International Business News - Refiners http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Shares of refiners were mixed on Tuesday as oil slid to a new year-low and an analyst downgraded the entire sector. In electronic trading on Tuesday crude oil prices fell to a new low of $46.82. Crude prices have tumbled since mid-summer record highs, shedding more than two-thirds of its value. http://www.ibtimes.com/articles/20081202/sector-snap-refineries-mixed-as-market-rises.htm Tue, 02 Dec 2008 16:09:48 EST Shares of refiners fell on Tuesday as oil prices dropped after a day of rallying and analysts cast doubts on the industry. Crude-oil prices fell $2.79, or 5.1 percent, to $51.66 in Tuesday morning trading. This ended Monday's short-lived rally. A week earlier crude prices fell below $50 a barrel, its lowest point since March 2005. Since the commodity's record high in July, prices have tumbled around $100. http://www.ibtimes.com/articles/20081125/sector-snap-refiners-hit-by-drop-in-crude-price.htm Tue, 25 Nov 2008 11:47:54 EST An analyst cut ratings and estimates on some leading refining companies Tuesday, saying the sector will likely continue to be affected by weak demand for the next few years. http://www.ibtimes.com/articles/20081104/ahead-of-the-bell-goldman-downgrades-refiners.htm Tue, 04 Nov 2008 08:33:35 EST Shares of refiners fell Thursday as oil prices dropped after the government posted large jumps in crude supply and as consumer spending continues to slump. http://www.ibtimes.com/articles/20081016/sector-snap-shares-of-refiners-slide.htm Thu, 16 Oct 2008 15:00:04 EDT Shares of refiners fell in Wednesday afternoon trading as demand worries grew after the government said interest in gasoline dropped over the last month. http://www.ibtimes.com/articles/20081008/sector-snap-shares-of-refiners-slide.htm Wed, 08 Oct 2008 13:29:06 EDT Refining stocks dropped Tuesday morning--even as crude oil prices fell--as the global markets digested more worrisome news out of the financial sector, including Goldman Sachs' latest earnings, the demise of Lehman Brothers and trouble at American International Group. http://www.ibtimes.com/articles/20080916/shares-of-refiners-slide-with-wall-street.htm Tue, 16 Sep 2008 10:19:52 EDT Among the sector activity stories for Monday, Sept. 15, from AP Financial News: NEW YORK (AP)--Even though the price of crude continued to decline, shares of refiners dropped Monday in the wake of Hurricane Ike's tear through the heart of the nation's refinery system on the Gulf Coast. http://www.ibtimes.com/articles/20080915/sector-roundup-refiners-chip-makers.htm Mon, 15 Sep 2008 14:28:52 EDT Even though the price of crude continued to decline, shares of refiners dropped Monday in the wake of Hurricane Ike's tear through the heart of the nation's refinery system on the Gulf Coast. http://www.ibtimes.com/articles/20080915/sector-snap-shares-of-refiners-drop-after-ike.htm Mon, 15 Sep 2008 13:41:16 EDT Among the sector activity stories for Wednesday, Aug. 6, from AP Financial News: NEW YORK (AP)--Shares of refiners soared Wednesday as crude prices continued their downward march on the New York Mercantile Exchange, helping to ease part of the burden on the recently troubled sector. http://www.ibtimes.com/articles/20080806/sector-roundup-oil-refiners-jewelry-retailers.htm Wed, 06 Aug 2008 17:26:56 EDT Shares of refiners soared Wednesday as crude prices continued their downward march on the New York Mercantile Exchange, helping to ease part of the burden on the recently troubled sector. http://www.ibtimes.com/articles/20080806/sector-snap-refiners-jump-as-oil-continues-slump.htm Wed, 06 Aug 2008 14:25:35 EDT Shares of refiners jumped Tuesday as oil prices sank as low as $118 per barrel on the New York Mercantile Exchange, easing the burden on the sector. Light, sweet crude for September delivery fell $1.71 to $119.70 per barrel in the afternoon session on the New York Mercantile Exchange. That's sharply lower than early last month, when prices flirted with the $150 per barrel mark. http://www.ibtimes.com/articles/20080805/sector-snap-refiners-rally-as-crude-prices-slip.htm Tue, 05 Aug 2008 14:07:38 EDT Shares of refiners fell Friday after an analyst downgrade the sector, citing dropping demand and the beleaguered economy, though the declines were partially offset by a drop in crude prices. http://www.ibtimes.com/articles/20080718/sector-wrap-refiners-shares-fall-after-downgrades.htm Fri, 18 Jul 2008 16:30:56 EDT Among the sector activity stories for Friday, June 27, from AP Financial News: NEW YORK (AP)--Shares of petroleum refiners hit new 52-week lows Friday as the price of crude oil jumped past $142 a barrel to a record high. http://www.ibtimes.com/articles/20080627/sector-roundup-refiners-airlines.htm Fri, 27 Jun 2008 14:42:14 EDT Shares of petroleum refiners hit new 52-week lows Friday as the price of crude oil jumped past $142 a barrel to a record high. Light, sweet crude for August delivery rose as high as $142.26 a barrel in premarket electronic trading on the New York Mercantile Exchange before pulling back to trade around $141 a barrel in the afternoon. http://www.ibtimes.com/articles/20080627/sector-snap-refiners.htm Fri, 27 Jun 2008 13:27:05 EDT Among the premarket stories for Wednesday, June 25, from AP Financial News: NEW YORK (AP)--A Friedman, Billings, Ramsey & Co. analyst cut price targets on oil refiners on Wednesday and predicted earnings will drop substantially as crude prices continue to rise. http://www.ibtimes.com/articles/20080625/premarket-roundup-refiners-nasdaq.htm Wed, 25 Jun 2008 09:54:28 EDT A Friedman, Billings, Ramsey & Co. analyst cut price targets on oil refiners on Wednesday and predicted earnings will drop substantially as crude prices continue to rise. http://www.ibtimes.com/articles/20080625/ahead-of-the-bell-refiners-price-targets-cut.htm Wed, 25 Jun 2008 09:09:23 EDT Shares of refining stocks fell Tuesday after a Soleil Securities analyst cut his earnings estimates on the sector amid concerns that high oil prices are crimping demand and hurting profit margins. http://www.ibtimes.com/articles/20080624/sector-snap-refining-stocks-falter-on-estimates.htm Tue, 24 Jun 2008 12:32:02 EDT Refining shares fell Wednesday as oil prices pushed higher and fresh data showed gasoline demand continues to slip. The Amex Oil Index, a basket of refiners and integrated oil companies, sank 1.1 percent to 1,542.77. The broader market also fell, with the Dow Jones industrial average finishing at 12,029.06, down 1.1 percent. http://www.ibtimes.com/articles/20080618/sector-wrap-refining-stocks-fall-as-oil-rises.htm Wed, 18 Jun 2008 16:36:36 EDT Refining stocks rose Monday as gasoline and oil prices held steady, and investors took a fresh look at the beaten-down sector after an analyst raised his rating on Holly Corp. and Tesoro Corp. http://www.ibtimes.com/articles/20080602/sector-snap-refiners-rally-as-energy-prices-pause.htm Mon, 02 Jun 2008 11:44:06 EDT A Citi Investment Research analyst said Friday that refiners have worked to counteract weaker demand for their products resulting from record oil prices. http://www.ibtimes.com/articles/20080530/ahead-of-the-bell-us-refiners.htm Fri, 30 May 2008 08:18:39 EDT