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US crude-by-rail industry slows as big refiners seek longer-term deals

HP News Services, HP Editorial Staff

By MATTHEW PHILIPSBloombergIt’s been several months since an oil train accident grabbed big headlines—but not because there haven’t been any. A single weekend in November saw two trains..

Honeywell hunts for bigger acquisitions after $5.1B deal for metering giant Elster

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By THOMAS BLACKBloombergHoneywell International is looking at acquisitions larger than the $5.1 billion it paid for Elster as it makes headway on a program that targets deals spending of about twice t..

COLUMN: Saudi Arabia targets downstream deals in China to control supply chain

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By DAVID FICKLINGBloombergSaudi Arabia has traditionally had a lock on Asian oil markets. In Japan, Korea and Taiwan, the kingdom’s barrels make up about one third of crude oil imports.In China, ..

Smuggled Venezuelan gasoline fuels Guyana’s economy

HP News Services, HP Editorial Staff

By ANDREW ROSATIBloombergVenezuelan President Nicolas Maduro has deployed thousands of soldiers, shuttered large swaths of his country’s border with Colombia and deported hundreds of migrants in ..

COLUMN: Despite export debate, does anyone even want to buy crude from the US?

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By MARK SHENK and SHEELA TOBBENBloombergGiven current prices, does anyone even want to buy crude oil from the US?After the House Energy and Commerce Committee voted to end a four-decade ban on most oi..

Buffett’s Berkshire Hathaway bets on US refiners as gasoline demand soars

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By DAN MURTAUGH, BRADLEY OLSON and NOAH BUHAYARBloombergWarren Buffett’s Berkshire Hathaway sees a green light at the intersection of low oil prices and record driving.In its most significant ene..

Asia’s refining, petrochemical majors look to cut costs as Iran’s oil returns to market

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By HEESU LEE and DEBJIT CHAKRABORTYBloombergAsian oil buyers, already sucking in barrels from as far away as Alaska and Mexico, are anticipating more bargains when Iran finally returns to world market..

COLUMN: Should US raise the gasoline tax for consumers?

HP News Services, HP Editorial Staff

By BARRY L. RITHOLTZBloombergTesla’s latest announcement was big. The electric carmaker said it planned a modification that would give its autos the ability to accelerate faster than cars that co..

US ethanol advocates hope promotional E-15 use in NASCAR sways public opinion

HP News Services, HP Editorial Staff

By MARIO PARKERBloombergJeff Broin’s silhouette shines in the glossy hood of the modified grass-green Chevrolet SS. It’s moments before the start of Nascar’s Quicken Loans 400 at Michig..

COLUMN: Corn ethanol emits more carbon than Keystone XL would

HP News Services, HP Editorial Staff

By ROBERT BRYCEBloombergFor years, environmental activists have opposed the Keystone XL pipeline, claiming that development of Canada’s oil sands will be “game over for the climate.” Bu..