GO
Loading...

Oil and Gas Refining

More

  • TRIPOLI, June 11- Libya's government, suffering from dwindling oil revenues, will allow its ministries to begin spending the $50 billion budget it submitted to parliament at the start of the year, even though lawmakers have not voted on it.

  • Supply tremors shake OPEC equilibrium Wednesday, 11 Jun 2014 | 10:38 AM ET

    *Iraq fears join Libya and Iran supply uncertainty. VIENNA, June 11- OPEC sailed through a brief, calm meeting on Wednesday- even as oil prices rose to $110 on barrel on concern renewed strife could hit Iraq's output and deepen a supply shortfall from chaotic Libya and sanctions-bound Iran.

  • *Iraq's Mosul falls to militants, U.S. says situation' extremely serious'. LONDON, June 11- Oil futures rose above $110 a barrel on Wednesday as violence in Iraq prompted worries about the supply outlook, while a fall in U.S. stockpiles of gasoline pointed to seasonally stronger demand.

  • *Iraq's Mosul falls to militants, U.S. says situation' extremely serious'. LONDON, June 11- Oil futures rose to $110 a barrel on Wednesday as violence in Iraq prompted worries about the supply outlook, while a fall in U.S. stockpiles of gasoline pointed to seasonally stronger demand.

  • *Apart from China, others to keep imports steady at first four months level. BEIJING/ TOKYO, June 11- China is set to take more Iranian crude than it did before tough sanctions were put in place in early 2012, as Asia's biggest refiner Sinopec Corp buys more oil from the Middle East nation, sources with direct knowledge of China's buying strategy said.

  • SINGAPORE, June 11- U.S. crude futures were little changed in early Asian trade on Wednesday as industry data showing a surprise fall in the U.S. gasoline stockpile pointed to a healthy summer driving season demand, overshadowing a gain in crude inventories.

  • US approves BP drone surveys of Alaskan oilfields Tuesday, 10 Jun 2014 | 11:04 AM ET

    BP will use unmanned aircraft systems to conduct aerial surveys of Alaska's North Slope.

  • LAUNCESTON, Australia, June 10- Even though China's net exports of refined fuels were small in May, the impact on Asian product markets is becoming larger and likely to be sustained in coming months. China exported a net 410,000 tonnes of refined products in May, equivalent to about 96,548 barrels per day, according to customs data released June 8.

  • *China's commodity imports fall in May on high stocks, tighter credit. NEW YORK, June 9- Brent crude rose on Monday, gaining over $1 to surpass $110 a barrel for the first time in June, while U.S. crude rose by nearly $2, as strong Chinese and U.S. data pointed to healthy economic growth and higher demand for oil from the world's top two consumers.

  • Libya arrives for OPEC with exports at a trickle Monday, 9 Jun 2014 | 3:42 PM ET

    LONDON, June 9- Libya's attendance at Wednesday's OPEC meeting will be an oddity for historians of the oil exporters club- a member with virtually no oil for sale.

  • ANKARA/ LONDON, June 9- A second shipment of Iraqi Kurdish crude has sailed from the Turkish port of Ceyhan, industry and government sources said, increasing the stakes in a battle with Baghdad over control of oil sales from the autonomous region. Baghdad was in the process informing the United Nations about Ankara's role in the shipment, he added.

  • *China's commodity imports fall in May on high stocks, tighter credit. Brent was up 50 cents at $109.11 by 0825 GMT, after settling down 18 cents and declining 0.7 percent last week. U.S. oil rose 50 cents to $103.16, extending gains after ending 18 cents up on Friday.

  • *China's May exports gain steam but imports fall unexpectedly. *China's commodities imports fall in May on high stocks, tighter credit. Yet further gains in oil were capped, as China's crude imports in May fell 9.4 percent from the month before.

  • *China's May exports gain steam but imports fall unexpectedly. *China's commodities imports fall in May on high stocks, tighter credit. Yet further gains in oil were capped, as China's crude imports in May fell 9.4 percent from a month ago.

  • TRIPOLI, June 8- Libya is still able to supply its 120,000- bpd Zawiya refinery without drawing on oil from two offshore fields, an oil ministry official said on Sunday.

  • SHANGHAI, June 8- China's imports of major commodities fell in May from the previous month, official customs data showed on Sunday, as companies scaled back on orders after robust shipments in the previous months caused a supply overhang. High stocks and a poor import arbitrage also kept buyers away, "said Lian Zheng, a base metals analyst at Xinhu Futures.

  • SHANGHAI, June 8- China's imports of major commodities fell in May from the previous month, customs data showed on Sunday, as companies scaled back on orders after robust shipments in the previous months caused a supply overhang. China, the world's largest energy consumer, imported 26.08 million tonnes, or 6.14 million barrels per day of crude oil in May.

  • TRIPOLI, June 6- Libya has lost $30 billion due to 10 months of protests at oilfields and export terminals but has sufficient foreign currency reserves to keep the country running, a central bank official said.

  • *Oil set for 2nd weekly drop on easing Ukraine tension, ample supply. SINGAPORE, June 6- Brent nudged higher to hover just under $109 a barrel on Friday, but was set to post a second straight weekly fall on easing Ukraine tensions and ample supply.

  • Brent steady under $109, set for 2nd weekly loss Thursday, 5 Jun 2014 | 11:51 PM ET

    *Oil set for 2nd weekly drop on easing Ukraine tension, ample supply. SINGAPORE, June 6- Brent nudged higher to hover just under $109 a barrel on Friday, but was set to post a second straight weekly fall on easing Ukraine tensions and ample supply.