure Japan on Brexit

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The result forced the Prime Minister to humble herself before backbenchers, telling the Tory 1922 Committee in June: "I will continue to serve as long as you want me". "Let's get some performance, let's get some delivery for the British people and then let's see where we are, rather than vice versa", Mr Shapps added. Read More »

Golar LNG reports 2Q loss

It has underperformed by 8.39% the S&P500. Kornit Digital Limited Ord (NASDAQ:KRNT) had an increase of 3.23% in short interest. A number of equities research analysts recently issued reports on GLNG shares. Tobam has 0.33% invested in Dollar Tree, Inc. They expect $0.59 EPS, down 5.08% or $0.03 from last year's $0.62 per share. Stoneridge Invest Prtnrs Ltd Llc invested 0.02% in Fluidigm Corporation (NASDAQ:FLDM). Read More »

Nation's largest refinery scales back output as Harvey rages

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And some analysts say refinery outages in Texas that have already sparked higher gasoline prices in the United States and Canada will likely continue to affect North American fuel markets for months. Shell, Exxon, and several other refineries in the area announced plans to shut down on Sunday. "The refineries shut down as a precaution might be able to restart". Read More »

Petroleo Brasileiro SA- Petrobras (PBR) Upgraded by BidaskClub to "Hold"

Bridgeway Capital Management Inc who had been investing in Cubic Corp for a number of months, seems to be less bullish one the $1.16 billion market cap company. Among 10 analysts covering Patterson Companies Inc. Among 9 analysts covering Lannett ( NYSE:LCI ), 6 have Buy rating , 1 Sell and 2 Hold. Therefore 30% are positive. Read More »

Congress calls note ban the biggest scam

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He said Modi had promised to unearth black money and end corruption, terror funding and counterfeit currency. Modi's party has won several state elections since past year, and his approval ratings remain high. In a Facebook post, Banerjee wrote , "Hundreds of people lost their lives". The old notes were allowed to be deposited in banks, with unusual deposits coming under income tax scrutiny. Read More »

India to report GDP growth accelerating as economy stabilises

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He also said that the high percentage of returned currency did not in itself indicate black money offenders had escaped. Belying the expectations of the government that a significant amount of currency held by people would not return to the banking system, the RBI on Wednesday announced that 99 per cent of the demonetised Rs 500 and Rs 1,000 notes were deposited or exchanged. Read More »

Alex Oxlade-Chamberlain joins Liverpool from Arsenal for £35m

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The 22-year-old is highly rated by Reds manager Jurgen Klopp but the imminent arrival of Oxlade-Chamberlain from Arsenal means his chances in attack are likely to be restricted this season. "He may still be young but he has a lot of experience in the Premier League , Champions League and for his country". He will undergo a medical at St George's Park tonight. Read More »

Triple Talaq petitioner's children go missing in West Bengal

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The Indian Express reported that Ishrat has lodged a missing persons complaint with Golabari police station stating that her two children have gone missing. According to NDTV , Ishrat's in-laws and neighbours were calling her a " gandi aurat " (bad woman) for challenging Islamic laws. Ishrat, a mother of four, had her children taken away to Bihar (at the house of her in-laws) after she was given talaq by her husband. Read More »

Average 30-year mortgage rate falls to 2017 low

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According to the latest data released Thursday by Freddie Mac , the 30-year fixed-rate average tumbled to 3.82 percent with an average 0.5 point. Rates on adjustable five-year loans fell to 3.14 percent from 3.17 percent last week. If you need to improve your score, make sure you're spending no more than 20 to 30 percent of your available credit limit, not carrying credit card debt and paying all your bills on time. Read More »