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McDonald's raises quarterly dividend from 85 cents to 89 cents.
MDU increases its dividend for the 25th consecutive year; the quarterly dividend is being raised from 18.25 cents to 18.75 cents, or one-half penny per quarter, one penny per year.
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John Kemp's Weekly Energy Tweets
If you want to see why oil is nearing $40, just check out the graphs at John Kemp's tweets. Breathtaking, staggering.
Holy hydrocarbons, Batman! US commercial crude stocks rose 4.2 million bbls; the trend continues to grow, trending up, and it's already so far above the 10-year range, the graph will have to be re-set.
Ditto for US crude and product stocks which rose 2.6 million bbls last week; trend reversing after slight downtrend last two weeks; the stocks are so far above the 10-year range, the graph will have to be re-set.
Propane stocks continue counter-seasonal build and hit new record of 104 million bbls 9nex y-axis needed on chart)
US residual fuel oil stocks climb for 9th straight week by 1 million bbls and now at highest seasonal level for over ten (10) years
US distillate stocks basically flat after seven consecutive weekly declines.
US gasoline stocks adjusted for increased consumption now exactly in line with long-term average.
US gasoline stocks fell 2.1 million bbl last week taking total draw over last 5 weeks to almost 11 million bbls; but the number remains slightly above the 10-year range.
US gasoline consumption averaged 9.3 million bopd over last four weeks; +300,000 bopd above prior year and near the 10-year high.
US crude oil imports have held broadly steady during maintenance which explains the build up in crude stocks.
US refineries are gradually coming back from maintenance with processing up +302,000 bopd last week to 15.9 million bopd.
US refined product stocks fell another 1.7 million bbls, making total draw of almost 27 million bbls over last 8 weeks, but still way, way above the 10-year range.
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