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US Midwest gasoline pump prices surge on tight refinery supplies
ReutersBy Brendan O'Brien MILWAUKEE, Wis. May 17 (Reuters) - Retail gasoline prices hit all-time highs on Friday in several U.S. Midwestern cities due to maintenance and outages at refineries in the region resulting in a tightening of supplies, according to...Tags: Car Repair and Maintenance Tips, Gasoline Industry, Joliet, Manufacturing and Engineering, Petroleum Industry
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Oil price probe widens, senator wants Justice Department help
ReutersLONDON/WASHINGTON (Reuters) - A European probe into possible oil price manipulation expanded with the investigation of a small niche trading house in the Netherlands, while a key U.S. senator on Friday called for the Justice Department to join the...Tags: Commodity Markets, U.S. Department of Justice, McGraw-Hill Incorporated, Biofuels, Money and Monetary Policy
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Tesoro is cleared to buy BP's Carson refinery, Arco stations
Tesoro Corp. won federal and state clearance for its purchase of BP's Carson refinery, Arco stations and other assets for $2.4 billion, an acquisition that would further concentrate the state's fuel-making capacity into only two players — Tesoro and...
Tags: Environmental Pollution, Companies and Corporations, AAA, Chevron Corportion, Gulf of Mexico Oil Spill (2010)
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Payout official set for surge in BP spill claims
ReutersNEW ORLEANS (Reuters) - The deadline for claims against BP Plc in connection with the 2010 Gulf of Mexico oil spill is 11 months away, but the man responsible for paying the claims said on Thursday he is already bracing for a late surge in filings....Tags: Business, Lawyers, Oil Spills, Crime, Law and Justice, BBC
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California approves Tesoro's buy of BP refinery
ReutersWASHINGTON, May 17 (Reuters) - U.S. refiner Tesoro Corp has received formal approval from California's attorney general to buy a BP Plc refinery for more than $2 billion. Attorney General Kamala Harris said her office and the California Energy Commission...Tags: Anti Trust Crime, Corporate Crime, Federal Trade Commission, Kamala D. Harris
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Activist investor says Petrogrand should exit Russia
ReutersBy Greg Roumeliotis May 17 (Reuters) - An activist hedge fund has urged Swedish oil and gas company Petrogrand AB to drop exploration activities in Russia, explore strategic alternatives and replace its chief executive, according to a letter from the...Tags: Petroleum Industry, Companies and Corporations, Economy, Business and Finance, Russia, Corporate Officers
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Clash between Russian oil chiefs could undercut Putin ally
Reuters* Tokarev rounds on Rosneft deal to treble China exports * Could worsen Russia's export overcapacity * China plan relies on "undiscovered reserves" - Transneft * Hits back over audit on cost overruns By Olesya Astakhova and Douglas Busvine MOSCOW,...Tags: China, Moscow (Russia), Petroleum Industry, Upstream Oil and Gas Activities, Pacific Ocean
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As Memorial Day nears, California gasoline prices rise above $4
Summer is coming. The long Memorial Day weekend is just two weeks away and, of course, average gasoline prices in California are back up above $4 a gallon. On Friday, the average price of a gallon of regular gasoline in California was $4.062, up 7.6...
Tags: Gasoline Industry, Petroleum Industry, AAA, Auto Trends, Memorial Day
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Investigación europea por precios del petróleo se amplía a firma holandesa
ReutersLONDRES, 17 mayo (Reuters) - La investigación de la Comisión Europea sobre la posible manipulación de los precios del petróleo se extendió más allá de tres grandes compañías del sector a una pequeña firma comercializadora, en tanto una refinerí...Tags: Thomson Corporation, Royal Dutch Shell Plc, McGraw-Hill Incorporated
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Tesoro wins US antitrust approval to buy California BP refinery
ReutersWASHINGTON, May 17 (Reuters) - U.S. refiner Tesoro Corp. has received formal antitrust approval to buy a BP refinery in southern California without conditions. The Federal Trade Commission, which assessed the deal to ensure that it complied with U.S....Tags: Antitrust Issues, Anti Trust Crime, Corporate Crime, Federal Trade Commission
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U.S. FTC OKs Tesoro purchase of BP Calif. refinery, assets
ReutersMay 17 (Reuters) - The U.S. Federal Trade Commission on Friday said it approved Tesoro Corp's purchase of BP Plc's 240,000 barrel per day Los Angles area refinery and other assets in a 3-0 vote. The commission found the deal would not substantially...Tags: Kamala D. Harris
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U.S. senator seeks probe into impact of alleged EU oil price manipulation
ReutersWASHINGTON, May 16 (Reuters) - The chairman of the U.S. Senate's energy committee asked the Justice Department on Friday to investigate whether alleged price manipulation by three oil companies in Europe has boosted fuel prices for U.S. consumers....Tags: U.S. Department of Justice, Eric Holder, Crime, Law and Justice, Petroleum Industry, Royal Dutch Shell Plc
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