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Oil and Gas Refining

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  • *Winter demand should support oil prices- OPEC delegates. SINGAPORE, Sept 18- Brent crude dropped towards $98 per barrel on Thursday as the dollar firmed amid fears of a faster hike in U.S. interest rates, while a rise in U.S. crude stocks also hurt prices.

  • *India Oil Corp buys Iran oil after 2- mth gap. World powers and Iran are working to resolve a decade-old dispute over the OPEC nation's nuclear programme, with an interim deal that eases some sanctions on the country extended by four months to late November.

  • Sept 18- The mothballed Hovensa refinery, once the largest in the Western hemisphere, could be the latest "zombie refinery" to come back to life, revived by the U.S. shale boom.

  • *Winter demand should support oil prices- OPEC delegates. SINGAPORE, Sept 18- Brent crude dropped towards $98 per barrel on Thursday, pressured by a stronger dollar on fears about a looming U.S. interest rate increase and a steep spike in U.S. crude stocks.

  • NYMEX-U.S. crude falls below $94 on high stock build Wednesday, 17 Sep 2014 | 8:38 PM ET

    SEOUL, Sept 18- U.S. crude futures fell below $94 a barrel on Thursday in early Asian trade, pressured by an unexpected inventory build and a strong U.S. dollar, although the fall was capped by a Libyan oil field closure and strikes in Nigeria.

  • NEW YORK, Sept 17- PBF Energy plans to begin an over month-long, refinery-wide maintenance shutdown of its 160,000 barrel-a-day facility in Toledo, Ohio, on Oct. 10, according to a person familiar with the refinery's operations.

  • NEW YORK, Sept 17- PBF Energy plans to begin an over month-long, refinery-wide maintenance shutdown of its 160,000 barrel-a-day facility in Toledo, Ohio, on Oct. 10, according to a person familiar with the refinery's operations.

  • NEW YORK, Sept 17- Brent turned lower and U.S. crude extended losses on Wednesday after a government report showed crude stocks rose sharply in the United States last week and as a strong dollar continued to create headwinds for dollar-denominated commodities.

  • *OPEC could trim 2015 output to 29.5 mln bpd- Badri. Brent was down 42 cents at $98.63 a barrel by 1457 GMT, after closing up $2.40 in the previous session, the biggest daily gain since Sept. 3. "It looks like we've got extra oil hanging around- that was the initial shock of the number," said Phil Flynn, an analyst at the Price Futures Group in Chicago.

  • *OPEC could trim 2015 output to 29.5 mln bpd- Badri. LONDON, Sept 17- Brent crude oil steadied at around $99 per barrel on Wednesday, after jumping on Tuesday on hopes the Organization of the Petroleum Exporting Countries would help reduce a global supply glut by cutting output.

  • *OPEC could trim 2015 output to 29.5 mln bpd- Badri. Many OPEC countries need oil prices above $100 a barrel in order to meet their budget needs and analysts say Saudi Arabia, OPEC's biggest producer, could cut production in an effort to support prices. Any production cut by OPEC, due to meet in November, would be the group's first since 2008..

  • *OPEC could trim 2015 output to 29.5 mln bpd- Badri.

  • Brent keeps gains, stays near $99 on OPEC output cut talk Wednesday, 17 Sep 2014 | 12:11 AM ET

    *OPEC could trim 2015 output to 29.5 million bpd- Badri. The European benchmark sank to a 26- month low this week on continued worries about rising supplies and slower demand growth in China and Europe, but prices rose on Tuesday after OPEC's secretary general Abdullah al-Badri said the group could trim its 2015 output target by 500,000 barrels per day.

  • SEOUL, Sept 17- U.S. crude futures edged lower in early Asian trade on Wednesday as U.S. crude and distillate inventories rose more than expected, easing after steep gains in the previous session on talk of an OPEC production cut and news of lower output in Libya.

  • WASHINGTON, Sept 16- Pipeline operator TransCanada Corp is likely to haul Canadian oil sands crude by rail whether or not its embattled Keystone XL pipeline project is finally approved by Washington, the company's chief executive said on Tuesday.

  • *OPEC to cut output target in November meeting- Badri. *Russia to send troops to Crimea amid NATO exercises in Ukraine. NEW YORK, Sept 16- U.S. crude futures rose by more than $2 and Brent by more than $1 on Tuesday on the prospect of an OPEC production cut as well as on a weakening dollar and news that Libya had curbed output after rockets hit an area near a refinery.

  • *Russia to send troops to Crimea amid NATO exercises in Ukraine. NEW YORK, Sept 16- U.S. crude futures rose more by more than $2 and Brent by more than $1 on Tuesday on the prospect of an OPEC production cut as well as on a weakening dollar and news that Libya had curbed output after rockets hit an area near a refinery.

  • *OPEC to cut output target in November meeting- Badri. NEW YORK, Sept 16- Brent and U.S. crude futures rose more than a dollar on Tuesday on the prospect of a possible OPEC production cut and on news that Libya curbed output after rockets hit an area near a refinery.

  • Revamped U.S. refineries are absorbing heavy Canadian crude and new oil-rail terminals built by companies like Gibson Energy Inc and Canexus Corp are loading trains to deliver crude to markets across North America, and potentially abroad, limiting the downturn and keeping prices buoyant compared to the past seasons.

  • *Leading investors include Harvest Fund Mgt, China Life Insurance, Tencent. HONG KONG/ BEIJING, Sept 14- Sinopec Corp will sell a 107.1 billion yuan stake in its retail unit to a group of 25 Chinese and foreign investors, Asia's top oil refiner said in a statement on Sunday.