Updated: 2023-08-31 16:33:35
Ahead of this Labor Day, Hurricane Idalia is impacting U.S. Gulf Coast production and pipeline facilities. Hurricane-induced facility closures can have uncertain effects on the retail price of gasoline, and the scale of the impact relates to the duration and severity of the closures. ...
Updated: 2023-08-31 16:33:35
Unplanned refinery outages and lower gasoline production capacity are increasing the costs of producing summer-grade gasoline in the United States this summer, resulting in both higher U.S. crack spreads and retail gasoline prices. The crack spread, the difference between petroleum product prices and crude oil prices, is an indicator of underlying trends in refining, and it usually makes up about 25% of the retail gasoline price. This summer, U.S. gasoline crack spreads had remained less than those of last summer, up until the final weeks of July and into August. Although U.S. gasoline consumption has increased from last summer and inventories remain near five-year lows, recent developments in U.S. refining activity are primarily driving crack spreads this summer. ...
Updated: 2023-08-31 13:27:07
While the total number of homes for sale has been rising steadily on a monthly basis, listings in August were down 9.2% from a year ago.
Updated: 2023-08-31 11:52:51
The many risks to stocks include AI disappointment, an economic slowdown, and more banking woes, says Tudor Investments' Ulrike Hoffmann-Burchardi.
Updated: 2023-08-31 11:39:51
More than 75% of companies that made their market debuts in 2023 through a SPAC merger are trading below their float price, Bloomberg data showed.
Updated: 2023-08-31 09:35:04
The pandemic has ushered in a new era for investing where "picking winners" matters above all else, BlackRock's Helen Jewell told Insider.
Updated: 2023-08-31 00:41:44
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Updated: 2023-08-16 21:56:46
Refiners in China processed and imported record volumes of crude oil in the first half of 2023 (1H23), sourcing much of the additional crude oil runs from Russia, Iran, Brazil, and the United States. These increases, sparked by Chinas initiatives to ease COVID-19 mobility restrictions and reopen its economy, are a return to more than a decade-long trend of expanding crude oil processing in China following declines in 2022. ...
Updated: 2023-08-10 02:14:38
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