GO
Loading...

Oil and Gas Refining

More

  • *BP says expects minimal impact from late Wednesday blaze. WHITING, Ind., Aug 28- Wholesale gasoline prices surged in Chicago on Thursday after a fire hit a piece of equipment used to produce gasoline at BP Plc's refinery in nearby Whiting, Indiana, trade and industry sources said.

  • UPDATE 5-Oil steadies around $103 on ample supply Thursday, 28 Aug 2014 | 9:34 AM ET

    *Fire hits BP's largest U.S. refinery, at Whiting, Indiana. LONDON, Aug 28- Brent crude oil steadied around $103 a barrel on Thursday, not far above 14- month lows on ample supply and lacklustre demand as global economic growth remained tepid.

  • Iraq to appeal U.S court decision on Kurdish oil Thursday, 28 Aug 2014 | 9:15 AM ET

    However, the court gave Baghdad 10 days to resubmit its case. The United Kalavrvta tanker, carrying about $100 million worth of Kurdish crude, has been anchored in the Gulf of Mexico for weeks, with the Iraqi region of Kurdistan locked in a legal battle over ownership with the central government of Iraq.

  • *Supply rises by 90,000 bpd, led by Libya, Angola. LONDON, Aug 28- OPEC's oil production has risen in August from July, a Reuters survey found on Thursday, as a recovery in Libyan supply held up and Angola and Iran boosted supplies, outweighing a further decline in Iraq.

  • *PetroChina says aims to make Athabasca payment soon. HONG KONG, Aug 28- PetroChina, the country's top oil and gas producer which also owns refineries, posted a 15 percent rise in second-quarter profit, partly due to higher upstream earnings and improved refining margins.

  • The imports would mark an abrupt shift from a decades-old devotion to crude oil self-sufficiency in Mexico, long a major exporter to the United States. His comments are the strongest signals to date on both the timing and potential volumes of light crude imports to Mexico.

  • INTERVIEW- MEXICO LIGHT CRUDE IMPORTS WOULD BE GRADUAL, COULD RANGE FROM 35,000 BPD TO 70,000 BPD DEPENDING ON REFINERY NEEDS-PMI.

  • BP says Whiting refinery still in production after fire Thursday, 28 Aug 2014 | 5:43 AM ET
    A gas truck pulls into the tanker farm at BP's refinery in Whiting, Indiana

    BP said its largest U.S. refinery, at Whiting, Indiana, continued to operate on Thursday morning following a blaze the night before.

  • UPDATE 1-Brent hovers below $103 as ample supply weighs Thursday, 28 Aug 2014 | 1:43 AM ET

    *Fire hits BP's largest U.S. refinery. *Hope fades for Ukraine- Russia ceasefire deal. SINGAPORE, Aug 28- Brent futures dipped on Thursday, but still held between $102 and $103 a barrel, as ample supply and a refinery fire in the United States that could reduce crude demand weighed on prices.

  • Aug 28- An explosion shook BP Plc's Whiting, Indiana refinery, its largest in the United States, on Wednesday night but a resulting fire had been contained as of 9:30 pm local time, according to a report by WFLD-TV.

  • Blast at BP refinery sparks fire, rattles homes Thursday, 28 Aug 2014 | 12:01 AM ET

    WHITING, Ind.— An explosion at BP oil refinery in northwestern Indiana along Lake Michigan rattled nearby homes and sparked a fire that was later extinguished, but it didn't cause any major injuries or halt production at the facility, a company official said Thursday.

  • SINGAPORE, Aug 28- U.S. crude held near $94 a barrel on Thursday after a neutral inventory report, with investors looking ahead to economic data to gauge the outlook for demand in the world's largest oil consumer. *U.S. crude had edged down 13 cents to $93.75 a barrel by 0033 GMT.

  • *Venezuela has been crude exporter for last century. HOUSTON, Aug 27- OPEC member Venezuela is considering importing crude oil for the first time ever and could use Algerian light crude as blending stock to boost sales of its own extra heavy oil, according to an internal document from the state-run energy company PDVSA seen by Reuters on Wednesday.

  • SINGAPORE, Aug 27- U.S. crude held near $94 a barrel on Wednesday following overnight gains on supportive data that showed a drop in crude inventories last week. *U.S. crude edged down 1 cent to $93.85 a barrel by 0030 GMT after settling up 51 cents on Tuesday.

  • HOUSTON, Aug 26- A tanker loaded with $100 million of Kurdish crude oil cannot be delivered in Texas soon because of risks for buyers as Iraq mulls further legal challenges, so a month-long standoff will drag on, a source close to the matter said on Tuesday.

  • HOUSTON, Aug 26- A tanker loaded with $100 million of Kurdish crude oil cannot be delivered in Texas soon because of risks for buyers as Iraq mulls further legal challenges, so a month-long standoff will drag on, a source close to the matter said on Tuesday.

  • Business Highlights Tuesday, 26 Aug 2014 | 5:41 PM ET

    Burger King plans expansion of Tim Hortons. Burger King said Tuesday it will buy Tim Hortons in an $11 billion deal that would create the world's third largest fast-food chain.

  • Mexico to receive major economic jolt, experts say Tuesday, 26 Aug 2014 | 4:23 PM ET
    Enrique Peña Nieto, Mexico's president, speaks about energy reform at Los Pinos, the presidential residence, in Mexico City in August 2014.

    Mexico's new energy reforms will not only increase foreign investment, but will also help domestic firms across the economy.

  • QUITO, Aug 26- Ecuador is in talks with China Development Bank to renew a $1.5 billion credit line, the Finance Ministry said on Tuesday, saying that the funds would be used for investments to be carried out in 2015.. Ecuador's Finance Ministry did not respond to requests for more details.

  • HOUSTON, Aug 25- A U.S. court on Monday threw out an order to seize some 1 million barrels of disputed Iraqi Kurdish crude oil from a tanker near Texas, a move that could allow the cargo to be delivered and end a nearly month-long impasse.