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Oil and Gas Refining

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  • NYMEX-U.S. crude extends gains on crude inventory drop Wednesday, 16 Jul 2014 | 8:32 PM ET

    SEOUL, July 17- U.S. crude futures extended gains in early Asian trade on Thursday after rallying more than $1 in the previous session, supported by government data showing a sharper fall in U.S. crude stocks than forecast. *U.S. crude for August delivery gained 30 cents to $101.50 a barrel as of 0007 GMT.

  • NEW YORK, July 16- U.S. crude oil rose more than $1 on Wednesday, rebounding from recent steep drops after government data showed the country's crude stockpiles fell sharply last week.

  • BEIJING, July 16- China's implied oil demand rose in June to its highest level since January 2013 as crude runs hit a record high, although there were still doubts that the numbers reflected a healthy economy.

  • WASHINGTON, July 15- The U.S. refining industry has not agreed to a deal reached by oil producers and railroads on improving the safety of oil tank cars, it said on Tuesday, suggesting a key piece of anticipated reforms remains unsettled.

  • NEW YORK, July 14- A $6 billion takeover to create the biggest oil producer in the Bakken shale may also open up new opportunities for some big traders who ship oil from North Dakota and Montana to market.

  • LONDON, July 14- Brent crude oil steadied around $107 a barrel on Monday, close to its lowest in three-months after weeks of heavy falls on signs of improving supply from key producers and weak demand in some consuming centers.

  • LONDON, July 14- Brent crude oil slipped towards $106 a barrel on Monday, its lowest for three months, depressed by signs of improving supply from key producers and weak demand in some consuming centres.

  • LONDON, July 11- Global oil demand growth will accelerate next year as the world economy expands and will again be met by rising supplies from the United States and Canada, further eroding OPEC's market share, the West's energy watchdog said on Friday.

  • LONDON, July 11- Oil headed for its third straight weekly loss on Friday as worries about supply losses in the Middle East and North Africa eased, pushing North Sea Brent crude down towards $108 a barrel.

  • LONDON, July 11- Global oil demand growth will accelerate next year as the world economy expands and will again be met by rising supplies from the United States and Canada, further eroding OPEC's market share, the West's energy watchdog said on Friday.

  • TOKYO, July 10- U.S. crude oil fell below $102 on Thursday, to trade at its lowest level in more than a month, on wavering demand for gasoline and projections for rising supplies from OPEC member Libya. *U.S. crude futures for August delivery fell 32 cents to $101.97 a barrel by 0002 GMT, after earlier trading as low as $101.72- the lowest level since June 5.

  • DUBAI, July 9- Saudi Arabia produced 9.780 million barrels per day of crude oil in June, up from 9.705 million bpd in May, an industry source familiar with the matter said on Wednesday. The world's largest oil exporter and OPEC heavyweight supplied 9.745 million bpd to the market, the source said.

  • *Libya reaches deal with rebels to reopen oil ports. LONDON, July 3- Brent crude futures fell below $111 a barrel on Thursday as supply fears began to ease after Libya declared an end to an oil crisis that has slashed exports from the OPEC member. The question now is how long it will take for flows to come out, "said Ole Hansen, senior commodity strategist at Saxo Bank.

  • *Libya deal with rebels may make 500,000 bpd available for exports. SINGAPORE, July 3- Brent futures dipped below $111 a barrel on Thursday as supply fears eased after Libya declared an end to an oil crisis that has cut exports from the OPEC member to a trickle, although declines will be capped by concerns over Iraq.

  • *Libya deal with rebels may make 500,000 bpd available for exports. SINGAPORE, July 3- Brent futures dipped towards $111 a barrel on Thursday as supply fears eased after Libya declared an end to an oil crisis that has cut exports from the OPEC member to a trickle, although declines will be capped by concerns over Iraq.

  • *Libya deal with rebels may make 500,000 bpd available for exports. SINGAPORE, July 3- Brent futures dipped below $111 a barrel on Thursday as supply fears eased after Libya declared an end to an oil crisis that has cut exports from the OPEC member to a trickle, although declines will be capped by concerns over Iraq.

  • WASHINGTON, July 2- Two senators on Wednesday asked the U.S. Commerce Department to explain why it approved exports of a form of super-light oil known as condensate, saying the action may have violated the decades-long ban on U.S. crude oil exports.

  • *But concerns over Iraq and Ukraine underpin prices. LONDON, July 1- Brent oil held above $112 per barrel on Tuesday as investors took heart from upbeat manufacturing data in China while ongoing tensions in Iraq and Ukraine underpinned supply concerns.

  • Philly Tankers AS, majority-owned by Aker Philadelphia Shipyard is building four ships on spec, and Seabulk Tankers Inc, an indirect wholly-owned subsidiary of SEACOR Holdings Inc, is building another two.

  • *OPEC oil output slips in June on Iraq, averages 29.93 mln bpd. *Iraq, Ukraine crises push up oil price forecasts.