The Trump administration has backed off a plan to reduce ethanol requirements, drawing praise from the biofuels sector and concerns from oil refiners that feel the current mandates are too expensive.
I see more value in the E&P stocks--which are being sold off in the wake of Harvey--than in stocks of the refiners, which have performed relatively well.
Tropical Storm Harvey, once a category four hurricane before hitting landfall late Friday night, has forced many oil producers to close down. Here's how many barrels per day have been lost.
Sanctions on Venezuelanoil imports would impact Citgo the most, while other U.S. Gulf Coast refiners could benefit if Citgo has to curtail operations. Here is the full list of refiners that used [...]