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Oil and Gas Refining

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  • Oct 31- Exxon Mobil Corp, the world's largest publicly traded oil company, on Thursday reported an 18 percent decrease in quarterly profit on weakness in its refining business. Profit in the third quarter was $7.87 billion, or $1.79 per share, compared with $9.57 billion, or $2.09 per share, in the same period a year earlier.

  • UPDATE 3-Oil slips on Fed outlook, Libya supports Thursday, 31 Oct 2013 | 6:07 AM ET

    *Libya may resume exports from major port in 10 days- official. Brent was still set to end October, however, with its fourth monthly gain in five as disruptions to shipments from major producer Libya kept supply tight. "But ongoing supply disruption in Libya should limit any downside."

  • *Brent-WTI spread near 6- month highs at around $13. *Libya may resume exports from key port in 10 days- official. SINGAPORE, Oct 31- Brent crude held well above $109 a barrel on Thursday and was set to end October with its fourth monthly gain in five, bolstered by disruptions to shipments from key producer Libya.

  • *Brent-WTI spread near 6- month highs at around $13. *Libya may resume exports from key port in 10 days- official. SINGAPORE, Oct 31- Brent crude edged lower on Thursday, but held well above $109 a barrel and was set to end October with its fourth monthly gain in five, bolstered by disruptions to shipments from key producer Libya.

  • *Brent-WTI spread near 6- month highs at around $13. SINGAPORE, Oct 31- Brent crude edged lower on Thursday, but held up well above $109 a barrel and is set to end October with its fourth monthly gain in five, bolstered by disruptions to shipments from key producer Libya. Brent crude for December delivery was off 17 cents at $109.69 a barrel by 0241 GMT.

  • NEW YORK, Oct 30- Biofuel and oil industry lobbyists have raced to the White House over the past two weeks in a last-ditch effort to sway controversial ethanol blending rules for next year, fueling talk of that a decision may be just a few weeks away.

  • *Zawiya port shut, no sign of El Sharara field restart. TRIPOLI/ LONDON, Oct 30- Libya plans to build two oil refineries in its underdeveloped east and south, Prime Minister Ali Zeidan said on Wednesday, seeking to address grievances and protests which have shut down much of the north African country's oil output.

  • LONDON, Oct 29- BP Plc's upgraded 405,000 barrel per day Whiting refinery in Indiana will not reach full production until the first quarter of 2014, its quarterly results showed on Tuesday, an apparent slippage in the ramp-up timetable. But analysts said that in previous briefings, BP has said Whiting would deliver a full year of profits in 2014..

  • UPDATE 6-Oil drops on Libyan export resumption hopes Tuesday, 29 Oct 2013 | 12:16 PM ET

    NEW YORK, Oct 29- Brent oil fell on Tuesday, giving back some of the previous session's sharp gains, on expectations that recent disruptions in exports from OPEC member Libya could be short-lived. Brent rose 2.5 percent on Monday as reports of Libya's worst civil unrest since the civil war in 2011 fueled concerns over global oil supplies.

  • Whiting refinery ramp up timetable slips into 2014 Tuesday, 29 Oct 2013 | 10:37 AM ET

    LONDON, Oct 29- BP Plc's upgraded Whiting refinery in Indiana will not reach full production until the first quarter of 2014, its quarterly results showed on Tuesday, an apparent slippage in the ramp-up timetable.

  • *Ethanol business reports operating income vs loss year earlier. Oct 29- Valero Energy Corp's third-quarter profit beat analysts' estimates by a wide margin as the U.S. Gulf Coast refiner processed more crude oil and sold more ethanol at a higher price.

  • WASHINGTON, Oct 29- U.S. officials weighing the climate impact of the proposed Keystone XL oil pipeline connecting Canada to U.S. Gulf Coast refiners are zeroing in on the question of whether shipment by rail is a viable alternative to the controversial project, industry sources say.

  • *MRPL replaced Essar as top Indian oil client of Iran in Sept. NEW DELHI, Oct 29- India's crude imports from Iran fell 40 percent in the first nine months of this year as some refiners cut purchases from the sanctions-hit nation while waiting for New Delhi to back local insurers covering plants processing the oil.

  • Rising fortunes of Asia's energy sector     Monday, 28 Oct 2013 | 8:20 PM ET

    Vandana Hari, Asia Editorial Director at Platts talks about the changing face of global energy landscape and highlights the upcoming key players.

  • RIO DE JANEIRO, Oct 28- Brazil's state-run oil company Petrobras has proposed a new fuel-pricing plan, hoping to generate more cash and cut debt levels by improving the timing of gasoline and diesel price adjustments, Chief Financial Officer Almir Barbassa said on Monday.

  • NAIROBI, Oct 28- Tullow Oil's suspension of drilling in Kenya after weekend protests shows that popular impatience for a share of the spoils is compounding the problems energy firms face building an oil and gas industry from scratch in east Africa.

  • *Only offshore Bouri and Al Jurf oil platforms operating. LONDON/ TRIPOLI, Oct 28- Libya's oil exports have dropped to less than 10 percent of capacity as protests have halted operations at western ports and fields, frustrating government efforts to end a three-month stranglehold on the industry.

  • LONDON, Oct 28- Embattled European refiners face an uphill battle with U.S. and Asian competitors to supply Africa's rapidly growing appetite for fuel products as transatlantic shipping routes are redrawn.

  • *Market eyes talks between Iran and world powers this week. LONDON, Oct 28- Brent crude rose above $107 a barrel on Monday, ending three days of losses, after oil exports from Libya plunged following fresh unrest, reviving supply concerns.

  • LONDON, Oct 28- "Grangemouth now has a great future," its operator Ineos said on Friday, a remarkable turnaround from a week earlier, when the company described Scotland's sole refinery as financially distressed.

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