GO
Loading...

Oil and Gas Refining

More

  • FACTBOX-Gunvor's energy trading and production assets Thursday, 20 Mar 2014 | 6:46 PM ET

    NEW YORK, March 20- The United States added former Gunvor owner Gennady Timchenko to its sanctions list on Thursday, raising questions about whether the move could drag his far-reaching business interests into the standoff between Russia and Ukraine. *Had a turnover of $93 billion in 2012, up from $5 billion in 2004..

  • *PetroChina posts 21 pct yr-yr rise in Q4 net profit; 2013 profit up 12 pct. producer PetroChina Co Ltd said on. "Last year marked a turning point for PetroChina," Chairman Zhou Jiping told reporters after the company posted a 21 percent rise in fourth quarter net profit, largely due to government hikes in natural gas prices and an improvement in its refining business.

  • LAUNCESTON, Australia, March 20- The price of Middle East crude oils being supplied to Asia appears too high given an increase in supply from Iran, Iraq and rival Russia and muted demand from refiners. The Brent- Dubai exchange for swaps fell to $3.75 a barrel on Wednesday, down from the year-high of $4.44 on March 14.

  • Mercuria's purchase of JPMorgan's physical commodities business marks the culmination of a 10- year journey for Swiss traders Marco Dunand and Daniel Jaeggi, two men who transformed a small trading house into an operation to rival the biggest in the natural resources business.

  • SINGAPORE, March 19- Brent crude held near a six-week trough below $106 a barrel on Wednesday as worries about an escalation of the crisis in Ukraine eased and on expectations of a rise in U.S. oil stocks.

  • Brent near six-week low, Ukraine worries ease Tuesday, 18 Mar 2014 | 11:23 PM ET

    SINGAPORE, March 19- Brent crude sat near a six-week trough below $106 a barrel on Wednesday as concerns eased about an escalation of the crisis in Ukraine and investors looked to an increase in U.S. oil stocks.

  • Between 7,000 and 10,000 gallons of sweet crude leaked into the Oak Glen Nature Preserve about a quarter of a mile from the Great Miami River, according to early estimates from the Ohio Environmental Protection Agency.

  • Murphy Oil nears sale of UK refinery to fund Tuesday, 18 Mar 2014 | 11:54 AM ET

    LONDON, March 18- Murphy Oil is in advanced talks to sell its Milford Haven refinery in Wales to a low-profile private equity fund that will continue operating the struggling plant, sources familiar with the situation said on Tuesday.

  • LONDON, March 18- China's biggest refiner Sinopec is in talks with Malaysia's Petronas to buy a 15 percent stake in a $20 billion Canadian liquefied natural gas project, three sources with knowledge of the matter said.

  • BEIJING/ HONG KONG, March 18- Asia's top oil. refiner Sinopec Corp will set up a. The Hong Kong and Shanghai- listed company now has 23,000 such stores, with sales totalling 13.3 billion yuan in 2013, it said.

  • 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.