Oil companies including Valero, Phillips 66, Marathon, PBF Energy, and Delek US are facing market outlook challenges due to expected crude price gaps and weaker NGL prospects.
1 report, 1 independent
Updated Sep 3
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What happened
Oil companies including Valero, Phillips 66, Marathon, PBF Energy, and Delek US are facing market outlook challenges due to expected crude price gaps and weaker NGL prospects.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- NGL Energy Partners LP is experiencing market volatility, with strong performance leading to EBITDA increases while lower production and crude oil prices cause decreases.Sub-event
Market outlook for oil companies due to crude price gaps and NGL prospects.1 source
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The entities involved
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Valero Energy
American petroleum company
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Phillips 66
American energy and logistics company
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Bank of America
American multinational banking and financial services corporation
Coverage
Newest first; wire copies grouped- Investing.comBofA lifts Valero rating on heavy crude advantage but downgrade Phillips 66 Investing.com -- Bank of America upgraded Valero Energy to Buy from Neutral, saying the refiner stands to benefit most from