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Oil and Gas Refining

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  • MEXICO CITY, July 23- Mexican state oil giant Pemex said on Wednesday that work at most of its Ciudad Madero refinery in northern Mexico had been halted while it tried to contain an ongoing blaze in a storage tank.

  • *Europe has 2 million bpd excess oil refining capacity. LONDON, July 23- Europe is coming under increasing pressure to close oil refineries as chronic over-capacity hits processing margins, dragging down group profits and hitting share prices.

  • The European Union threatened Russia with harsher sanctions on Tuesday after the downing of the Malaysian airliner in Ukraine, straining the EU's relationship with the world's second-largest oil exporter.

  • The European Union threatened Russia with harsher sanctions on Tuesday after the downing of the Malaysian airliner in Ukraine, straining the EU's relationship with the world's second-largest oil exporter.

  • The European Union threatened Russia with harsher sanctions on Tuesday after the downing of the Malaysian airliner in Ukraine, straining the EU's relationship with the world's second-largest oil exporter.

  • *EU threatens new sanctions on Russia. The European Union threatened Russia with harsher sanctions over Ukraine, while Israel pounded targets across the Gaza Strip with no ceasefire in sight. Brent crude for September delivery fell 27 cents to $107.06 a barrel by 0700 GMT, after slipping 35 cents in the previous session.

  • *EU threatens new sanctions on Russia. The European Union threatened Russia with harsher sanctions over Ukraine, while Israel pounded targets across the Gaza Strip with no ceasefire in sight. Brent crude for September delivery fell 11 cents to $107.22 a barrel by 0603 GMT, after slipping 35 cents in the previous session.

  • Brent holds steady above $107; U.S. oil stocks in focus Wednesday, 23 Jul 2014 | 12:33 AM ET

    EU threatens new sanctions on Russia. The European Union threatened Russia with harsher sanctions over Ukraine, while Israel pounded targets across the Gaza Strip with no ceasefire in sight. Brent crude for September delivery fell 6 cents to $107.27 a barrel by 0333 GMT, after slipping 35 cents in the previous session.

  • CALGARY, Alberta, July 22- Canada's largest pipeline company Enbridge Inc may build a 140,000 barrel per day unit train unloading terminal in Pontiac, Illinois, to relieve congestion on its crude oil export network.

  • UPDATE 8-Oil slips as supplies flow despite conflicts Tuesday, 22 Jul 2014 | 4:09 PM ET

    NEW YORK, July 22- Brent and U.S. crude settled lower after a choppy trading session on Tuesday as oil supplies remained unaffected by continuing violence in Iraq, Ukraine and Gaza. The European Union threatened Russia on Tuesday with harsher sanctions over Ukraine that could inflict wider damage on its economy following the downing of a Malaysian airliner.

  • NEW YORK, July 22- Brent and U.S. crude edged lower in choppy trading on Tuesday as oil supplies remained unaffected by continuing violence in Iraq, Ukraine and Gaza.

  • NEW YORK, July 22 (Reuters)- Brent crude oil futures edged higher in choppy trading on Tuesday, as traders searched for direction amidst political tensions in Ukraine and Gaza, and U.S. prices were supported by expectations of a drop in national stockpiles.

  • The city of 25,000, known for its scenic lighthouses and sweeping views of the island-speckled waters of Casco Bay, is also the east coast's second largest oil port, located at the southern terminus of the Portland-Montreal Pipeline, which currently flows north to Canada.

  • LONDON, July 22- Brent crude oil rose above $108 a barrel on Tuesday, boosted by escalating political tensions over Ukraine and a fall in Libyan output, while U.S. prices were supported by expectations of a drop in national stockpiles.

  • UPDATE 4-Oil rises above $108 on Ukraine, Gaza crisis Tuesday, 22 Jul 2014 | 6:48 AM ET

    *Fighting in Ukraine, Gaza adds to oil risk premium. LONDON, July 22- Brent crude oil rose above $108 a barrel on Tuesday, boosted by escalating political tensions over Ukraine and fighting in Gaza, while U.S. prices were supported by expectations of a drop in national stockpiles.

  • *Fighting in Ukraine, Gaza adds to oil risk premium. LONDON, July 22- Brent crude steadied around $108 a barrel on Tuesday, supported by expectations of large draws in U.S. oil stockpiles and escalating geopolitical tension over Ukraine causing European foreign ministers to consider further sanctions on Russia.

  • *U.S. accuses Russia of complicity in shooting down flight MH17. NEW YORK, July 21- Oil prices rose on Monday as the threat of escalating tension between Russia and the West over the crisis in Ukraine mounted, while August U.S. crude zoomed higher prior to its expiry.

  • U.S. accuses Russia of complicity in shooting down flight MH17. *New European sanctions on Russia may heighten oil risk premium. NEW YORK, July 21- Oil prices rose on Monday as the threat of escalating tension between Russia and the West mounted, while August U.S. crude zoomed higher prior to its expiry.

  • *U.S. accuses Russia of complicity in shooting down flight MH17. *New European sanctions on Russia may heighten oil risk premium. NEW YORK, July 21- Oil prices rose on Monday as the threat grew of escalating tension between Russia and the West, while August U.S. crude zoomed higher prior to its expiry.

  • July 21- Delta Air Lines Inc, trying to boost savings on manufacturing of jet fuel, said on Monday it reached a five-year agreement with a Dallas energy company for 65,000 daily barrels of U.S. crude oil to be supplied to its Pennsylvania refinery.