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Oil and Gas Refining

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  • The Channel, which shut on Saturday due to an oil spill, has re-opened for all outbound ship traffic while the Intercoastal Waterway also has opened to eastbound traffic, but not westbound, the Coast Guard said around midday on Tuesday.

  • HOUSTON, March 25- The Houston Ship Channel, a waterway for carrying more than one-tenth of U.S. oil refining capacity, opened on Tuesday to limited barge traffic after being shut for three days following an oil spill, the Coast Guard said.

  • UPDATE 1-Oil spills into Lake Michigan from BP refinery Tuesday, 25 Mar 2014 | 10:15 AM ET

    March 25- Oil leaked from BP Plc's Whiting oil refinery in Indiana into Lake Michigan after a mechanical glitch on Monday afternoon, the company and local officials said on Tuesday.

  • The Coast Guard said planes were to begin flying after sunrise across Galveston Bay to determine the location of 4,000 barrels, or 168,000 gallons, of heavy fuel oil spilled after a Kirby Inland Marine oil barge and a cargo ship collided on Saturday.

  • The Coast Guard said planes were to begin flying after sunrise across Galveston Bay to determine the location of 4,000 barrels, or 168,000 gallons, of heavy fuel oil spilled after a Kirby Inland Marine oil barge and a cargo ship collided on Saturday.

  • *Supply concerns stemming from Ukraine crisis check losses. SINGAPORE March 25- Brent crude fell towards $106.50 per barrel on Tuesday, dropping for a second straight session on disappointing manufacturing numbers from the world's biggest oil consuming nations, although supply concerns stemming from the Ukraine crisis checked losses.

  • *Supply concerns stemming from Ukraine crisis check losses. SINGAPORE March 25- Brent crude fell towards $106.50 per barrel on Tuesday, dropping for a second straight session on disappointing manufacturing numbers from the world's biggest oil consuming nations, although supply concerns stemming from the Ukraine crisis checked losses.

  • *Coast Guard says will re-open channel' as soon as we can'. TEXAS CITY, Texas March 24- The closure of the vital Houston Ship Channel looked set to extend to a fourth day after the Coast Guard struggled to finish cleaning up after an oil barge spill on Monday, threatening to force deeper production cuts at local refiners.

  • *Coast Guard says will re-open channel' as soon as we can'. "We will begin the process of a tapered... not a floodgate resumption of marine traffic," Captain Brian Penoyer, commander of U.S. Coast Guard sector Houston- Galveston and captain of the Port of Houston, told reporters on Monday.

  • A Coast Guard spokesman declined to discuss the timeline. The closure of the channel on Saturday has led to a queue of more than 80 vessels trying to move into or out of the Gulf of Mexico, with shipping delays forcing Exxon Mobil Corp to cut production at its largest refinery.

  • HOUSTON, March 24- Exxon Mobil Corp cut production at its largest refinery on Monday as the U.S. Coast Guard was preparing for a possible re-opening of the Houston Ship Channel by late afternoon to return the supply of crude oil for more than one-tenth of the nation's refining capacity.

  • *Revenues rise 1.3 percent to $307 billion in 2013. LONDON, March 24- Top oil trader Vitol's revenues were flat in 2013 despite higher crude and product volumes as increased competition led to another year of single-digit growth.

  • As of 7 a.m. CST, the channels to Houston and Texas City, Galveston and the Intracoastal Waterway remained shut near the entrance to Galveston Bay, where heavy fuel oil washed ashore and out into the Gulf of Mexico.

  • Houston area waterways shut for third day Monday, 24 Mar 2014 | 8:33 AM ET

    The Coast Guard said 43 ships were waiting to go out from the port of Houston and 38 ships were waiting to come in.

  • *Coast Guard says no timeline for reopening Houston Channel. TEXAS CITY, Texas, March 23- The closure of major Texas shipping channels that deliver crude to more than a tenth of the nation's refining capacity looked set to run to a third day as crews were still working on Sunday evening to clean up after an oil spill.

  • BP CEO: We are not in any discussions with Iran Wednesday, 22 Jan 2014 | 11:14 AM ET
    Robert "Bob" Dudley
  • Shell earnings 'disappointing': Pro     Friday, 17 Jan 2014 | 2:30 AM ET

    Malcolm Graham-Wood, founding partner at Hydrocarbon Capital, says Shell's earnings were "disappointing" after the company announced that fourth quarter profit will be "significantly lower than recent levels".

  • Abhishek Deshpande, oil and gas analyst at Natixis, says it is unclear how much oil Iran will bring to the market when the sanctions are lifted.

  • Deutsche Bank's Paul Sankey explains why his firm ungraded Valero, Phillips 66 and other refiners to a buy.

  • Cramer: Organic 'arms dealers' looking good     Monday, 9 Dec 2013 | 9:23 AM ET

    Jim Cramer explains what to watch ahead of the open, including Valero Energy and WhiteWave Foods.