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US Continues Sanctions Break For Swedish Refiner With Venezuelan Ties
Friday, October 18, 2019 - 11:36am | 454Read More...The Treasury Department's Office of Foreign Assets Control (OFAC) on Oct. 17 extended a general license exception to allow U.S. companies to continue doing business with a Swedish oil refiner that is 50% owned by Venezuela's state oil company. Petrόleos de Venezuela S.A. (PdVSA) was placed on OFAC...
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Oil Prices Will Be 'Lower For Longer,' But Refiners Will Be 'Stronger For Longer'
Monday, August 10, 2015 - 7:38am | 401Read More...In a report published Sunday, Morgan Stanley analyst Eva Calio discussed why refiners will be the biggest beneficiary of an oversupplied oil market. According to Calio, investors and corporations are embracing a "lower for longer" oil market when considering OPEC's actions of...
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U.S. Oil Refining Eyes Big Expansion Amid Shale Spike
Monday, March 3, 2014 - 2:01pm | 514Read More...As of early 2013, according to the U.S. Energy Information Administration, there were 143 operable oil refineries in the U.S. – less than half the number there were in 1982. But that decline appears to be ending. The new oil boom in the Dakotas, Texas, Oklahoma and elsewhere is reportedly...
