*First speech ever by an EPA head at CERAWeek. McCarthy's speech in Houston to IHS CERAWeek, the largest meeting of energy executives in the world, was the first by an EPA administrator since the conference began 33 years ago.» Read More
LONDON, Nov 7- China may have overtaken the United States as the world's biggest oil importer, but America is now the land of opportunity for traders looking to profit off energy markets, thanks to changes brought by the shale gas revolution.
NEW DELHI, Nov 7- Iran is offering free delivery of crude to major client India, industry sources said, signalling that tough Western sanctions which have slashed its exports in half are driving Tehran to increasingly desperate measures to keep oil flowing.
NEW YORK, Nov 6- CME Group Inc plans to announce new specifications and tests for West Texas Intermediate crude backing its benchmark oil futures contract early next year, and implement the new specs by the end of 2014, a person familiar with knowledge of the plan said on Wednesday.
*Energy Transfer, Enbridge Inc end partnership in Gulf access project. *Energy Transfer aims to move volumes from Enbridge and others. HOUSTON, Nov 6- Energy Transfer Partners LP shelved a new Louisiana- only leg of its Eastern Gulf Crude Access pipeline project over lack of shipper interest, Chief Operating Officer Marshall McCrea told analysts on Wednesday.
*Militias fight gun battles in Libyan capital Tripoli. LONDON, Nov 6- Brent oil rose to $106 a barrel on Wednesday, supported by a fall in U.S. oil product inventories and worries about prolonged weakness in supply from Libya as the peak winter heating season looms.
LAUNCESTON, Australia, Nov 6- Middle East oil prices may rise relative to other global crudes and physical premiums stand to gain, assuming Asia's major buyers cut purchases from Iran.
NEW YORK, Nov 5- U.S. crude oil futures settled at their lowest point in five months on Tuesday, pressured by forecasts for rising supplies and continued weak demand as Gulf Coast refineries were expected to remain offline at least through the end of this week.
NEW YORK, Nov 5- U.S. crude oil futures hit a fresh four-month low on Tuesday, pressured by forecasts for rising supplies and continued weak demand as Gulf Coast refineries were expected to remain offline at least through the end of this week.
VANCOUVER, Nov 5- TransCanada Corp, which is backing the controversial Keystone XL oil pipeline, said on Tuesday its third-quarter profit rose 30 percent on stronger results from its Canadian natural-gas mainline system and its electricity operations.
*Heavy gunfire heard in Libya's capital Tripoli. SINGAPORE, Nov 5- Brent futures on Tuesday traded near a four-month low touched overnight, but worries over a prolonged outage from oil exporter Libya helped the benchmark hold above $106 a barrel.
BEIJING, Nov 1- Sinopec Corp won initial approval last month from China's top economic planner for a plan to build a $10- billion refinery and petrochemical complex in Shanghai, two company officials said. The new Sinopec plant, designed to process mostly imported crude oil, will be built in the Caojing industrial park, some 50 km from the centre of Shanghai.
TOKYO, Nov 1- U.S. crude steadied above $96 per barrel on Friday, after posting a second straight monthly loss in October, ahead of data from China that is expected to show robust manufacturing activity in the world's No.2 oil consumer. *NYMEX crude dipped 4 cents to $96.34 a barrel by 0059 GMT, after settling down 39 cents at $96.38 on Thursday.
*Oil traders hunt for smarter ways to assess demand, supply in China. *Lack of data on China's crude stocks, refinery operations. China's rising fuel demand saw it overtake the United States as the world's top net oil importer last month.
*Libya hikes pay for oil workers; exports lowest since 2011. NEW YORK, Oct 31- Brent crude futures dropped more than $1 on Thursday, reversing the previous session's gains, as traders booked profits and turned their focus to the end of the U.S. refinery maintenance season, which is expected to boost demand for U.S. crude.
*Libya producing about 250,000-300,000 bpd-oil official. LONDON/ TRIPOLI Oct 31- Libya's efforts to end an oil crisis that has reduced its exports to a trickle faltered on Thursday after oil workers appeared to shrug off a 67 percent pay increase and a deal to reopen the eastern Hariga terminal looked close to collapse.
*Libya hikes pay for oil sector workers. NEW YORK, Oct 31- Brent crude futures slid by more than $1 on Thursday, reversing the previous session's gains, as traders took profit and turned their focus to the end of the U.S. refinery maintenance season, expected to boost demand for U.S. crude.
CALGARY, Alberta, Oct 31- Imperial Oil Ltd, Canada's No. 2 oil producer and refiner, said on Thursday that third-quarter profit fell 38 percent as higher oil prices squeezed earnings from its refineries. Net income totaled C $647 million, or 76 Canadian cents per share, versus C $1.04 billion, or C $1.22, in the third quarter of 2012..
Oct 31- U.S. refining company Marathon Petroleum Corp posted a lower-than-expected quarterly profit on Thursday, hurt by shrinking crude discounts and weakness in products markets.
Oct 31- U.S. refining company Marathon Petroleum Corp on Thursday said its third-quarter profit fell sharply, hurt by shrinking crude discounts and weakness in products markets. For the quarter, Marathon posted net income of $168 million, or 54 cents per share, compared with $1.22 billion, or $3.59 per share, in the year-ago quarter.
LONDON, Oct 31- Libya's government has ordered a 67 percent increase in pay for employees of the state oil sector, in an apparent effort to defuse three months of strikes and unrest that have reduced the country's crude oil exports to a trickle.