International Business News - VLO 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 Crude-oil inventories rose last week for the fourth straight time, while gasoline stockpiles fell after an unexpected jump in the prior period, according to government data released Wednesday. http://www.ibtimes.com/articles/20080514/oil-stockpiles-grew-last-week-gasoline-fell.htm Wed, 14 May 2008 10:40:52 EDT Following is a summary of top stories in the energy sector Thursday afternoon: Oil prices, gas at the pump rise to new records http://www.ibtimes.com/articles/20080508/energy-sector-roundup-oil-retail-gas-edge-up-to-new-highs.htm Thu, 08 May 2008 18:09:59 EDT At least two major oil companies said late Wednesday they have agreed to settle lawsuits over the use of the gasoline additive MTBE, a potential carcinogen that has been found in drinking water. http://www.ibtimes.com/articles/20080507/oil-companies-agree-to-settle-mtbe-contamination-lawsuits.htm Wed, 07 May 2008 21:03:20 EDT Gasoline inventories rose unexpectedly last week while crude-oil stockpiles gained more than expected, according to government data published Wednesday. http://www.ibtimes.com/articles/20080507/government-report-shows-gas-oil-stockpiles-grew-last-week.htm Wed, 07 May 2008 10:50:44 EDT The government on Tuesday again raised its short-term price forecasts for crude oil and gasoline _ trends that are expected to tamp down demand. The Energy Department predicts average monthly gasoline prices should peak at $3.73 a gallon in June, an increase of about 11 cents from last month's estimate. Regular-grade gasoline is expected to average $3.52 a gallon in 2008, 71 cents above last year's average. http://www.ibtimes.com/articles/20080506/government-again-raises-estimates-on-oil-gas-prices.htm Tue, 06 May 2008 12:38:02 EDT JPMorgan downgraded Valero Energy Corp. Tuesday and said that while the refiner is best positioned among its peers to survive currently high crude-oil prices, it may not outperform integrated oil companies. http://www.ibtimes.com/articles/20080506/ahead-of-the-bell-jpmorgan-downgrades-valero.htm Tue, 06 May 2008 08:54:50 EDT A Goldman Sachs analyst on Tuesday predicted that oil prices could reach $150 to $200 a barrel over the next 6 months to two years, but said that how far prices could climb still "remains a major uncertainty." http://www.ibtimes.com/articles/20080506/analyst-predicts-200-oil-could-happen-this-year.htm Tue, 06 May 2008 08:53:38 EDT After ConAgra Foods' board slashed the company's dividend by 34 percent as part of a restructuring plan, a few shareholders suggested the board should also feel the pain and slash its own pay by roughly one-third. http://www.ibtimes.com/articles/20080504/corporate-boards-pay-grows-with-workload-regulations.htm Sun, 04 May 2008 13:52:07 EDT Valero Energy Corp., North America's largest oil refiner, said Thursday its board approved an increase in its regular quarterly cash dividend to 15 cents from 12 cents. http://www.ibtimes.com/articles/20080501/valero-raises-quarterly-dividend-by-25-percent.htm Thu, 01 May 2008 11:03:53 EDT Among the earnings stories for Tuesday, April 29, from AP Financial News: TEWKSBURY, Mass. (AP) _ Starent Networks Corp.'s first-quarter earnings rose as revenue surged on product sales, the maker of equipment for wireless networks said Tuesday. http://www.ibtimes.com/articles/20080429/earnings-roundup-starent-networks-express-scripts.htm Tue, 29 Apr 2008 18:24:57 EDT Among the earnings stories for Tuesday, April 29, from AP Financial News: Top stories: http://www.ibtimes.com/articles/20080429/earnings-roundup-deutsche-bank-valero-energy.htm Tue, 29 Apr 2008 11:23:30 EDT Oil refiner Valero Energy says its first-quarter profit tumbled 77 percent, as higher oil prices cut into its margins. The San Antonio-based company says it earned $261 million, or 48 cents per share, compared with $1.14 billion, or $1.86 per share, for the same quarter in 2007. http://www.ibtimes.com/articles/20080429/valero-1q-profit-drops-on-lower-margins.htm Tue, 29 Apr 2008 07:56:13 EDT Major business events and economic events scheduled for the coming week (some dates are tentative): MONDAY, April 28 http://www.ibtimes.com/articles/20080425/business-events-scheduled-for-the-coming-week.htm Fri, 25 Apr 2008 18:06:15 EDT Crude-oil inventories grew last week after unexpected drops in the prior two periods, according to government data published Wednesday. The data show that demand for gasoline over the four weeks ended April 18 was about 0.6 percent lower than a year earlier, averaging nearly 9.3 million barrels a day. http://www.ibtimes.com/articles/20080423/government-report-shows-oil-stockpiles-grew-last-week.htm Wed, 23 Apr 2008 10:42:12 EDT Shares of independent U.S. refining companies jumped Wednesday after a government report showed the nation's inventories of petroleum products were lower than expected last week. The Energy Departm... http://www.ibtimes.com/articles/20080416/sector-snap-independent-refiners-jump-on-low-us-inventories.htm Wed, 16 Apr 2008 11:53:06 EDT Crude-oil inventories fell unexpectedly last week for the second straight period, according to government data published Wednesday. For the week ended April 11, crude-oil inventories fell by 2.3 mil... http://www.ibtimes.com/articles/20080416/government-report-shows-oil-stockpiles-fell-again-last-week.htm Wed, 16 Apr 2008 10:54:57 EDT Shares of oil refiners fell Wednesday, after a government report sent oil prices surging and indicated that high prices have led gasoline demand to slump. The U.S. average price of a gallon of regul... http://www.ibtimes.com/articles/20080409/sector-snap-oil-refining-stocks-drop.htm Wed, 09 Apr 2008 12:21:55 EDT Crude-oil inventories fell unexpectedly last week, according to government data published Wednesday. For the week ended April 4, crude-oil inventories fell by 3.2 million barrels, or 1 percent, to 3... http://www.ibtimes.com/articles/20080409/oil-inventories-fell-last-week.htm Wed, 09 Apr 2008 10:40:35 EDT Retail gas prices surged to a new record above $3.30 a gallon Friday and appear poised to rise further in coming weeks as gasoline supplies tighten. Oil prices, meanwhile, supported the gas price ra... http://www.ibtimes.com/articles/20080404/gas-prices-hit-record-on-low-supplies.htm Fri, 04 Apr 2008 11:26:38 EDT Following is a summary of top stories in the energy sector Wednesday afternoon. Oil and Gasoline Futures Surge on Inventories Report Gasoline and oil futures rose sharply after the Energy Departmen... http://www.ibtimes.com/articles/20080402/energy-sector-roundup-data-drives-oil.htm Wed, 02 Apr 2008 15:37:57 EDT