US refinery utilization to stay elevated this quarter
US oil refiners plan to capitalize on market tightness and strong profit margins to continue operating...
US oil refiners plan to capitalize on market tightness and strong profit margins to continue operating their facilities at near-maximum capacity this quarter, company forecasts and analysts suggest. Marathon Petroleum is aiming for 93% utilization of its refining capacity, while Valero Energy, Phillips 66 and LyondellBasell have also set targets above 90%.
Walgreens unit VillageMD has inked a $9 billion deal to buy Summit Health, the owner of everyone’s favorite spot for a Covid test: CityMD urgent-care centers.
Liverpool FC might be up for sale, according to the storied UK football club’s American owners, Fenway Sports.
The National Park Service is warning people not to lick Colorado river toads—apparently the toads release toxins that act as psychedelics when smoked but are poisonous when ingested.
Airbnb has heard your complaints about cleaning fees. The company said that starting...
Airbnb has heard your complaints about cleaning fees. The company said that starting in December, it will let travelers filter searches by the total pre-tax price of the stay, with cleaning fees included in that total. Airbnb also plans to roll out a feature next year that lets you see the cleaning requirements before you book, so you’ll no longer find yourself unexpectedly being asked to shampoo your host’s carpets.
With great nepotism comes great responsibility. Tyson Foods CFO John Tyson, who is also the son of Tyson's chairman and great-grandson of its founder, was arrested this weekend for allegedly being so intoxicated that he broke into a stranger’s house and fell asleep in her bed. But here’s the weirdest part: This happened in Washington County, Arkansas. That’s the same county where Beyond Meat’s ex-COO was arrested for allegedly biting someone’s nose in September.
The US seized $3.36 billion in bitcoin stolen from an internet black market. The DOJ said yesterday it got the bitcoin stash when it raided the home of James Zhong, who pleaded guilty to wire fraud Friday. Zhong allegedly stole the crypto back in 2013 from the since-shuttered dark web marketplace Silk Road. The seizure marks the government’s second-largest crypto recovery ever, after the $3.6 billion-worth it got from the Brooklyn couple accused of hacking Bitfinex.
Benchmark U.S. crude oil for December delivery fell 82 cents to $91.79 a barrel Monday. Brent crude for January delivery fell 65 cents to $97.92 a barrel.
Wholesale gasoline for December delivery fell 8 cents to $2.65 a gallon. December heating oilfell 13 cents to $3.78 a gallon. December natural gasrose 54 cents to $6.94 per 1,000 cubic feet.
Berkshire Hathaway Could Boost Earnings after Occidental Accounting Change
Warren Buffett's Berkshire Hathaway Inc could soon see a boost to its bottom line after changing its accounting for its big stake in Occidental Petroleum Corp.
In its quarterly report on Saturday, Berkshire said it adopted the equity method of accounting for its 20.9% stake in Occidental, which is worth more than $14 billion.
Berkshire plans, starting in the fourth quarter, to report its share of the Houston-based company's results with its own, with a one-quarter lag.