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Oil and Gas Refining

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  • NEW YORK, Dec 4- U.S. crude oil futures rose more than $1 on Wednesday, a fourth straight day of gains as government data showed an unexpected fall in U.S. stockpiles in the world's largest oil consumer.

  • LAUNCESTON, Australia, Dec 4- Saudi Aramco's decision to raise its official selling price for January crude cargoes to Asia to the highest premium in two years looks slightly at odds with recent market developments.

  • NEW YORK, Dec 3- U.S. oil futures rose over $2 a barrel to a four-week high on Tuesday in a third straight day of gains on expectations that the January start-up of a pipeline from Cushing, Oklahoma, to the Gulf Coast would drain crude stocks at the giant storage hub.

  • NEW YORK, Dec 3- U.S. oil futures rose $2 a barrel to a four-week high on Tuesday in a third straight day of gains on expectations that the January start up of a pipeline from Cushing, Oklahoma, to the Gulf Coast would drain crude stocks at the giant storage hub.

  • *Coming up: American Petroleum Institute inventories at 2130 GMT. LONDON, Dec 3- Brent crude held above $111 a barrel on Tuesday, near a three-month high hit in the previous session, as strong economic data boosted the demand outlook and outages in Libya maintained concerns about supply.

  • CARACAS, Dec 2- Venezuelan state oil company PDVSA said the OPEC nation's oil installations were not affected by a power blackout that struck large parts of the country on Monday night. Venezuela's refineries, heavy crude upgraders and other oil facilities are fed by separate generating plants, not the national grid.

  • *Rising supply to Asia from Russia, Latin America, West Africa. SINGAPORE, Dec 3- Middle East oil exporters are locked in an increasingly fierce battle for the world's fastest-growing markets in Asia, as producers worldwide ship more crude east to compensate for shrinking demand from the United States and Europe.

  • HOUSTON, Dec 2- Venezuela's state-run oil company PDVSA and U.S. refiner Valero Energy Corp are running tests to evaluate the restart of five units at the 235,000 barrel per day Aruba refinery, which was shut last year over high costs, according to three sources familiar with the situation.

  • TRIPOLI, Dec 2- Libya is exporting 130,000 barrels per day of oil as strikes at its main ports and fields coupled with domestic refinery demand keep shipments at a fraction of July's levels, the country's deputy oil minister said on Monday.

  • LAKE LOUISE, Alberta, Nov 29- Many refineries in Europe, India and South America are easier to reach from Canaport, New Brunswick, in eastern Canada, than from the U.S. Gulf Coast, the chief executive of Irving Oil said on Friday.

  • *More than 40 killed in army depot blast in Libya. LONDON, Nov 29- Brent crude oil firmed slightly on Friday and looked set to post the biggest monthly gain since August as prolonged unrest in Libya kept supply disruptions in focus.

  • LONDON, Nov 29- There is widespread agreement on the problem facing Europe's troubled oil refining sector but no consensus about how to solve it.

  • *More than 40 killed in army depot blast in Libya. SINGAPORE, Nov 29- Brent futures held near $111 a barrel on Friday and were set to post the biggest monthly gain since August as prolonged unrest in Libya kept supply worries to the fore.

  • *More than 40 killed in army depot blast in Libya. SINGAPORE, Nov 29- Brent futures held near $111 a barrel on Friday as prolonged unrest in Libya kept supply worries to the fore, but steady progress in settling the dispute over Iran's nuclear programme dragged on prices.

  • *Japan crude imports from Iran fall 19 pct in Oct to 127,279. TOKYO, Nov 29- Asia's top buyers of Iranian crude cut purchases by about 15 percent so far this year but shipments may start rising after six world powers agreed this past Sunday to ease some sanctions on Iran in return for curbs on its nuclear programme.

  • Brent holds near $111, Libya worries support Thursday, 28 Nov 2013 | 10:57 PM ET

    *More than 40 killed in army depot blast in Libya. *Venezuela says OPEC should maintain production limits. SINGAPORE, Nov 29- Brent futures held near $111 a barrel on Friday as prolonged unrest in Libya kept supply worries to the fore, but steady progress in settling the dispute over Iran's nuclear programme dragged on prices.

  • *Rio to wind down Gove alumina production from early next year. SYDNEY, Nov 29- Miner Rio Tinto said on Friday it will stop alumina production at its Gove refinery in Australia, as the plant is no longer viable amid difficult market conditions.

  • SINGAPORE, Nov 28- Kenya's diesel and gasoline imports are set to rise by a third over the next two years, driven by a growing auto fleet and rising industrial activity amid a lack of refining capacity, the head of the country's state oil company said Thursday.

  • *Libya struggles to pay salaries, more clashes erupt. SINGAPORE, Nov 28- Brent futures held above $111 a barrel on Thursday on worries that supply from OPEC member Libya will continue to be disrupted as winter oil demand increases, but a bigger-than-expected rise in U.S. crude stocks kept the gains in check.

  • ANALYSIS-High-ethanol gas: Not coming to a pump near you Wednesday, 27 Nov 2013 | 4:56 PM ET

    CHICAGO, Nov 27- A month ago, Steve Walk was on the brink of deals to sell two big oil refiners some of his company's specialized oil pumps, which serve up fuel that is 85 percent ethanol, a biofuel made mostly from corn.

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