GO
Loading...

Oil and Gas Refining

More

  • *Russia's gasoline production only slightly above consumption. MOSCOW, Sept 12- Any further Western sanctions which may aim at technology for Russia's modernising oil refineries could lead to gasoline shortages, an energy ministry official said.

  • *Weaker oil demand growth in China and Europe- IEA. LONDON, Sept 12- Brent crude oil held above $98 a barrel on Friday as the market rebounded from a two-year low but concerns over weak demand and plentiful supplies, plus a strong dollar, continued to weigh on prices.

  • HOUSTON, Sept 10- Alon USA Energy intends to restart its refinery in Bakersfield, California in 2016 after a string of upgrades to enable it to process light inland U.S. crude that will arrive via a new oil-by-rail facility, Chief Executive Paul Eisman told Reuters on Wednesday.

  • Venezuela's PDVSA: Let's make a deal on Citgo Wednesday, 10 Sep 2014 | 8:28 AM ET
    Caracas, Venezuela.

    Venezuela's state-run oil company is seeking offers for its U.S. unit Citgo Petroleum in a deal that could fetch up to $10 billion.

  • LONDON, Sept 10- Brent crude dropped to a fresh 16- month low below $99 a barrel on Wednesday with rising supplies and weak demand helping extend losses into a fifth session.

  • Yanbu will be the second major refinery to come online in Saudi Arabia in little more than a year, following the September 2013 start-up of the similar 400,000 bpd Jubail plant, a joint venture between Aramco and France's Total. Both these plants are largely aimed at the export market and can supply to both Europe and Asia because of their location.

  • HOUSTON, Sept 9- The first substantial oil-by-rail project at a California refinery won approval on Tuesday despite a last-minute push for more scrutiny by some environmental groups.

  • HOUSTON, Sept 9- The first substantial oil-by-rail project at a California refinery won approval on Tuesday despite a last-minute push for more scrutiny by some environmental groups.

  • NEW YORK, Sept 9- Venezuela's state-run oil company PDVSA is seeking preliminary offers for its U.S. unit Citgo Petroleum Corp by the end of September, a deal that could fetch up to $10 billion, according to two people familiar with the matter.

  • LONDON/ MOSCOW, Sept 9- The Kremlin's prized oil firm Rosneft is cutting staff and production and selling stakes in Siberian fields in the strongest evidence to date that Western sanctions are hurting what was the world's fastest growing oil firm in recent years.

  • Oil producers in condensate-heavy shale crude plays like the Eagle Ford and the western Permian Basin in Texas also could fetch better condensate prices if exported, as U.S. refiners have limited demand for it.

  • *Copper shipments steady, crude oil imports rise. *China steel mills have been slashing output. China's economy has had a bumpy ride this year.

  • SAN FRANCISCO, Sept 5- A San Francisco Superior Court judge on Friday dismissed a lawsuit brought by environmental groups against Kinder Morgan's Richmond, California, rail terminal, which quietly began unloading crude oil from trains this year, saying the plaintiffs waited too long to file their complaint.

  • SINGAPORE/ TOKYO, Sept 5- Tests on samples of the same type of U.S. condensate now heading to South Korea and Japan have raised questions about the ultra-light crude's suitability for use in Asia, sources said, making some potential buyers wary about taking the oil.

  • At issue is a 2012 law that gave Governor Dave Heineman authority to approve a route for TransCanada Corp's proposed Canada- to- Texas project. Because the pipeline would cross the U.S.- Canada border en route from Alberta to Texas, the State Department must either bless or reject the proposal based on its evaluation of the national interest.

  • At issue is a 2012 law that gave Governor Dave Heineman authority to approve a route for TransCanada Corp's proposed Canada- to- Texas project. Because the pipeline would cross the U.S.- Canada border en route from Alberta to Texas, the State Department must either bless or reject the proposal based on its evaluation of the national interest.

  • In the letter to the Commerce Department a lobbyist group called Consumers and Refiners United for Domestic Energy, or CRUDE, which represents the four U.S. refiners, blasted the government for allowing the shipments, saying they contravene a nearly 40- year-old ban on oil exports.

  • UPDATE 2-Oil output in Iraq's Kirkuk slumps 90 percent Thursday, 4 Sep 2014 | 11:34 AM ET

    ISTANBUL, Sept 4- Oil output in Iraq's Kirkuk has slumped to 30,000 barrels a day since June, 90 percent down on earlier this year, and a federal pipeline to the Turkish port of Ceyhan may be out of action for over a year due to sabotage, Kirkuk's governor said on Thursday.

  • 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.