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Oil and Gas Refining

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  • *Tighter North Sea supplies support Brent. NEW YORK, Feb 7- Oil rose by more than $1 to one-month highs on Friday, fueled by a sharp rally in gasoline and heating oil as supplies tightened and refiners started to shut down plants for maintenance.

  • NEW YORK, Feb 7- Brent crude oil rose by more than $1 to a one-week high on Friday on tighter North Sea supplies and rising heating oil and gasoline prices, which were supported by continued cold and a decline in the U.S. jobless rate.

  • LONDON, Feb 7- Brent crude oil slipped to around $107 a barrel on Friday as U.S. jobs data raised concern about prospects for demand growth for the world's top oil consumer. "We're still essentially going sideways with some negative momentum given what we are seeing in the emerging markets and China in recent weeks," said Simon Wardell, analyst at Global Insight.

  • *Coming up: U.S. non farm payrolls data; 1330 GMT. LONDON, Feb 7- Brent crude oil steadied above $107 a barrel on Friday on optimism U.S. jobs data would confirm accelerating economic growth in the world's top oil consumer. Brent crude was up 5 cents at $107.24 by 0920 GMT, after rising 0.9 percent in the previous session- its biggest daily gain since Jan. 22.

  • SINGAPORE, Feb 7- Brent crude steadied above $107 a barrel on Friday, heading for a second weekly gain in three on optimism U.S. jobs data due later in the day will add to recent signs of economic improvement in the world's top oil consumer.

  • SINGAPORE, Feb 7- Brent crude edged higher toward $108 a barrel on Friday, on track for its second weekly gain in three with investors awaiting U.S. non farm payrolls numbers for signs of economic growth in the world's largest oil consumer.

  • The estimate by the Pembina Institute, which has opposed oil sands development, is the latest salvo in the battle by some groups to block plans to build new pipelines from Canada's oil patch.

  • HOUSTON, Feb 6- Independent oil refiner Tesoro Corp is replacing older railcars in its crude-by-rail fleet with ones that have the latest safety designs, Chief Executive Officer Greg Goff told analysts on Thursday.

  • NEW YORK, Feb 6- U.S. crude oil futures were slightly higher in late afternoon trade Thursday, retreating from the session high on concerns that seasonal refinery maintenance will reduce demand. U.S. crude was up 24 cents at $97.62 a barrel at 1:56 p.m. EST, after rising as high as $98.83.

  • *China has become top buyer of Russian oil, outstripping Germany. *Company will ship 7 mln tonnes via Kazakhstan to China. MOSCOW, Feb 6- Russia's biggest oil producer Rosneft will export an additional 9 million tonnes of oil to China this year and is continuing talks to increase eastbound crude supplies further, the company said on Thursday.

  • COLUMN-U.S. airlines cut fuel consumption: Kemp Thursday, 6 Feb 2014 | 7:22 AM ET

    Yet in the United States, a quadrupling of crude and jet fuel prices since 2003, coupled with the prolonged recession, has cut jet fuel consumption by around half a billion barrels per year compared with the previous trend.

  • LAUNCESTON, Australia, Feb 6- Saudi Arabia's decision to cut March oil prices for Asian customers by more than expected appears to be a three-pronged move to maintain market share, boost refining margins and stave off demand destruction.

  • NEW YORK, Feb 5- The price of Renewable Identification Number credits extended gains on Wednesday, with refiner buying helping push ethanol RINs for the 2013 compliance year past the 50 cent mark for the first time since September, traders said. E13 RINs traded as high as 53 cents each, traders said, and were heard traded at 52.5 cents by mid-afternoon.

  • NEW YORK, Feb 5- The price of Renewable Identification Number credits extended gains on Wednesday, with refiner buying helping push ethanol RINs for the 2013 compliance year past the 50 cent mark for the first time since September, traders said. E13 RINs traded as high as 53 cents each, traders said, and were heard traded at 52.5 cents by mid-afternoon.

  • NEW YORK, Feb 5- The price of Renewable Identification Number credits extended gains on Wednesday, with ethanol RINs for the 2013 compliance year breaking the 50 cent mark for the first time since September amid refiner buying, traders said. So-called E13 RINs traded as high as 53 cents each, traders said, and were heard traded at 52.5 cents by mid-afternoon.

  • FACTBOX-JPMorgan's physical commodity trading Wednesday, 5 Feb 2014 | 12:58 PM ET

    Feb 5- Swiss trader Mercuria has become the front-runner to buy the physical commodities unit of JPMorgan Chase& Co, one of the most powerful oil and metals desks on Wall Street, two sources told Reuters.

  • LONDON, Feb 5- Brent crude edged up towards $106 a barrel on Wednesday, lagging gains in the U.S. oil benchmark after an industry report showed lower inventories and robust heating fuel demand from cold weather in the United States.

  • Feb 4- Flint Hills Resources LP's North Pole, Alaska, refinery will stop processing crude oil in the next few months, the Fairbanks Daily News-Miner reported on its website on Tuesday.

  • *U.S. crude oil futures rose 43 cents up at $97.62 a barrel as of 0016 GMT after it ended 76 cents higher at $97.19 a barrel on Tuesday.

  • *Cushing stocks expected to fall over 1 mln bbls- sources. U.S. oil rose by as much as $1.28 as traders expected oil inventory data later on Tuesday to show that supplies were beginning to drain in earnest from Cushing, Oklahoma, after the start-up of TransCanada's Keystone south pipeline.