Corpus Christi News
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International investors are the most bullish they’ve been on the U.S. and Japanese markets in more than 3-1/2 years as both countries’ economies are seen as improving, according to the latest Bloomberg Global Poll.
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Following is the text of the weekly U.S. Drought Monitor as released by the National Drought Mitigation Center in Lincoln, Nebraska:
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Light Louisiana Sweet crude weakened against heavier grades, making it more difficult for refiners to make money running cokers.
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The following is a selection of the most important news affecting the oil market.
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U.S. Gulf Coast fuels strengthened after Citgo Petroleum Corp. shut a fluid catalytic cracker at the Corpus Christi East refinery in Texas and two plants began planned maintenance.
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In May 2008, a unit of Koch Industries Inc., one of the world’s largest privately held companies, sent Ludmila Egorova-Farines, its newly hired compliance officer and ethics manager, to investigate the management of a subsidiary in Arles in southern France. In less than a week, she discovered that the company had paid bribes to win contracts.
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Cheniere Energy Inc. may wrap up financing and make a final investment decision in the next four to six weeks on whether to build third and fourth production units for its Sabine Pass liquefied natural gas export project.
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U.S. Gulf Coast gasoline strengthened, rising from a two-week low, as Valero Energy Corp. and Flint Hills Resources LLC shut units or were conducting maintenance at refineries in Corpus Christi, Texas.
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The following is a selection of the most important news affecting the oil market.
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Gulf Coast gasoline strengthened the most in a week against futures after Motiva Enterprises LLC was said to be keeping a crude unit shut for another week at its Port Arthur, Texas, refinery.
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