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Oil and Gas Refining

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  • *Klesch buys Milford Haven refinery from Murphy Oil. LONDON, July 31- U.S. entrepreneur Gary Klesch is buying the Milford Haven oil refinery on the coast of Wales, safeguarding around 450 jobs and betting an ailing European refining industry can only move up.

  • CRUDE OIL PLUNGES ON EXTENDED COFFEYVILLE, KANSAS REFINERY OUTAGE.

  • LONDON, July 31- Britain imported more oil products than it exported last year for the first time in 30 years, an official report shows, and analysts say the country is likely to stay dependent on overseas oil as its refineries close.

  • July 31- Marathon Petroleum Corp, the third-largest standalone U.S. refining company, said its quarterly profit rose 44 percent, helped by higher crude refining margins on the Gulf of Mexico coast.

  • OPEC oil output rises in July on fragile Libyan rebound Wednesday, 30 Jul 2014 | 8:08 AM ET

    That could hinder OPEC's ability to boost output later in the year, when the International Energy Agency expects demand for OPEC crude to rise. Outages in the group, such as in Iraq and Libya, are effectively helping OPEC to balance the market, rather than voluntary cutbacks, say analysts.

  • Valero second-quarter profit rises Wednesday, 30 Jul 2014 | 7:57 AM ET

    July 30- Valero Energy Corp, the largest U.S. independent refiner, on Wednesday reported an increase in quarterly profit as the company processed higher volumes of crude oil. San Antonio- based Valero said second-quarter profit rose to $651 million, or $1.22 per share, from $463 million, or 84 cents, in the same period a year earlier.

  • July 30- Cenovus Energy Inc, Canada's No.2 independent oil producer, said its second-quarter profit more than tripled, helped by increased production at its Christina Lake oil sands project in northern Alberta.

  • UPDATE 3-Brent steady around $108 in range-bound market Wednesday, 30 Jul 2014 | 4:40 AM ET

    *U.S., EU impose more sanctions on Russia over Ukraine. *Libya says oil output stays at 500,000 bpd despite unrest. The European Union and the United States imposed further sanctions against Russia on Tuesday, targeting its energy banking and defense sectors in the strongest international action yet over Moscow's support for rebels in Ukraine.

  • UPDATE 2-Brent hovers near $107.50; U.S. data, Fed eyed Wednesday, 30 Jul 2014 | 3:14 AM ET

    *U.S., EU impose more sanctions on Russia over Ukraine. The focus is now on Russia and how President Vladimir Putin will react to further sanctions imposed by the European Union and the United States.

  • UPDATE 1-Brent hovers near $107.50 ahead of U.S. data Wednesday, 30 Jul 2014 | 1:15 AM ET

    *U.S., EU impose more sanctions on Russia over Ukraine. *Libya says oil output stays at 500,000 bpd. Geopolitical tensions in the Middle East, Africa and Europe continued to underpin prices, although so far there has been no major disruption to oil supplies.

  • Brent hovers near $107.50 ahead of U.S. data Tuesday, 29 Jul 2014 | 11:43 PM ET

    *U.S., EU impose more sanctions on Russia over Ukraine. *Libya says oil output stays at 500,000 bpd. Geopolitical tensions in the Middle East, Africa and Europe continued to underpin prices, although so far there has been no major disruption to oil supplies.

  • TOKYO, July 30- U.S. crude oil futures regained some of the previous day's losses to trade above $101 early on Wednesday, after industry data showed U.S. petroleum stockpiles fell much more sharply than expected. *U.S. crude futures for September delivery rose 8 cents to $101.05 a barrel by 0000 GMT, after finishing 70 cents lower on Tuesday.

  • *EU reaches deal on Russia sanctions, prompts short rally. NEW YORK, July 29- Brent crude ended slightly higher on Tuesday as new sanctions on Russia looked set to worsen relations between Moscow and the West, while U.S. prices slipped after a Kansas refinery fire curbed demand for WTI crude.

  • July 29- CVR Refining's 115,000- barrel-per-day refinery in Coffeyville, Kansas, was shut on Tuesday after a fire broke out at a unit that upgrades gasoline, injuring four employees.

  • *EU reaches deal on Russia sanctions, prompts short rally. Brent futures pared losses after news that European Union governments agreed on Tuesday to impose additional economic sanctions on Russia.

  • July 29- Four employees were hurt in a fire at CVR Refining's 115,000- barrel-per-day refinery in Coffeyville, Kansas, after a fire broke out at an isomerization unit early on Tuesday, the company said in a statement.

  • LONDON, July 29- Somewhere in an office at the Bureau of Industry and Security in Washington, D.C., a mid-ranking government official is sitting down with a stack of dictionaries.

  • July 29- CVR Refining shut its 115,000- barrel-per-day Coffeyville refinery in Kansas after a fire broke out at an isomerization unit early on Tuesday, hurting four employees, the company said in a statement. Coffeyville police and fire officials were not immediately available for comment.

  • July 29- A fire at CVR Energy Inc's Coffeyville, Kansas refinery, early Tuesday forced the shutdown of all monitored units at the facility, energy industry intelligence service Genscape said. A company spokesman and officials from Coffeyville police and fire departments were not immediately available for comment.

  • July 29- A fire at CVR Energy Inc's Coffeyville, Kansas refinery, early Tuesday forced the shutdown of all monitored units at the facility, energy industry intelligence service Genscape said. A company spokesman and officials from Coffeyville police and fire departments were not immediately available for comment.