Refining Problems News Today

Pakistan Refinery denies Russian crude oil import suspension amid processing concerns. CEO clarifies successful processing, ongoing negotiations

To fix this. what do you do? >> i dont know how to fix it. if i could wave a magic wand, i certainly would. we know that employment is up, prices at the pumper plummeting, all except in my backyard in chicago where we have refining problems. we also know the housing market is picking up. thats what happens to the overwhelming majority of households. this is really hard. i wont discount that, but we are moving into this storm with some tailwinds that will leave us battered, but not beaten as we g...

>> harris: many americans dealing with record high gas prices this holiday weekend. a.a.a. reporting spiked 32 cents this month largest increase in seven years. much of the increase happening overnight. just last night after nearly all u.s. oil production in the gulf came to a stand still because of hurricane isaac this week. production expected to get back to normal over the next few days. right now the national average for a gallon of regular $3.83 going into the final big travel weekend of th...

Nothing but wallowbies there. >> not a lot of good choices in this world where we sit. were sitting in oil in the context of 9.1% oil in this country. brent oil is at $110 a barrel. if you ask any economist worth his salt 12 years ago, 9.1% unemployment in the usa, zero growth in the zur zone, whats the price of oil, he would have said $10 or $15. its sitting at $110. theres not a lot of good choices, but the point is in this country, even if you got around the refining problems, even if you wan...