LIMA, Dec 7- Peru's state oil company would be allowed to privatize up to 49 percent of Petroperu through share offerings on the local stock market under a bill soon to be submitted to Congress, a top official said on Saturday.» Read More
*North Sea restart, Iran comments ease supply concern. NEW YORK, Aug 7- Oil slid for a fourth straight session on Wednesday, driven lower by an expected increase in North Sea crude output next month and by worries about how soon the Federal Reserve will end its U.S. economic stimulus.
The U.S. is now the largest exporter of petroleum products. CNBC's Jackie DeAngelis reports on the growing demand for refined energy.
CNBC's Jackie DeAngelis takes a look at American companies looking to cash in on increased demand for refined products.
The important part was this genuine acknowledgement here that the RFS2 mandate system really has a significant problem and that problem will become really exacerbated in 2014, " Philip Rinaldi, CEO of Philadelphia Energy Solutions, the largest refiner on the populous U.S. East Coast, said in an interview.
*Iran's leader reaches out to U.S., vows to resolve nuclear row. SINGAPORE, Aug 7- Brent crude futures slipped on Wednesday towards $108, dropping for a fourth straight day, as supply worries eased and on caution ahead of data from China and the United States, the world's two top oil consumers.
SINGAPORE, Aug 7- U.S. crude futures rose in early Asian trade on Wednesday on hopes of a revival in demand growth in the United States, the world's largest oil consumer, following a steeper-than-expected drawdown in stocks. U.S. oil gained 15 cents to $105.45 a barrel by 0024 GMT, after settling $1.26 lower at $105.30 and hitting an intrasession low of $104.86.
WASHINGTON, Aug 6- The Obama administration said on Tuesday it would lower the target for how much renewable fuel, such as corn-based ethanol, would needed to be blended into gasoline in the United States in 2014, a move that could give oil refiners some relief on compliance costs.
*Gasoline exports from Russia up 32 percent in Jan-June. MOSCOW, Aug 6- A dive in the Russian rouble has propelled record volumes of gasoline to better-paying export markets in recent months, prompting the government to consider restricting shipments in an effort to avoid a repeat of protests seen two years ago.
*Copper imports still driven by financing demand. SHANGHAI, Aug 6- China's imports of crude oil and iron ore are expected to have risen in July, rebounding from multi-month lows hit in June, after a mild pick up in manufacturing activity in the world's second-biggest economy.
The planned 2,700 mile pipeline, which will bring crude from Canada's energy capital of Alberta to refineries and ports on the East Coast, has the potential to upturn the dynamics of the North Atlantic oil trade squeezing out some imported crude to North America and revitalizing once-ailing refineries.
OTTAWA, Aug 2- Canadian Prime Minister Stephen Harper contradicted on Friday U.S. Asked about remarks made by Obama in an interview with the New York Times last Saturday and then repeated this week in a speech, Harper told reporters in Quebec City that Canada's perspective was well-known by everyone in Washington.
Aug 2- Chevron Corp posted a larger-than-expected decline in quarterly profit on Friday as a fall in oil prices knocked oil and gas production earnings and its U.S. refining unit slowly recovered from a refinery fire a year ago. Second-quarter net income fell 26 percent to $5.37 billion, or $2.77 per share, from $7.21 billion, or $3.66 per share, a year earlier.
LONDON/ HOUSTON, Aug 1- Some of the western world's top oil companies abandoned output targets and missed profit forecasts on Thursday as they promised to clamp down on rising costs that hurt quarterly results. That's not a good combination, "said Brian Youngberg, an oil analyst with Edward Jones in St Louis.
CALGARY, Alberta, Aug 1- Irving Oil and TransCanada Corp said on Thursday they will build a $300 million marine terminal at Canaport in St. John, New Brunswick, to enable Canadian producers to export oil sands crude to world markets.
Aug 1- TransCanada Corp on Thursday said it would move ahead with a $12 billion oil pipeline to ship Western Canada's oil sands crude to refiners on its east coast and beyond, scaling up the project as its U.S.-bound Keystone XL line stalls in Washington.
Aug 1- Exxon Mobil Corp on Thursday reported a sharp fall in quarterly profit on lower oil and gas output production and weaker earnings from its refining business. " The world's largest publicly traded oil company reported profit at $6.9 billion, or $1.55 per share, down 57 percent from $15.9 billion, or $3.41 per share in the same period a year earlier.
Aug 1- Exxon Mobil Corp on Thursday reported a lower-than-expected decline in second-quarter profit as oil and gas output dropped and earnings for its refining business fell. The Irving, Texas company's profit was $6.9 billion, or $1.55 per share, down 57 percent from $15.9 billion or $3.41 per share in the same period a year earlier.
Aug 1- TransCanada Corp gave the green light to building a $12 billion oil pipeline to ship Canada's Western oil sands crude to refiners on its east coast and beyond, scaling up the project as its U.S.-bound Keystone XL line remains stalled in Washington.
Jason Gammel, head of European oil and gas research at Macquarie Securities, says Exxon results will be below expectations as the company's oil production fails to grow.
WASHINGTON, July 31- President Barack Obama's recent comments on the Keystone XL oil pipeline, downplaying jobs that would be created, jeopardize the project by adding to its uncertainty, Republican lawmakers said in a letter to the president on Wednesday.