Business

Why oil prices keep falling with United States refineries knocked out by storm

Why oil prices keep falling with United States refineries knocked out by storm

Tropical Storm Harvey has been looming around for some time now in the Western Gulf of Mexico and is now expected to be a major hurricane by the time that it makes landfall somewhere around Corpus Christi, Texas. Mexico alone drew some 324,000 bpd of gasoline from the U.S. Gulf Coast that month, accounting for almost half of the country's gasoline demand. The US Gulf Cost is home to about a third of American refining capacity, much of which is now off line due to the storm and flooding.


Gas prices to continue climb

Gas prices to continue climb

The price of gas is spiking in Montreal as the long weekend approaches. In Vancouver, McKnight predicts little change but McTeague says he expects a five-cent jump on Saturday. Gulf Coast. Across Canada, gas prices are up an average of 9.5 cents compared with last week. In September of 2008 prices spiked basically overnight compared to the nearly incremental increase Calgary is seeing now, explained McTeague.


Job creation in August falls to 156000, lower than year's average

Job creation in August falls to 156000, lower than year's average

The unemployment rate ticked back up to 4.4 from 4.3 as seen in May and July, but otherwise a 16-year low. Average hourly pay has just increased 2.5 percent over the 12 months ending in August. economy added 156,000 jobs in August, fewer than economists had expected. But economists expect initial unemployment claims to jump over the next few weeks as many businesses and workers have been immobilized by the devastating storms in Houston and across the Gulf Coast.


Palo Alto Networks, Inc. (PANW) Issues Quarterly Earnings Results

Palo Alto Networks, Inc. (PANW) Issues Quarterly Earnings Results

Jefferies Group LLC raised Palo Alto Networks from a hold rating to a buy rating and lifted their target price for the company from $130.00 to $150.00 in a research note on Friday, May 19th. The business's revenue for the quarter was up 24.9% compared to the same quarter previous year. It last reported revenues of $431.8 million and EPS of $0.61 for the April 2017, representing 25% top-line growth and 0.42 EPS growth.


All the fears about GST were wrong, rollout was smooth: Narendra Modi

All the fears about GST were wrong, rollout was smooth: Narendra Modi

That it worked on the ground is without a doubt given the Prime Minister's party delivering a body blow to its opponents both financially and politically, and winning a three-quarter majority, without naming a Chief Ministerial candidate, in the crucial Uttar Pradesh elections held shortly after the 50-day window to exchange notes got over.



Devon Energy Corporation (NYSE:DVN) Sees Significantly Lower Trading Volume

The stock declined 0.34% or $0.1 reaching $29.3 per share. About 1.64M shares traded. Finally, Sun Life Financial INC raised its position in shares of Devon Energy Corporation by 32,058.3% in the second quarter. The stock of Cynosure, Inc. (NASDAQ:GILD) on Monday, August 17 to "Buy" rating. Investors of record on Friday, September 15th will be given a $0.06 dividend.