Oil and Gas Refining
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NEW DELHI/ SEOUL, May 21- India has slashed Iranian oil imports by almost a fifth since December, the sharpest cut among Asian buyers, in a move that should increase its chances of winning a new U.S. waiver next month on sanctions targeting oil trade with Iran.
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LONDON, May 20- Petroleum coke piled up along the banks of the Detroit River has sparked a storm of protest from local residents and environmental campaigners, who claim they are just one more problem associated with the bituminous tar sands being mined in western Canada.
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HOUSTON/ NEW YORK, May 20- For the past three years, the boom in the U.S. shale oil industry has outstripped all expectations. News from two of the country's less developed shale plays in Colorado and Ohio last week offer a reality check for the wave of euphoria that has washed across the industry.
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May 19- The price of a gallon of gasoline in the United States rose sharply in the last two weeks amid outages at Midwest and West Coast refineries, according to a widely followed survey released on Sunday.
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LONDON/ WASHINGTON, May 17- A European probe into possible oil price manipulation expanded with the investigation of a small niche trading house in the Netherlands and a key U.S. senator on Friday called for the Justice Department to join the investigation.
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NEW YORK, May 17- Oil climbed for a third straight session on Friday, supported by a raft of strong economic data from top oil consumer the United States that also boosted U.S. equities, although a strong dollar limited gains in oil prices.
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May 17- The U.S. Federal Trade Commission on Friday said it approved Tesoro Corp's purchase of BP Plc's 240,000 barrel per day Los Angles area refinery and other assets in a 3-0 vote. The commission found the deal would not substantially lessen competition among seven refiners for gasoline in California, the nation's largest gasoline market.
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NEW YORK, May 17- Oil climbed for a third straight session on Friday, supported by a raft of strong economic data from top oil consumer the United States that boosted U.S. equities, although a strong dollar limited gains in oil prices.
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*European Commission has raided pricing agency Platts. The mid-sized trading company, which deals in physical oil products and owns storage facilities, was visited by inspectors from the European Commission on Tuesday.
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*BP Arco station owners told sale could happen by June 1. HOUSTON/ WASHINGTON, May 16- Independent western U.S. refiner Tesoro Corp may take ownership of BP Plc's 240,000 barrel per day refinery in Carson, California, as early as June 1, sources familiar with the transaction said on Thursday.
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WASHINGTON, May 16- The full U.S. House of Representatives will soon begin debate on a bill to approve the Canada- to-Nebraska Keystone XL oil pipeline, a lawmaker said on Thursday after his panel advanced the measure.
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HOUSTON, May 16- Independent western U.S. refiner Tesoro Corp may take ownership of BP Plc's 240,000 barrel per day Carson, California, refinery, 800- station retail network and distribution and storage assets as early as June 1, said sources familiar with the transaction on Thursday.
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--Clyde Russell is a Reuters market analyst. LAUNCESTON, Australia, May 16- The decline in China's implied oil use in April to an 8- month low, coupled with flat crude imports, gives the impression of weak demand, but the numbers aren't telling the whole story.
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SINGAPORE, May 16- U.S. crude futures slipped towards $94 a barrel on Thursday as rising U.S. gasoline stocks weighed on sentiment, but prices were buoyed as talks between the United Nations' nuclear agency and Iran stalled. U.S. crude had fallen 18 cents to $94.12 a barrel by 0300 GMT, after ending 9 cents higher to snap four sessions of losses.
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*IAEA nuclear talks with Iran reach deadlock. NEW YORK, May 15- Brent crude oil prices rose by more than $1 on Wednesday, reversing early losses to settle above $103 a barrel and increasing its premium over U.S. crude to the largest in 13 sessions.
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NEW YORK, May 15- Brent crude oil prices reversed course on Wednesday and rose on the back of a rally in U.S. equity markets despite an increase in U.S. refined products inventories and data showing the euro zone was in its longest recession ever.
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NEW YORK-- The Energy Department is expected to report on Wednesday that the nation's crude oil supplies grew by 300,000 barrels in the week ended May 10, according to a survey of analysts by Platts, the energy information arm of McGraw-Hill Cos.
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NEW YORK, May 14- Brent crude oil prices fell on Tuesday after a global energy watchdog described world supplies as "comfortable" and analysts forecast a continued build in the U.S. crude inventory, while gasoline rose 1 percent on expected inventory draws ahead of the summer driving season.
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CARACAS, May 14- Venezuela in 2012 became a net importer of gasoline as a result of escalating problems at its refineries and increasing demand for fuel in its internal market, joining a growing list of countries that struggle with fuel supplies despite ample oil reserves.
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*IEA steeply raises non- OPEC supply forecast. *OPEC will barely have to raise output in next 5 years. LONDON, May 14- Rising U.S. shale oil production will help meet most of the world's new oil demand in the next five years, even if the global economy picks up steam, leaving little room for OPEC to lift output without risking lower prices, the West's energy agency said.