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Oil and Gas Refining

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  • *EU threatens new sanctions on Russia. The European Union threatened Russia with harsher sanctions over Ukraine, while Israel pounded targets across the Gaza Strip with no ceasefire in sight. Brent crude for September delivery fell 11 cents to $107.22 a barrel by 0603 GMT, after slipping 35 cents in the previous session.

  • Brent holds steady above $107; U.S. oil stocks in focus Wednesday, 23 Jul 2014 | 12:33 AM ET

    EU threatens new sanctions on Russia. The European Union threatened Russia with harsher sanctions over Ukraine, while Israel pounded targets across the Gaza Strip with no ceasefire in sight. Brent crude for September delivery fell 6 cents to $107.27 a barrel by 0333 GMT, after slipping 35 cents in the previous session.

  • CALGARY, Alberta, July 22- Canada's largest pipeline company Enbridge Inc may build a 140,000 barrel per day unit train unloading terminal in Pontiac, Illinois, to relieve congestion on its crude oil export network.

  • UPDATE 8-Oil slips as supplies flow despite conflicts Tuesday, 22 Jul 2014 | 4:09 PM ET

    NEW YORK, July 22- Brent and U.S. crude settled lower after a choppy trading session on Tuesday as oil supplies remained unaffected by continuing violence in Iraq, Ukraine and Gaza. The European Union threatened Russia on Tuesday with harsher sanctions over Ukraine that could inflict wider damage on its economy following the downing of a Malaysian airliner.

  • NEW YORK, July 22- Brent and U.S. crude edged lower in choppy trading on Tuesday as oil supplies remained unaffected by continuing violence in Iraq, Ukraine and Gaza.

  • NEW YORK, July 22 (Reuters)- Brent crude oil futures edged higher in choppy trading on Tuesday, as traders searched for direction amidst political tensions in Ukraine and Gaza, and U.S. prices were supported by expectations of a drop in national stockpiles.

  • The city of 25,000, known for its scenic lighthouses and sweeping views of the island-speckled waters of Casco Bay, is also the east coast's second largest oil port, located at the southern terminus of the Portland-Montreal Pipeline, which currently flows north to Canada.

  • LONDON, July 22- Brent crude oil rose above $108 a barrel on Tuesday, boosted by escalating political tensions over Ukraine and a fall in Libyan output, while U.S. prices were supported by expectations of a drop in national stockpiles.

  • UPDATE 4-Oil rises above $108 on Ukraine, Gaza crisis Tuesday, 22 Jul 2014 | 6:48 AM ET

    *Fighting in Ukraine, Gaza adds to oil risk premium. LONDON, July 22- Brent crude oil rose above $108 a barrel on Tuesday, boosted by escalating political tensions over Ukraine and fighting in Gaza, while U.S. prices were supported by expectations of a drop in national stockpiles.

  • *Fighting in Ukraine, Gaza adds to oil risk premium. LONDON, July 22- Brent crude steadied around $108 a barrel on Tuesday, supported by expectations of large draws in U.S. oil stockpiles and escalating geopolitical tension over Ukraine causing European foreign ministers to consider further sanctions on Russia.

  • *U.S. accuses Russia of complicity in shooting down flight MH17. NEW YORK, July 21- Oil prices rose on Monday as the threat of escalating tension between Russia and the West over the crisis in Ukraine mounted, while August U.S. crude zoomed higher prior to its expiry.

  • U.S. accuses Russia of complicity in shooting down flight MH17. *New European sanctions on Russia may heighten oil risk premium. NEW YORK, July 21- Oil prices rose on Monday as the threat of escalating tension between Russia and the West mounted, while August U.S. crude zoomed higher prior to its expiry.

  • *U.S. accuses Russia of complicity in shooting down flight MH17. *New European sanctions on Russia may heighten oil risk premium. NEW YORK, July 21- Oil prices rose on Monday as the threat grew of escalating tension between Russia and the West, while August U.S. crude zoomed higher prior to its expiry.

  • July 21- Delta Air Lines Inc, trying to boost savings on manufacturing of jet fuel, said on Monday it reached a five-year agreement with a Dallas energy company for 65,000 daily barrels of U.S. crude oil to be supplied to its Pennsylvania refinery.

  • HOUSTON, July 21- California refiners remain far behind peers elsewhere in the country in replacing expensive imports with cheaper North American crudes from a new production boom. More than half of the 1.7 million barrels of crude processed by California refineries each day is imported, largely from Saudi Arabia, Ecuador, Iraq and Colombia.

  • VANCOUVER, Washington, July 21- California's chance to keep a lid on some of the nation's highest gas prices and join in the spoils of a domestic oil production boom is threatened by quickly growing opposition to a rail terminal in Washington state.

  • *Gross refining margin $8.7/ bbl in Q1 from $8.4/ bbl yr ago. MUMBAI, July 19- Indian energy conglomerate Reliance Industries Ltd's quarterly net profit topped market expectations, bolstered by strong revenue growth in its oil and gas business and higher margins in its core refining business.

  • LONDON, July 18- The world's top trading houses appear to be quickly turning into commodity finance banks, by lending billions of dollars to clients as a decades-long dominance of French banks shrinks.

  • Are Swiss trading houses turning into banks? Not quite Thursday, 17 Jul 2014 | 9:55 AM ET

    LONDON, July 17- The world's top trading houses appear to be quickly turning into commodity finance banks, by lending billions of dollars to clients as a decades-long dominance of French banks shrinks.

  • FACTBOX-Rosneft's key international projects Thursday, 17 Jul 2014 | 8:56 AM ET

    -BP obtained a 19.75 percent stake in the Kremlin-controlled company as part of a deal that saw the British firm sell Rosneft its stake in the Anglo-Russian oil producer TNK-BP for $55 billion last year. BP's head Robert Dudley, a U.S. citizen, sits on Rosneft's board.