Shutdown of U.S. refineries spells trouble among oil consumers

The impending closure of oil refining plants in Philadelphia and in the northeastern states could trigger a surge in prices of gas and heating oil. Operations of Sunoco’s Marcus Hook refinery have been suspended since December 2011, while its other refinery in Philadelphia may soon face closure if the company fails to arrange a buy-out. The move is part of Sunoco’s investment strategy to divert...
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OPEC Secretary-General Warns of Unstable Crude Prices with EU’s Iranian oil Embargo

Abdalla el-Badri, secretary-general of the Organization of the Petroleum Exporting Countries (OPEC), recently cautioned of unstable crude oil prices as the market adjusts to the European Union’s decision to embargo imports of Iranian oil. In a London interview, he said that countries comprising the European Union will take a while before finding a substitute for the 500,000 barrels of oil...
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How to invest like the best of them

No one enjoys losing money on the stock market. With the current economic times seemingly tougher than ever, the list of people, companies and phenomenon to blame for losses is a long and tempting one. Yet ultimately it is not the individual companies, or an individual product or the stock market as a whole that dictate the fate of one’s investments. It is the investor him/herself. Such is the...
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