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Oil and Gas Refining

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  • *Worries over risks to Iraq supply ease, traders say. *Libya loads 600,000- bbl tanker for Italy. NEW YORK, June 27- Brent crude oil was little changed in choppy trading on Friday as investors moved to square positions following one of the international benchmark's biggest weekly falls this year due to reduced concerns over exports from strife-torn Iraq.

  • *Worries over risks to Iraq supply ease, traders say. *Libya loads 600,000- bbl tanker for Italy. NEW YORK, June 27- Brent crude oil was little changed in choppy trading on Friday as investors moved to square positions after Brent posted one of its biggest weekly falls this year due to reduced concerns over exports from strife-torn Iraq.

  • KHABAROVSK/ MOSCOW, Russia, June 27- Rosneft signed on Friday its second major agreement with BP since sanctions were imposed on the Russian oil company's chief executive, a close ally of President Vladimir Putin, over Russia's involvement in the Ukraine crisis.

  • LONDON, June 27- Brent crude oil steadied around $113 a barrel on Friday, consolidating after one of its biggest weekly falls this year 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 fell below $113 a barrel on Friday, on track for its biggest weekly loss since January 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 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."