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Oil and Gas Refining

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  • LONDON, July 14- Brent crude oil slipped towards $106 a barrel on Monday, its lowest for three months, depressed by signs of improving supply from key producers and weak demand in some consuming centres.

  • LONDON, July 11- Global oil demand growth will accelerate next year as the world economy expands and will again be met by rising supplies from the United States and Canada, further eroding OPEC's market share, the West's energy watchdog said on Friday.

  • LONDON, July 11- Oil headed for its third straight weekly loss on Friday as worries about supply losses in the Middle East and North Africa eased, pushing North Sea Brent crude down towards $108 a barrel.

  • LONDON, July 11- Global oil demand growth will accelerate next year as the world economy expands and will again be met by rising supplies from the United States and Canada, further eroding OPEC's market share, the West's energy watchdog said on Friday.

  • TOKYO, July 10- U.S. crude oil fell below $102 on Thursday, to trade at its lowest level in more than a month, on wavering demand for gasoline and projections for rising supplies from OPEC member Libya. *U.S. crude futures for August delivery fell 32 cents to $101.97 a barrel by 0002 GMT, after earlier trading as low as $101.72- the lowest level since June 5.

  • DUBAI, July 9- Saudi Arabia produced 9.780 million barrels per day of crude oil in June, up from 9.705 million bpd in May, an industry source familiar with the matter said on Wednesday. The world's largest oil exporter and OPEC heavyweight supplied 9.745 million bpd to the market, the source said.

  • *Libya reaches deal with rebels to reopen oil ports. LONDON, July 3- Brent crude futures fell below $111 a barrel on Thursday as supply fears began to ease after Libya declared an end to an oil crisis that has slashed exports from the OPEC member. The question now is how long it will take for flows to come out, "said Ole Hansen, senior commodity strategist at Saxo Bank.

  • *Libya deal with rebels may make 500,000 bpd available for exports. SINGAPORE, July 3- Brent futures dipped below $111 a barrel on Thursday as supply fears eased after Libya declared an end to an oil crisis that has cut exports from the OPEC member to a trickle, although declines will be capped by concerns over Iraq.

  • *Libya deal with rebels may make 500,000 bpd available for exports. SINGAPORE, July 3- Brent futures dipped towards $111 a barrel on Thursday as supply fears eased after Libya declared an end to an oil crisis that has cut exports from the OPEC member to a trickle, although declines will be capped by concerns over Iraq.

  • *Libya deal with rebels may make 500,000 bpd available for exports. SINGAPORE, July 3- Brent futures dipped below $111 a barrel on Thursday as supply fears eased after Libya declared an end to an oil crisis that has cut exports from the OPEC member to a trickle, although declines will be capped by concerns over Iraq.

  • WASHINGTON, July 2- Two senators on Wednesday asked the U.S. Commerce Department to explain why it approved exports of a form of super-light oil known as condensate, saying the action may have violated the decades-long ban on U.S. crude oil exports.

  • *But concerns over Iraq and Ukraine underpin prices. LONDON, July 1- Brent oil held above $112 per barrel on Tuesday as investors took heart from upbeat manufacturing data in China while ongoing tensions in Iraq and Ukraine underpinned supply concerns.

  • Philly Tankers AS, majority-owned by Aker Philadelphia Shipyard is building four ships on spec, and Seabulk Tankers Inc, an indirect wholly-owned subsidiary of SEACOR Holdings Inc, is building another two.

  • *OPEC oil output slips in June on Iraq, averages 29.93 mln bpd. *Iraq, Ukraine crises push up oil price forecasts.

  • Cramer: Export oil & price comes down  Friday, 20 Jun 2014 | 9:34 AM ET

    CNBC's Jim Cramer shares his opinions on the high price of oil, and U.S. regulations on exporting.

  • Crude oil inventories down 579,000 barrels  Wednesday, 18 Jun 2014 | 10:30 AM ET

    CNBC's Jackie DeAngelis reports crude oil inventories drew down 579,000 barrels.

  • US approves BP drone surveys of Alaskan oilfields Tuesday, 10 Jun 2014 | 11:04 AM ET

    BP will use unmanned aircraft systems to conduct aerial surveys of Alaska's North Slope.

  • India, Iran in deal to ease sting of sanctions Wednesday, 23 Apr 2014 | 11:34 AM ET
    This handout image supplied by the IIPA (Iran International Photo Agency) shows a view of the reactor building at the Russian-built Bushehr nuclear power plant.

    India is set to pay Iran $1.65 billion under an interim nuclear deal that eases sanctions and gives Tehran access to $4.2 billion in blocked funds.

  • Oil heads lower as Libya resolution appears near Wednesday, 2 Apr 2014 | 3:57 PM ET

    U.S. oil futures slipped further below the key $100 a barrel level, and international crude moved closer to U.S. prices as some geopolitical pressures eased.

  • US oil boom takes punch out of Putin on crude Tuesday, 1 Apr 2014 | 12:00 PM ET

    The next move for world oil prices is likely lower, as growing U.S. oil production outweighs the impact of elevated tensions surrounding Ukraine.