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Oil and Gas Refining

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  • NEW YORK, Aug 21- U.S. crude rose and Brent futures pared losses on Thursday, lifted by supportive economic data from the United States after a plentiful supply picture and Chinese economic data had earlier pressured prices.

  • HOUSTON/ CARACAS, Aug 21- Venezuela's shipments of crude oil and fuel to its allies have fallen to a five-year low as a weak economy hits its ability to uphold accords that former President Hugo Chavez struck to lower energy costs for friends and expand his diplomatic clout.

  • FACTBOX-Venezuelan energy accords driven by Hugo Chavez Thursday, 21 Aug 2014 | 11:08 AM ET

    HOUSTON, Aug 21- Venezuela signed numerous energy deals during former President Hugo Chavez's 14 years in power, allowing countries in the Caribbean, Central America and other regions to receive oil on favorable financial terms.

  • *Saudi Arabia pumps 10 million bpd in July. The world's top two crude oil benchmarks have fallen by more than $10 a barrel since June on a build-up of supply in the Atlantic Basin and diminishing worries over the risk that conflicts in the Middle East would hit oil production.

  • *Saudi Arabia pumps 10 million bpd in July. Libya has resumed exports from its largest port, helping push the country's oil output to its highest for months, while top exporter Saudi Arabia raised its output in July to 10 million barrels per day.

  • *Libya restarts oil exports from biggest port. "This is a figure which indicates that growth is likely to be reasonably moderate and any upside to current expectations about China will be possibly muted," said Ric Spooner, chief analyst at CMC Markets in Sydney.

  • NEW YORK, Aug 20- U.S. crude oil rose in choppy trading on Wednesday ahead of the September contract's expiration and after government data showed crude stocks in the United States fell sharply last week. U.S. crude stocks slid by 4.5 million barrels last week, the U.S. Energy Information Administration said, more than analysts had expected.

  • NEW YORK, Aug 20- As the first U.S. oil condensate exports head to Asia from the Gulf Coast, crude producers and refiners are exploring ways to get around a century-old law that makes it three times more expensive to ship by water between U.S. ports than to sail to a foreign port.

  • SINGAPORE, Aug 20- Previously ranked as Asia's top diesel importer, now No.3 Indonesia is expected to take a third less of the fuel this year as demand from mining falters and biodiesel use in transport and industry grows with a mandate implemented in January.

  • NEW YORK, Aug 19- U.S. crude oil lost nearly $2 on Tuesday, falling for a second straight day as a rush of selling ahead of the session close brought the contract to its lowest price since January.

  • Brent crude oil for delivery in October was up 4 cents at $101.64 a barrel at 12:56 p.m. EDT, after falling to $101.07, the lowest level since June 2013, the same month Brent prices were last below $100 a barrel.

  • *Brent could test $100 but will meet strong support there. Brent crude oil prices for delivery in October were up 11 cents at $101.71 a barrel by 0940 GMT, after closing $1.93 a barrel lower on Monday, but traders said that the market remained weak.

  • *Lukoil says operations in Iraq unaffected by violence. MOSCOW, Aug 19- Lukoil, Russia's second biggest oil producer, said on Tuesday it had shipped 1 million barrels of oil produced from southern Iraq's giant West Qurna-2 oilfield, its first shipment from the field, despite a surge of violence in Iraq.

  • *Brent could test $100, but should meet strong support. SINGAPORE, Aug 19- Brent crude edged up towards $102 a barrel on Tuesday, but stayed near a 14- month low reached in the previous session on weak demand and easing concerns over risks to supply.

  • *Brent could test $100, but should meet strong support. SINGAPORE, Aug 19- Brent crude edged up towards $102 a barrel on Tuesday, but stayed near a 14- month low reached in the previous session on weak demand and easing concerns over risks to supply.

  • Brent edges up towards $102, but still near 14-mth low Monday, 18 Aug 2014 | 11:58 PM ET

    *Brent could test $100, but should meet strong support. SINGAPORE, Aug 19- Brent crude edged up towards $102 a barrel on Tuesday, but stayed near a 14- month low reached in the previous session on weak demand and easing concerns over risks to supply.

  • *Indonesia, Vietnam look "most promising" in Asia. TOKYO, Aug 19- JX Nippon Oil& Energy Corp is looking at building refineries and petrol stations in Indonesia and Vietnam as fuel consumption slumps at home, in what would be its first major downstream oil investment in Asia outside Japan.

  • *Kurdish forces make progress in Iraq against militants. NEW YORK, Aug 18- Brent crude oil shed nearly $2 a barrel to reach its lowest price in over a year on Monday as investor concerns over conflict in Ukraine and Iraq eased, and as higher Libyan oil output added to already ample supplies.

  • *Kurdish forces make progress in Iraq against militants. NEW YORK, Aug 18- Brent crude oil shed more than $2 a barrel to reach its lowest price in over a year on Monday as investor concerns over conflict in Ukraine and Iraq eased, and as higher Libyan oil output added to already ample supplies.

  • *Kurdish forces make progress in Iraq against militants. NEW YORK, Aug 18- Brent crude oil sunk by more than $2 a barrel to its lowest price in over a year on Monday as investor concerns over conflict in Ukraine and Iraq eased, and as higher Libyan oil output added to already ample supplies.