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Oil and Gas Refining

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  • MOSCOW, March 14- A possible ban on visas for the heads of Russia's two biggest energy firms, Rosneft and Gazprom, may hamper their international partnerships but also harm their Western partners and push the two towards the East.

  • BEIJING, March 14- China's largest state refiner, Sinopec Corp, said it had entered a long-term deal to buy liquefied petroleum gas from Phillips 66, showing the U.S. shale drilling boom is having an impact on Asian markets.

  • TOKYO, March 14- Japan's biggest refiner JX Nippon Oil& Energy has cut its annual crude contract with Iran by 27 percent, an industry source said, a move that will likely keep at bay any potential U.S. pressure over oil shipments from the Islamic republic.

  • SINGAPORE, March 14- Brent crude held steady above $107 a barrel on Friday, on track for a third weekly loss amid worries over Chinese economic growth and rising U.S. stockpiles, although heightened tension in Ukraine is causing renewed worry over Russian oil supplies.

  • SINGAPORE, March 14- Brent crude rose towards $108 a barrel on Friday as heightened tensions in Ukraine stoked worries over Russian oil supplies, but the contract remained on track for a third weekly loss amid concerns over Chinese economic growth and rising U.S. stockpiles.

  • Brent steady above $107; all eyes on Ukraine Thursday, 13 Mar 2014 | 11:14 PM ET

    SINGAPORE, March 14- Brent crude held steady above $107 a barrel on Friday, on track for a third weekly loss amid worries over Chinese economic growth and rising U.S. stockpiles, although heightened tension in Ukraine is causing renewed worry over Russian oil supplies.

  • SINGAPORE, March 13- Brent futures inched higher on Thursday, holding above $108 a barrel, as investors focused on risks from the unfolding crisis in Ukraine and as OPEC raised its 2014 global oil demand growth forecast for a second straight month. Brent crude rose 24 cents to $108.26 by 0203 GMT, after ending 53 cents down at its lowest in a week.

  • WASHINGTON, March 13- A rare U.S. test of its strategic oil reserves may be just coincidentally timed with the most serious stand-off with Russia in decades, but the underlying message of the move announced on Wednesday left little doubt: Prepare for the rise of a new global energy superpower.

  • Brent firms above $108 on supply risks, demand outlook Wednesday, 12 Mar 2014 | 10:25 PM ET

    *Asian shares on defensive as China fears rattle commodities. SINGAPORE, March 13- Brent futures inched higher on Thursday, holding above $108 a barrel, as investors focused on risks from the unfolding crisis in Ukraine and as OPEC raised its 2014 global oil demand growth forecast for a second straight month.

  • Chevron is especially opposed to a part of the bill, known as AB 32, that starting next year would require all California distributors of transportation fuels to purchase carbon permits to cover emissions from automobiles, a cost the Boston Consulting Group, in a study on behalf of the oil industry, estimates could exceed $3.7 billion.

  • NEW YORK, March 12- New York's Albany County on Wednesday issued a moratorium on the expansion of crude oil processing in the Port of Albany, pending a public health investigation.

  • WASHINGTON, March 12- The United States will hold the first test sale of crude from its emergency oil stockpile since 1990, offering a modest 5 million barrels in what some observers saw as a subtle message to Russia from the Obama administration.

  • *Copper's fall compounds concerns over China slowdown. NEW YORK, March 12- U.S. crude oil fell by more than 2 percent on Wednesday, its biggest drop in two months, after the United States announced unexpected plans for a "test" release of strategic oil reserves while weekly data showed a big rise in crude stockpiles.

  • *Asian stocks lose ground on economic worries, Ukraine. *Ukraine appeals to West as Crimea turns to Russia. SINGAPORE, March 12- Brent futures fell towards $108 a barrel on Wednesday as concerns about weak demand growth in the world's two biggest oil consumers overshadowed fears of supply disruption amid worsening geopolitical tensions over Ukraine.

  • *Asian stocks lose ground on economic worries, Ukraine. *Ukraine appeals to West as Crimea turns to Russia. SINGAPORE, March 12- Brent futures fell towards $108 a barrel on Wednesday as concerns about weak demand growth at the world's two biggest oil consumers overshadowed fears of supply disruption amid worsening geopolitical tensions over Ukraine.

  • *Asian stocks lose ground on economic uncertainty, Ukraine tensions. *Ukraine appeals to West as Crimea turns to Russia. SINGAPORE, March 12- Brent futures fell towards $108 a barrel on Wednesday as demand growth concerns at the world's two biggest oil consumers overshadowed fears of supply disruption with geopolitical tensions over Ukraine worsening.

  • WASHINGTON, March 11- Four U.S. oil refiners, trying to counter growing calls to lift the nation's ban on most crude oil exports, have launched the first major lobbying effort to keep abundant U.S. oil supplies from being sold overseas.

  • NEW DELHI, March 11- India has to cut its Iranian oil imports by nearly two-thirds from the first quarter after the United States asked it to hold the shipments at end-2013 levels, in keeping with the nuclear deal easing sanctions on Tehran, Indian government sources said.

  • SINGAPORE, March 11- Brent futures recovered on Tuesday and held above $108 a barrel as a worsening crisis over Ukraine stoked supply disruption fears, while concerns over demand growth from the world's two biggest oil consumers kept prices under pressure.

  • SINGAPORE, March 11- Brent futures were steady on Tuesday and held near $108 a barrel as a worsening crisis over Ukraine stoked supply disruption fears, while concerns over demand growth from the world's two biggest oil consumers kept prices under pressure.