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*Hess to close New Jersey refinery. Jan 28- Hess Corp announced plans to sell its oil storage terminal network and exit the oil refining business, after activist hedge fund Elliott Associates said it was considering nominating directors to the Hess board.
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*China, U.S. manufacturing grow at quickest pace in two years. LONDON, Jan 25- Oil prices rose towards $114 a barrel on Friday as robust economic data from the United States, China and Germany lifted the outlook for global fuel demand. Manufacturing in China and the United States grew this month at the quickest pace in about two years.
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*China, U.S. manufacturing grow at quickest pace in two years. LONDON, Jan 25- Oil held above $113 a barrel on Friday as robust economic data from the United States, China and Germany lifted the outlook for global fuel demand. Manufacturing in China and the United States grew this month at the quickest pace in about two years.
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SINGAPORE/ SEOUL, Jan 25- South Korea's Samsung Total Petrochemicals Co has revived a contract to buy Iranian oil after a year's hiatus, as thin margins in plastics make the cheap fuel from Iran hard to resist, people familiar with the deal said on Friday.
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*China, U.S. manufacturing growth at quickest pace in two years. SINGAPORE, Jan 25- Brent crude held above $113 on Friday, on track to post a second week of gains as robust economic data from the United States and China lifted the outlook for fuel demand in the world's two largest oil consumers.
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*China, U.S. manufacturing growth at quickest pace in two years. SINGAPORE, Jan 25- Brent crude held above $113 on Friday, on track to post a second week of gains as positive economic data from the United States and China lifted the fuel demand outlook at the world's two largest oil consumers.
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NEW YORK, Jan 24- Oil prices rose in heavy trade on Thursday, buoyed by strong economic data from China, the eurozone and the United States, with U.S. crude prices getting an extra boost from expectations that the vital Seaway pipeline could resume full capacity operation within a week.
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NEW YORK, Jan 24- Oil prices rose on Thursday, buoyed by strong economic data from China, the eurozone and the United States, with U.S. crude prices getting an extra boost from expectations the vital Seaway pipeline could resume full capacity operation within a week.
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LONDON, Jan 24- Brent crude oil prices rose above $113 a barrel on Thursday, underpinned by upbeat data from China, Germany and the United States, while U.S. crude rebounded as capacity constraints at the Seaway pipeline are now seen as short-lived. Carsten Fritsch, an oil analyst at Commerzbank in Frankfurt, said that Brent was essentially trading sideways. "
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LONDON, Jan 24- Brent crude oil prices held above $112 a barrel on Thursday, supported by upbeat manufacturing data from China and Germany, but U.S. crude stocks remained in focus after capacity in the Seaway pipeline was reduced.
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It has been a harrowing start to 2013 for the global energy industry. BP, Statoil and the joint operators of the In Amenas natural gas plant in Algeria are slowly coming to terms with last week's brutal 4-day occupation of the isolated desert facility where 38 mainly foreign hostages were killed by Islamist militants.
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*Smaller discount for Western Canada crude will help. *Also new pipeline, refining capacity to boost Canada.
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LONDON, Jan 23- Iraq has sweetened terms for oil contract buyers and is becoming more competitive on pricing, buyers of its oil said, part of a marketing push by the world's fastest growing exporter to secure customers. Iraq has worked to address concerns of buyers over higher prices and the variable quality of its oil.
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*UK Dec jobless benefits claims lowest since June 2011. *Israel elections reduce risk of Iran strike, analysts say. "There is support from the improving employment picture, not in the U.S., for once, but the UK," John Kilduff, a partner at Again Capital LLC, said in a research note.
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SINGAPORE, Jan 23- Brent crude held above $112 a barrel on Wednesday, supported by a brighter outlook for the global economy while investors awaited inventory data from the United States for clues about demand in the world's largest oil consumer.
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SINGAPORE, Jan 23- Brent crude held above $112 a barrel on Wednesday, supported by a brighter outlook for the global economy while investors awaited inventory data from the United States for clues to demand in the world's largest oil consumer.
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*Bank of Japan pledges aggressive actions to boost economy. NEW YORK, Jan 22- Oil prices rose on Tuesday, supported by Bank of Japan plans for asset buying and strong investor confidence data from Germany that boosted the outlook for fuel demand.
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*Nebraska: TransCanada will adhere to 57 safety conditions. WASHINGTON, Jan 22- The Obama administration has delayed a decision on TransCanada Corp's rerouted Keystone XL oil pipeline until after March, even though Nebraska's governor said on Tuesday he approved a plan for a section of the line.
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*Delta to receive Bakken crude at Trainer in Q1. *Airliner lost $63 million at Trainer in Q4, 2012. *Delta expects plant to make modest profits in Q1.
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*Over 2 mln barrels booked to Europe in rare arbitrage. *Competes with West African crude in Europe. GENEVA/ LONDON, Jan 22- The United States now gets so much crude from its own shale deposits that Canadian exporters are selling as far afield as Europe, showing how deeply the U.S. energy revolution is transforming global oil flows.
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