Energy Biz Replay: Venezuelan Fire IMPACTS US Refiners, Canada LOOKS At Cnooc
The energy minister of Venezuela declares that the inferno which has ceased operations at its largest refinery is “totally extinguished,” but a recent live broadcast by Venezuelan TV did show flames and black smoke emanating from at least one of the fuel storage tanks. Shares of Valero Energy Corporation (NYSE:VLO) are the leading gainer among refineries, and those of Chevron Corporation (NYSE:CVX) and Exxon Mobil Corportion (NYSE:XOM) are also benefitting.
Investing Insights: Gold and Silver Hold Steady Ahead of Ben Bernanke.
Officials in Canada have waited weeks to comment upon Cnooc Limited’s (NYSE:CEO) $15 billion takeover offer for Nexen Inc. (NYSE:NXY), but they now are said to be looking for reciprocity with current Chinese restrictions over foreign investment.
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