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Oil and Gas Refining

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  • *Receding worries about supply from Iraq drag on prices. SINGAPORE, June 27- Brent crude steadied above $113 a barrel on Friday, holding on to most of previous session's losses and heading for the biggest weekly loss since March as investors unwound positions on reduced concerns over exports from strife-torn Iraq.

  • *Receding worries about supply from Iraq drag on prices. SINGAPORE, June 27- Brent crude steadied above $113 a barrel on Friday, holding on to most of previous session's losses and heading for the biggest weekly loss since March as investors unwound their positions on reduced concerns over exports from strife-torn Iraq.

  • *Iraq's southern oilfields remain safe- U.N. envoy. NEW YORK, June 26- Crude oil on both sides of the Atlantic fell on Thursday as fears eased over export disruptions from war-ravaged Iraq, allowing market participants to take some profit off the table. Iraq is OPEC's second-largest producer.

  • *Iraq's southern oilfields remained safe- U.N. envoy. NEW YORK, June 26- U.S. crude lost over a dollar and Brent slipped on Thursday as fears eased over export disruptions from war-ravaged Iraq, OPEC's second-largest producer.

  • S.Africa refinery, petroleum workers sign wage deal Thursday, 26 Jun 2014 | 12:13 PM ET

    JOHANNESBURG, June 26- Around 10,000 South African workers at the country's refineries and petrol distributors have agreed to a two-year wage deal, a rare positive development in labour relations in the strike-hit economy.

  • LONDON, June 26- The U.S. Commerce Department's decision to allow two companies to begin exporting ultra-light condensate after only minimal refining marks the beginning of the end of the ban on American crude oil exports. The Commerce Department and the White House insist there has been "no change in policy on crude oil exports".

  • *Iraq's southern oilfields remain safe- U.N. envoy. LONDON, June 26- Brent crude oil fell on Thursday, as fears over conflict causing export disruption from Iraq, OPEC's second-largest producer, eased further.

  • *Iraq's southern oilfields remain safe- U.N. envoy. LONDON, June 26- Brent crude oil fell on Thursday, as fears about conflict causing export disruption from Iraq, OPEC's second-largest producer, subsided further.

  • LONDON, June 26- Brent crude oil held steady near $114 a barrel on Thursday, with traders watching developments in Iraq for the possibility of export disruption from OPEC's second-largest producer.

  • SINGAPORE June 26- Brent crude dropped under $114 a barrel on Thursday as most of Iraq's oil output remained unaffected by the militant insurgency in the country, although worries over the conflict kept a floor under prices.

  • SINGAPORE June 26- Brent crude fell below $114 a barrel on Thursday as most of Iraq's oil output remained unaffected by the militant insurgency in the country, although worries over the conflict kept a floor under prices.

  • *White House says policy has not changed. The U.S. Department of Commerce's Bureau of Industry and Security told Pioneer Natural Resources and Enterprise Product Partners on Tuesday that removing volatile components from condensate, the light oil, was enough to qualify the petroleum as a "refined product."

  • SINGAPORE June 26- U.S. crude futures edged up towards $107 a barrel in early Asian trade on optimism over U.S. oil exports after Washington approved exports of lightly refined oil, although gains were capped by an unexpected rise in crude inventories.

  • The Commerce Department's action could unleash as much as $6 billion a year of condensate onto the global market, analysts say.

  • The U.S. Department of Commerce's Bureau of Industry and Security told Pioneer Natural Resources and Enterprise Product Partners on Tuesday that removing highly flammable gases from light oil, known as condensate, was sufficient processing to qualify the condensate as a "refined product."

  • The U.S. Department of Commerce's Bureau of Industry and Security told Pioneer Natural Resources Co that lightly processed condensate would be eligible for export without a license.

  • *Risk of Iraq supply disruptions receding- analyst. LONDON, June 25- Brent crude oil slipped more than $1 towards $113 a barrel on Wednesday as fears of supply disruption in Iraq receded, and as weaker-than-forecast economic data from the United States dented the prospects for demand growth.

  • Risk of Iraq supply disruptions receding- analyst. LONDON, June 25- Brent crude oil slipped below $114 a barrel on Wednesday as fears of supply disruption in Iraq receded and after a rise in U.S. inventories pointed to ample stockpiles for the world's biggest oil consumer.

  • *Risk of Iraq supply disruptions receding- analyst. LONDON, June 25- Brent crude slipped below $114 a barrel on Wednesday as the risk of supply disruption in Iraq appeared to recede and after a rise in U.S. inventories pointed to ample stockpiles for the world's biggest oil consumer.

  • *Threat of Iraq supply disruptions receding- analyst. SINGAPORE, June 25- Brent crude dropped under $114 a barrel on Wednesday after sharp gains in the past two weeks, although lingering worries that continued violence in Iraq would dent supplies from OPEC's second-largest producer kept a floor under prices.