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Oil and Gas Refining

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  • MEXICO CITY, Aug 8- Two workers died after being overcome by a burst of flames in an accident that also injured 11 at a refinery in northern Mexico, state-run oil company Pemex said on Friday.

  • RIO DE JANEIRO, Aug 8- Profit at Brazilian state-run oil company Petrobras slumped 20 percent in the second quarter from a year earlier, the company said on Friday, as rising fuel imports, debt costs and operating expenses offset higher output and prices.

  • LONDON, Aug 8- Oil companies in Iraqi Kurdistan withdrew more staff on Friday as the United States launched airstrikes to defend the regional capital Arbil from Islamic State militants and Britain told its citizens to leave. London- listed Afren and Toronto- listed Oryx said on Friday they were cutting production at oilfields closest to the fighting.

  • WASHINGTON, Aug 7- The United States should lift its nearly four-decade ban on crude oil exports to help encourage domestic production, the Washington Post said in an editorial on Thursday. Booming shale oil production has led to an intense debate over the moratorium, which was imposed by Congress in 1975 in the wake of the Arab oil embargo.

  • UPDATE 2-Brent steady below $105 amid global oil glut Thursday, 7 Aug 2014 | 3:31 AM ET

    *NATO says Russia massed 20,000 combat-ready troops on Ukraine border. NATO said Russia had massed large amounts of troops on Ukraine's border and could use the pretext of a humanitarian mission to invade.

  • *NATO says Russia massed 20,000 combat-ready troops on Ukraine border. SINGAPORE, Aug 7- Brent crude climbed towards $105 a barrel on Thursday, supported by a decline in U.S. oil inventories and an escalation of East-West tension over the conflict in Ukraine.

  • *NATO says Russia massed 20,000 combat-ready troops on Ukraine border. SINGAPORE, Aug 7- Brent crude rose from near four-month lows toward $105 a barrel on Thursday, supported by a decline in U.S. oil inventories and an escalation of East-West tension over the conflict in Ukraine.

  • NEW YORK, Aug 6- Brent crude oil edged up from a nine-month low on Wednesday amid concerns over the conflict in Ukraine, while ample supply in the United States pressured prices there.

  • The crude complex had a modest rebound in mid-morning trading, as the data showed a pick up in demand in the United States and underlying geopolitical concerns were supportive.

  • UPDATE 1-Russia-Iran oil pact: the deal without details Wednesday, 6 Aug 2014 | 12:04 PM ET

    MOSCOW, Aug 6- After eight months of talks, Russia and Iran have yet to agree concrete details of a large oil-for-food deal, highlighting the difficulties the two major energy producers face in overcoming sanctions from the West. On Tuesday, Russia puzzled markets when it first said the landmark deal had been agreed with Iran- but later withdrew the statement.

  • Aug 6- U.S. refiner HollyFrontier Corp reported a better-than-expected profit for the third quarter in a row and said it expects higher margins from turning crude oil into other fuels and asphalt in the current quarter. The operator of refineries in Kansas, Oklahoma, New Mexico, Wyoming and Utah has typically benefited from easy access to cheap U.S. shale crude.

  • LONDON, Aug 6- Brent crude oil rose above $105 a barrel on Wednesday, bouncing from its lowest close in nine months, after government data showed a drop in U.S. crude stocks last week.

  • Aug 6- EOG Resources Inc, which produces oil and natural gas in North Dakota and Texas, said on Wednesday that while it supports U.S. exports of crude oil, it believes the North American refining market can absorb the excess production from shale formations.

  • Aug 6- U.S. refiner HollyFrontier Corp reported a fall in profit for the second quarter as its refining margins slumped 28 percent after a runup in U.S. crude oil prices. HollyFrontier, which operates refineries in Kansas, Oklahoma, New Mexico, Wyoming and Utah, usually benefits from access to cheap U.S. shale crude.

  • MENE GRANDE, Venezuela, Aug 5- Venezuelan state oil company PDVSA will sell North American unit Citgo Petroleum if it receives a good offer, Petroleum Minister Rafael Ramirez told reporters on Tuesday in what would be its biggest pullback ever from the U.S. refining market.

  • NEW YORK, Aug 5- Oil prices tumbled on Tuesday, with Brent crude falling to a nine-month low as ample supplies in Europe and North America outweighed fears that violence in the Middle East and North Africa could disrupt production.

  • NEW YORK, Aug 5- Oil prices tumbled on Tuesday, with Brent crude falling to a nine-month low as ample supplies in Europe and North America outweighed fears that violence in the Middle East and North Africa could disrupt production.

  • NEW YORK, Aug 5- Oil prices tumbled on Tuesday, with Brent crude leading the decline as ample supplies in Europe and North America outweighed fears that turmoil in the Middle East and North Africa could disrupt production.

  • *Tensions in North Africa, Middle East offset ample supply. NEW YORK, Aug 5- Oil prices tumbled on Tuesday, with Brent crude leading the decline as ample supply in Europe and North America outweighed fears that turmoil in the Middle East and North Africa could disrupt production.

  • *Tensions in North Africa, Middle East offset ample supply. LONDON, Aug 5- Brent crude oil slipped below $105 a barrel on Tuesday as ample supply in the Atlantic basin outweighed worries that turmoil in the Middle East and North Africa could disrupt production.