*Sale of assets including stake in Greece's main utility halted. *Greek minister says Athens against sanctions on Russia. It said it would halt the sale of stakes in the Public Power Corporation of Greece, Greece's biggest utility, and refiner Hellenic Petroleum and put other planned asset sales of motorways, airports and the power grid on ice.» Read More
WASHINGTON/ SEOUL, Sept 1- Washington is facing growing international pressure to ease its long standing ban on crude oil exports, with South Korea and Mexico joining the European Union in pressing the case for U.S. oil shipments overseas.
India's Reliance Industries plans to invest about $13 billion in energy projects, including a 400,000 barrels per day crude refinery.
NEW YORK, Aug 29- Crude oil prices posted their second straight monthly losses, despite rising on Friday on worries that the intensifying Ukraine crisis may trigger more sanctions and as U.S. economic data portended strong demand in the world's largest oil consumer.
NEW YORK, Aug 29- Crude oil prices posted their second straight monthly losses, despite rising on Friday on worries that the intensifying Ukraine crisis may bring more sanctions and as U.S. data portended strong demand in the world's largest oil consumer.
NEW DELHI, Aug 29- India's Reliance Industries Ltd plans to invest about $13 billion in energy projects, including a 400,000 barrels per day crude refinery at its Jamnagar complex, documents seen by Reuters show. The refinery would process cheap, heavy crudes that are increasingly available to Asia as the shale boom has cut U.S. demand for the grades.
*Fire hits BP's largest U.S. refinery, at Whiting, Indiana. *Hope fades for Ukraine- Russia ceasefire deal. "There's better demand here in the U.S. than versus Europe," said Phil Flynn, an analyst with the Price Futures Group in Chicago, Illinois.
*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.
*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.
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 said its largest U.S. refinery, at Whiting, Indiana, continued to operate on Thursday morning following a blaze the night before.
*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.
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.