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Oil and Gas Refining

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  • NEW YORK, Aug 6- Brent crude oil edged up from a nine-month low on Wednesday amid concerns over the conflict in Ukraine, while ample supply in the United States pressured prices there.

  • The crude complex had a modest rebound in mid-morning trading, as the data showed a pick up in demand in the United States and underlying geopolitical concerns were supportive.

  • UPDATE 1-Russia-Iran oil pact: the deal without details Wednesday, 6 Aug 2014 | 12:04 PM ET

    MOSCOW, Aug 6- After eight months of talks, Russia and Iran have yet to agree concrete details of a large oil-for-food deal, highlighting the difficulties the two major energy producers face in overcoming sanctions from the West. On Tuesday, Russia puzzled markets when it first said the landmark deal had been agreed with Iran- but later withdrew the statement.

  • Aug 6- U.S. refiner HollyFrontier Corp reported a better-than-expected profit for the third quarter in a row and said it expects higher margins from turning crude oil into other fuels and asphalt in the current quarter. The operator of refineries in Kansas, Oklahoma, New Mexico, Wyoming and Utah has typically benefited from easy access to cheap U.S. shale crude.

  • LONDON, Aug 6- Brent crude oil rose above $105 a barrel on Wednesday, bouncing from its lowest close in nine months, after government data showed a drop in U.S. crude stocks last week.

  • Aug 6- EOG Resources Inc, which produces oil and natural gas in North Dakota and Texas, said on Wednesday that while it supports U.S. exports of crude oil, it believes the North American refining market can absorb the excess production from shale formations.

  • Aug 6- U.S. refiner HollyFrontier Corp reported a fall in profit for the second quarter as its refining margins slumped 28 percent after a runup in U.S. crude oil prices. HollyFrontier, which operates refineries in Kansas, Oklahoma, New Mexico, Wyoming and Utah, usually benefits from access to cheap U.S. shale crude.

  • MENE GRANDE, Venezuela, Aug 5- Venezuelan state oil company PDVSA will sell North American unit Citgo Petroleum if it receives a good offer, Petroleum Minister Rafael Ramirez told reporters on Tuesday in what would be its biggest pullback ever from the U.S. refining market.

  • NEW YORK, Aug 5- Oil prices tumbled on Tuesday, with Brent crude falling to a nine-month low as ample supplies in Europe and North America outweighed fears that violence in the Middle East and North Africa could disrupt production.

  • NEW YORK, Aug 5- Oil prices tumbled on Tuesday, with Brent crude falling to a nine-month low as ample supplies in Europe and North America outweighed fears that violence in the Middle East and North Africa could disrupt production.

  • NEW YORK, Aug 5- Oil prices tumbled on Tuesday, with Brent crude leading the decline as ample supplies in Europe and North America outweighed fears that turmoil in the Middle East and North Africa could disrupt production.

  • *Tensions in North Africa, Middle East offset ample supply. NEW YORK, Aug 5- Oil prices tumbled on Tuesday, with Brent crude leading the decline as ample supply in Europe and North America outweighed fears that turmoil in the Middle East and North Africa could disrupt production.

  • *Tensions in North Africa, Middle East offset ample supply. LONDON, Aug 5- Brent crude oil slipped below $105 a barrel on Tuesday as ample supply in the Atlantic basin outweighed worries that turmoil in the Middle East and North Africa could disrupt production.

  • *Tensions in North Africa, Middle East offset ample supply. LONDON, Aug 5- Brent crude oil steadied above $105 a barrel on Tuesday as tensions in the Middle East and North Africa balanced ample supply in the Atlantic basin.

  • Cramer: Export oil & price comes down  Friday, 20 Jun 2014 | 9:34 AM ET

    CNBC's Jim Cramer shares his opinions on the high price of oil, and U.S. regulations on exporting.

  • Crude oil inventories down 579,000 barrels  Wednesday, 18 Jun 2014 | 10:30 AM ET

    CNBC's Jackie DeAngelis reports crude oil inventories drew down 579,000 barrels.

  • 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.

  • India, Iran in deal to ease sting of sanctions Wednesday, 23 Apr 2014 | 11:34 AM ET
    This handout image supplied by the IIPA (Iran International Photo Agency) shows a view of the reactor building at the Russian-built Bushehr nuclear power plant.

    India is set to pay Iran $1.65 billion under an interim nuclear deal that eases sanctions and gives Tehran access to $4.2 billion in blocked funds.

  • Oil heads lower as Libya resolution appears near Wednesday, 2 Apr 2014 | 3:57 PM ET

    U.S. oil futures slipped further below the key $100 a barrel level, and international crude moved closer to U.S. prices as some geopolitical pressures eased.

  • US oil boom takes punch out of Putin on crude Tuesday, 1 Apr 2014 | 12:00 PM ET

    The next move for world oil prices is likely lower, as growing U.S. oil production outweighs the impact of elevated tensions surrounding Ukraine.