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Oil and Gas Refining

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  • *Region supplied 5 percent of French oil needs in 1920 s. Merkwiller-Pechelbronn, France, Oct 1- S ustainably high oil prices have lured small oil explorers back to Alsace, the cradle of the French oil exploration industry that gave birth to corporate giants such as Schlumberger.

  • *OPEC output highest since November 2012- Reuters. LONDON, Sept 30- OPEC's oil supply jumped to its highest in almost two years in September, a Reuters survey found, due to further recovery in Libya and higher output from Saudi Arabia and other Gulf producers in the face of sub- $100 per barrel oil prices.

  • LONDON, Sept 30- U.S. oil refiners have been among the biggest beneficiaries of free trade in the last decade, so it is ironic some continue to lobby hard to maintain the protectionist ban on crude exports. Production, profits and jobs at U.S. refineries are increasingly underpinned by exports to Europe, Latin America and Asia.

  • *1st export of Alaskan crude to South Korea in more than a decade. NEW YORK/ SEOUL, Sept 30- The first U.S. export of Alaskan crude to South Korea in more than a decade set sail at the weekend, according to a company source and shipping data, marking another milestone as booming shale oil output forces domestic drillers to seek new customers.

  • TOKYO, Sept 30- Brent crude futures edged back down towards $97 a barrel on Tuesday because of ample supplies, a lacklustre global economy and the strengthening of the dollar to a four-year peak against a basket of major currencies. London Brent for November delivery was trading 9 cents lower at $97.11 a barrel by 0248 GMT, after rising 20 cents on Monday.

  • *1st export of Alaskan crude to South Korea in more than a decade. NEW YORK/ SEOUL, Sept 30- The first U.S. export of Alaskan crude to South Korea in more than a decade set sail at the weekend, according to a company source and shipping data, marking another milestone as booming shale oil output forces domestic drillers to seek new customers.

  • U.S. crude falls towards $94, set for monthly loss Monday, 29 Sep 2014 | 8:31 PM ET

    TOKYO, Sept 30- U.S. oil futures dropped towards $94 a barrel on Tuesday, easing after gaining more than $2 in the past two sessions on strong U.S. economic data.

  • BUDAPEST, Sept 29- Hungarian oil group MOL is reasonably confident that its crude supplies from Russia will not be disrupted by the Ukraine conflict because its Russian partners are reputable companies, the head of its downstream business said.

  • NEW YORK, Sept 29- U.S. crude oil rose on Monday, hovering around $94 a barrel on support from strong U.S. economic data last week, while Brent edged up after nearing a two-year low last week. "I think demand by U.S. refiners to make product to export is definitely supporting WTI prices," said Gene McGillian, an analyst at Tradition Energy in Stamford, Connecticut.

  • LONDON, Sept 29- Brent crude oil fell below $97 a barrel on Monday, moving closer to a two-year low hit last week as weak data from major buyer China and a stronger U.S. dollar added to pressure from strong supplies. Brent for November delivery fell 61 cents to $96.39 a barrel by 0757 GMT.

  • TOKYO, Sept 29- Brent crude oil fell below $97 a barrel in Asian trade on Monday, moving closer to a two-year low hit last week due to weak data from major buyer China and a stronger U.S. dollar. The London benchmark has fallen from $115 in June as geopolitical tension in the Middle East has failed to derail petroleum output, while concerns about slow demand have grown.

  • TOKYO, Sept 29- Brent crude oil fell below $97 a barrel in Asian trade on Monday, moving closer to a two-year low hit last week due to weak data from major buyer China and a stronger U.S. dollar. The London benchmark has fallen from $115 in June as geopolitical tension in the Middle East has failed to derail petroleum output and concerns about slow demand have grown.

  • TOKYO, Sept 29- Brent crude oil fell below $97 a barrel in Asian trade on Monday, moving closer to a two-year low hit last week due to weak data from major buyer China and a stronger U.S. dollar. The London benchmark has fallen from $115 in June as geopolitical tension in the Middle East has failed to derail petroleum output and concerns about slow demand have grown.

  • *U.S. crude for November delivery had fallen 57 cents to $92.97 a barrel by 0007 GMT, after finishing $1.01 higher on Friday on the back of strong U.S. economic data.

  • CAIRO, Sept 28- Egypt plans to invest $14.5 billion in developing its refining and petrochemicals sectors over the next five years, its oil minister said, as part of efforts to overcome an energy crisis that has led to near-daily power cuts and hit company profits.

  • EGYPT PLANS TO INVEST $14.5 BLN IN OIL REFINERY, PETROCHEMICALS OVER FIVE YEARS- OIL MINISTER.

  • Report: Energy firms' other kind of rigging—wages Saturday, 27 Sep 2014 | 9:46 AM ET

    Oil and gas firms are "routinely" underpaying their workers, according to an investigation from ProPublica.

  • DUBAI/ LONDON, Sept 26- Iran on Friday urged OPEC members to make joint efforts to keep oil prices from falling further, highlighting a split with other members such as Saudi Arabia who face lower budget pressures despite a slide in prices towards $95 a barrel.

  • *Libya's oil output increases to 925,000 bpd. LONDON, Sept 26- Brent crude slipped below $97 a barrel on Friday and headed for a third straight month of declines as rising supplies outweighed fears that U.S.-led strikes against Islamist militants in Syria and Iraq could disrupt oil production.

  • *Libya's oil output increases to 925,000 bpd. LONDON, Sept 26- Brent crude held near $97 a barrel on Friday but headed for its biggest monthly drop since April 2013 as rising supplies outweighed fears that U.S.-led strikes against Islamist militants in Syria and Iraq would disrupt oil production.