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Oil and Gas Refining

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  • In January, the EPA agreed to reconsider the mandate, which would have required oil refiners to buy millions of dollars worth of credits if cellulosic fuels were not available to be blended into gasoline or diesel.

  • CALGARY/ VANCOUVER April 21- Six years after applying to build the Keystone XL pipeline, Canada's frustrated oil industry appears steadfast in its support of the plan even though Washington has again delayed a decision on whether to approve the politically charged project.

  • *Eyes on Ukraine peace deal, further sanctions on Russia. NEW YORK, April 21- Brent crude oil strengthened slightly while U.S. crude futures were briefly supported by positive economic data on Monday but prices were range-bound in low volumes following Easter Sunday with no significant escalation in tensions over Ukraine.

  • BRASILIA, April 20- Brazils President Dilma Rousseff must assume her share of responsibility for the controversial purchase of a refinery in Texas by Petroleo Brasileiro SA, the former chief executive of the state-run oil company said in an interview published on Sunday.

  • LONDON, April 17- Combined production of crude oil, gas and condensates in the United States is on course to a hit a record this year, passing the previous peak set in 1972.. The rise in output has confounded the famous forecast made by Shell geologist M King Hubbert who predicted that U.S. oil and gas production would peak in the 1970 s and then decline.

  • Iran oil exports fall for first time in five months Thursday, 17 Apr 2014 | 6:19 AM ET

    TOKYO/ SINGAPORE, April 17- Iran's crude oil exports fell for the first time in five months in March, and are slated to drop further in April, moving closer to the levels stipulated by November's temporary nuclear deal that eased some sanctions on Tehran.

  • India cuts Iran oil imports nearly a fifth in 2013/14 Thursday, 17 Apr 2014 | 1:54 AM ET

    *India's 2013/ 14 Iran imports at 222,000 bpd, down 16.5 pct- trade. The Geneva agreement struck between Iran and six world powers in November and implemented for six months from Jan. 20 eased some restriction on Tehran's oil trade in exchange for curbs to its nuclear programme.

  • LONDON, April 16- When U.S. firm ConocoPhillips spun off its refining assets in 2011 to focus on more profitable oil production, it seemed only a matter of time before one of the oil majors followed suit. Europe's oil refining guru, Marcel van Poecke, believes the move will be repeated one day. They say:' We can buy BP for upstream and Valero for downstream.

  • NEW YORK, April 14- Brent crude oil rose more than $1.50 on Monday as tensions escalated in Ukraine, while U.S. crude rose modestly after positive retail sales data signaled a rebound in the U.S. economy.

  • NEW YORK, April 14- Brent crude oil rose more $1.50 on Monday as Western powers considered tougher sanctions against Russia over its actions in Ukraine, while U.S. crude rose modestly after positive retail sales data signaled a rebound in the American economy.

  • NEW YORK, April 14- Brent crude oil rose $1 on Monday as Western powers considered tougher sanctions against Russia over its actions in Ukraine, while U.S. crude rose modestly after positive retail sales data signaled a rebound in the American economy.

  • LONDON, April 14- Oil rose towards $108 per barrel on Monday on concern that escalating tension between Russia and Ukraine could lead to supply disruption, though prices were capped by the prospect of a recovery in Libyan exports.

  • LONDON, April 14- Oil was flat on Monday, as the prospect of a recovery in Libyan exports offset concern that escalating tension between Russia and Ukraine could lead to supply disruption. U.S. oil slipped 24 cents to $103.50 after settling 34 cents up in the previous session.

  • TRIPOLI, April 13- Libya's western Zawiya oil port has resumed operations after protesters vacated the entrance to the facilities and the adjoining refinery will restart in about 24 hours, a spokesman for the state oil company said on Sunday.

  • RIO DE JANEIRO, April 11- The purchase of a Texas oil refinery by Brazil's state-run oil company has become a campaign issue as opponents of President Dilma Rousseff use it to attack her reputation as a no-nonsense manager and weaken her lead ahead of the October election.

  • LONDON, April 11- Brent oil futures dipped towards $107 a barrel on Friday following a weaker outlook for 2014 global demand growth from the International Energy Agency and due to expectations that more Libyan crude will reach the market next week. Brent crude was down 29 cents at $107.17 a barrel by 0927 GMT after settling 52 cents lower on Thursday.

  • *Libya's state National Oil Corp lifts force majeure for Hariga port. SINGAPORE, April 11- Brent futures eased towards $107 a barrel on Friday as the global supply outlook improved with more Libyan supplies expected to reach the market, although growing tension between the West and Russia over Ukraine put a floor under prices.

  • *OPEC cautious on economy, sees lower demand for its oil. SINGAPORE, April 11- Brent futures eased towards $107 a barrel on Friday as the global supply outlook improved with more Libyan supplies expected to reach the market, although growing tension between the West and Russia over Ukraine put a floor under prices.

  • LAUNCESTON, Australia, April 11- The problem with China's crude oil trade data so far this year is that the same set of numbers can tell different and seemingly contradictory stories.

  • DAKAR/ LONDON, April 10- Africa's dependency on fuel imports is likely to grow as its refining projects struggle to get off the ground, a Vitol director told a Reuters Africa Summit.