Informative Articles About Our Research
CVR Energy – another case study in low refining margins
By Hoekstra Trading LLC |
Investors and analysts are confused about how to interpret low refining margins being reported this year. Much of the confusion ...
Read More US retail octane value hits new high
By Hoekstra Trading LLC |
Last week, the US average retail octane value (premium - regular gasoline price differential) hit a new high of 71.4 ...
Read More Strange happenings in refineries
By Hoekstra Trading LLC |
Strange things are happening in this refinery. Is anyone hurt? https://www.amazon.com/13-Days-Pythagoras-Conspiracy-Thrillers-ebook/dp/B015LI65GI/ref=nodl_ When will we have results of those catalyst analyses? ...
Read More What’s the missing piece in Phillips 66 refining profit problem?
By Hoekstra Trading LLC |
NOTE ADDED March 3/2025 See Love Letters Part 1 Big Oil Gets Tough Love From Investor Elliott Management Investors are ...
Read More Poor refining profitability puzzles investors
By Hoekstra Trading LLC |
An Aug. 16, 2021 article titled Phillips 66 Stock: Advantaged By Its Refining-Adjacent Businesses, by Laura Starks was published on ...
Read More Today’s octane economics
By Hoekstra Trading LLC |
Because octane can seem confusing, consider a more familiar commodity, wine. Imagine you own a vineyard. You produce wine for ...
Read More Refining’s margin capture problem — here’s the hidden cause
By Hoekstra Trading LLC |
A sore point in US refiners' 2021 earnings has been low "margin capture" rates. Margin capture refers to actual realized ...
Read More Refiners rebuffed again on RIN price pass-through
By Hoekstra Trading LLC |
In an eight-year battle over Renewable Identification Numbers (RINS), refiners have failed to get much relief from their RIN obligations. ...
Read More Hidden costs of Tier 3 gasoline hurt refiners’ gasoline production and profit margins
By Hoekstra Trading LLC |
For the first time, US refiners are being challenged to meet the EPA's Tier 3 10-ppm sulfur gasoline specification while ...
Read More A billion dollar question: do refiners recapture RINs expense?
By Hoekstra Trading LLC |
There is much confusion in the refining industry on whether and how $billions/year of Renewable Identification Number (RIN) expenses are ...
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