Oil and Gas Refining
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The Saudi's investment in a Texas refinery's expansion is meant to ensure that it will retain an important market for its crude in the United States at a time when American politicians intend to wean the country off imported oil, The New York Times reports.
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*Economic outlook for U.S./ Europe fuels demand worries. NEW YORK, April 2- Oil prices fell in choppy trading on Tuesday as sufficient supply and concerns over the pace of U.S. economic growth and the euro zone economy offset any support from the prospect of stronger demand in Asia.
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*But refinery capacity expansion boosts China oil appetite. SINGAPORE, April 2- Brent crude steadied under $111 a barrel on Tuesday, supported by prospects of stronger appetite in Asia but hurt by concerns over the pace of economic recovery in top consumer the United States.
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LONDON/ SINGAPORE, April 1- Brent crude eased below $110 a barrel on Monday after Chinese manufacturing data missed market expectations, signalling the potential for slower demand growth in the world's second-largest oil consumer.
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SINGAPORE, April 1- Brent crude eased under $110 a barrel on Monday after Chinese manufacturing data missed market expectations, signalling possibly slower demand growth in the world's second-largest oil consumer.
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SINGAPORE, April 1- Brent crude eased under $110 a barrel on Monday after Chinese manufacturing data missed market expectations, signalling possibly slower oil demand growth in the world's second-largest consumer.
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The cash shortage is raising questions about Egypt’s ability to keep importing wheat that is essential to the food supply, stirring fears of an economic catastrophe.
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*Total and Suncor re-evaluating Fort Hills, Joslyn projects.
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LONDON, March 28- OPEC crude oil output is on course to reach its lowest since October 2011 this month as unrest in Libya, pipeline leaks in Nigeria and Iraqi export disruptions weigh on supplies, a Reuters survey found on Thursday.
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*U.S. Weekly jobless claims rise. LONDON, March 28- Oil futures fell close to $109 a barrel on Thursday on the back of economic worries in the euro zone but were underpinned by a seeming recovery in demand growth in the United States, the world's biggest oil consumer.
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GENEVA, March 28- Commodity trading houses are expanding aggressively in Africa as they look to add volume and take on assets that promise to benefit from a continent achieving some of the highest economic growth in the world.
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*Coming Up: U.S. Weekly jobless claims; 1230 GMT. LONDON, March 28- Oil rose on Thursday underpinned by expectations of a revival in demand growth in the United States, the world's biggest oil consumer, while Europe's debt worries capped gains. There is a lot of uncertainty over Europe and Cyprus but people will not readjust their books ahead of the break. "
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*Exports from China, India increase. Slowing growth in the region's largest importers of gasoil, such as Indonesia and Vietnam, and in major consumers, such as India and China, are swelling a surplus of the oil product, dragging down refining profits.
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*Asian shares, base metals fall on Italy, Cyprus worries. *Cyprus reopens banks, under strict restrictions. SINGAPORE, March 28- Brent crude held near $110 a barrel on Thursday on hopes of a revival in demand growth in the United States, the world's biggest oil consumer, after a surprise fall in product inventories, while Europe's debt worries capped gains.
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*Asian shares, base metals fall on Italy, Cyprus worries. *Cyprus reopens banks, under strict restrictions.
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March 27- Phillips 66 Partners LP has registered for an initial public offering of units in the midstream partnership that would raise $300 million, making Phillips 66 just the latest U.S. refining company to launch such a tax-efficient vehicle.
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March 27- Phillips 66 Partners LP said on Wednesday it registered for an initial public offering of units in the midstream partnership that would raise $300 million, making Phillips 66 just the latest U.S. refining company to launch such a tax-efficient vehicle.
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March 27- Phillips 66 Partners LP said on Wednesday it registered for an initial public offering of units in the midstream partnership that would raise $300 million, making Phillips 66 just the latest U.S. refining company to launch such a tax-efficient vehicle.
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NEW YORK, March 27- Major stock markets fell and the euro slumped to a four-month low against the dollar on Wednesday, hit by a disappointing Italian bond auction and concern about a wider impact on the euro zone from Cyprus's bailout. Gold rose above $1,600 an ounce.
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NEW YORK, March 27- Major stock markets fell and the euro slumped to a four-month low against the dollar on Wednesday, hit by a disappointing Italian bond auction and concern about a wider impact on the euro zone from Cyprus's bailout. Gold rose above $1,600 an ounce.
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NEW YORK, March 27- Crude oil prices rose on Wednesday in choppy trading as U.S. heating oil rallied on falling distillate inventories, while rising crude oil stockpiles in the United States and the stronger dollar limited gains.