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Oil and Gas Refining

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  • LONDON, Sept 4- Oil slipped to around $102 a barrel on Thursday, partially reversing a sharp rise the previous day, with more volatility expected as traders await the European Central Bank meeting and developments on Ukraine.

  • SINGAPORE, Sept 4- Brent crude slipped towards $102 a barrel on Thursday, reversing some of the sharp overnight gains, as U.S. industry data showed fuel stocks rose last week and raised fresh doubts about the strength of demand in the world's biggest oil consumer. Brent crude for October delivery fell 64 cents to $102.13 a barrel by 0553 GMT.

  • SINGAPORE, Sept 4- Brent crude slipped towards $102 a barrel on Thursday, reversing some of the sharp overnight gains, as U.S. industry data showed fuel stocks rose last week in the world's biggest oil consumer, raising fresh doubts on the strength of demand. Brent crude for October delivery fell 57 cents to $102.20 a barrel by 0354 GMT.

  • Oil futures on both sides of the Atlantic rose by more than $2 a barrel on Wednesday, moving away from multi-month lows as the prospect of peace talks over Ukraine and strong U.S. economic data raised demand expectations. *U.S. crude for October delivery was down 32 cents at $95.22 a barrel by 0055 GMT.

  • Brazil's oil industry may be large and growing, but little of what Rousseff promised when elected in 2010- or before then as energy minister or chairwoman of state-run energy giant Petrobras- has come to pass.

  • WASHINGTON/ SEOUL, Sept 1- Washington is facing growing international pressure to ease its long standing ban on crude oil exports, with South Korea and Mexico joining the European Union in pressing the case for U.S. oil shipments overseas.

  • WASHINGTON/ SEOUL, Sept 1- Washington is facing growing international pressure to ease its long standing ban on crude oil exports, with South Korea and Mexico joining the European Union in pressing the case for U.S. oil shipments overseas.

  • India's Reliance plans $13B in energy projects Saturday, 30 Aug 2014 | 1:17 AM ET

    India's Reliance Industries plans to invest about $13 billion in energy projects, including a 400,000 barrels per day crude refinery.

  • NEW YORK, Aug 29- Crude oil prices posted their second straight monthly losses, despite rising on Friday on worries that the intensifying Ukraine crisis may trigger more sanctions and as U.S. economic data portended strong demand in the world's largest oil consumer.

  • NEW YORK, Aug 29- Crude oil prices posted their second straight monthly losses, despite rising on Friday on worries that the intensifying Ukraine crisis may bring more sanctions and as U.S. data portended strong demand in the world's largest oil consumer.

  • NEW DELHI, Aug 29- India's Reliance Industries Ltd plans to invest about $13 billion in energy projects, including a 400,000 barrels per day crude refinery at its Jamnagar complex, documents seen by Reuters show. The refinery would process cheap, heavy crudes that are increasingly available to Asia as the shale boom has cut U.S. demand for the grades.

  • *Fire hits BP's largest U.S. refinery, at Whiting, Indiana. *Hope fades for Ukraine- Russia ceasefire deal. "There's better demand here in the U.S. than versus Europe," said Phil Flynn, an analyst with the Price Futures Group in Chicago, Illinois.

  • *BP says expects minimal impact from late Wednesday blaze. WHITING, Ind., Aug 28- Wholesale gasoline prices surged in Chicago on Thursday after a fire hit a piece of equipment used to produce gasoline at BP Plc's refinery in nearby Whiting, Indiana, trade and industry sources said.

  • UPDATE 5-Oil steadies around $103 on ample supply Thursday, 28 Aug 2014 | 9:34 AM ET

    *Fire hits BP's largest U.S. refinery, at Whiting, Indiana. LONDON, Aug 28- Brent crude oil steadied around $103 a barrel on Thursday, not far above 14- month lows on ample supply and lacklustre demand as global economic growth remained tepid.

  • Iraq to appeal U.S court decision on Kurdish oil Thursday, 28 Aug 2014 | 9:15 AM ET

    However, the court gave Baghdad 10 days to resubmit its case. The United Kalavrvta tanker, carrying about $100 million worth of Kurdish crude, has been anchored in the Gulf of Mexico for weeks, with the Iraqi region of Kurdistan locked in a legal battle over ownership with the central government of Iraq.

  • *Supply rises by 90,000 bpd, led by Libya, Angola. LONDON, Aug 28- OPEC's oil production has risen in August from July, a Reuters survey found on Thursday, as a recovery in Libyan supply held up and Angola and Iran boosted supplies, outweighing a further decline in Iraq.

  • *PetroChina says aims to make Athabasca payment soon. HONG KONG, Aug 28- PetroChina, the country's top oil and gas producer which also owns refineries, posted a 15 percent rise in second-quarter profit, partly due to higher upstream earnings and improved refining margins.

  • The imports would mark an abrupt shift from a decades-old devotion to crude oil self-sufficiency in Mexico, long a major exporter to the United States. His comments are the strongest signals to date on both the timing and potential volumes of light crude imports to Mexico.

  • INTERVIEW- MEXICO LIGHT CRUDE IMPORTS WOULD BE GRADUAL, COULD RANGE FROM 35,000 BPD TO 70,000 BPD DEPENDING ON REFINERY NEEDS-PMI.

  • BP says Whiting refinery still in production after fire Thursday, 28 Aug 2014 | 5:43 AM ET
    A gas truck pulls into the tanker farm at BP's refinery in Whiting, Indiana

    BP said its largest U.S. refinery, at Whiting, Indiana, continued to operate on Thursday morning following a blaze the night before.