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Oil and Gas Refining

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  • *Kurdish forces make progress in Iraq against militants. NEW YORK, Aug 18- Brent crude oil shed more than $2 a barrel to reach its lowest price in over a year on Monday as investor concerns over conflict in Ukraine and Iraq eased, and as higher Libyan oil output added to already ample supplies.

  • *Kurdish forces make progress in Iraq against militants. NEW YORK, Aug 18- Brent crude oil sunk by more than $2 a barrel to its lowest price in over a year on Monday as investor concerns over conflict in Ukraine and Iraq eased, and as higher Libyan oil output added to already ample supplies.

  • *Libya raises oil output to 535,000 bpd. *Kurdish forces make progress in Iraq against militants. LONDON, Aug 18- Oil fell below $102 a barrel to its lowest in over a year on Monday as investor concerns over conflict in Ukraine and Iraq eased, and as higher Libyan oil output added to already ample supplies.

  • *Kurdish forces make progress in Iraq against militants. LONDON, Aug 18- Oil fell more than $1 a barrel to trade below $103 on Monday as investor concerns over conflict in Ukraine and Iraq eased, and as higher Libyan oil output added to already ample supplies.

  • *Russia sees progress in Ukraine talks. SINGAPORE/ LONDON, Aug 18- Brent crude fell more than $1 to trade below $102.5 a barrel on Monday, as the threat of wider conflict in Ukraine diminished, oil output increased in Libya and worries eased over supply from key producer Iraq.

  • *Libya raises oil output to 535,000 bpd. SINGAPORE, Aug 18- Brent crude fell more than $1 to trade below $103 a barrel on Monday as Libya increased its oil output and as worries over supply from key producer Iraq eased. Brent crude for October delivery had fallen $1 to $102.53 a barrel by 0534 GMT, after trading as low as $102.35.

  • NEW YORK, Aug 18- Washington's decision to allow exports of an ultra light crude offers a potential boon to U.S. producers that will bypass drillers in the Permian basin, because the country's fastest growing shale play lacks pipelines or affordable trucking.

  • ZAGREB, Aug 17- A delivery of crude oil from Iraqi Kurdistan has arrived at Croatia's Adriatic sea port of Omisalj, a Croatian government source said on Sunday, confirming a report by daily newspaper Jutarnji List late on Saturday.

  • LONDON, Aug 15- Iraqi Kurdistan has delivered its third major cargo of crude oil out of a Turkish port and a fourth is sailing to Croatia, showing the autonomous region is finding more buyers despite legal pressure from Baghdad and setbacks in the United States.

  • Aug 15- The first new crude-by-rail project at a California refinery is likely to win approval next month after more than a year of scrutiny, the head of the Kern County planning division told Reuters, and it could help reopen the shuttered plant.

  • Mexico's Pemex poised to import light crude from U.S. Friday, 15 Aug 2014 | 12:28 PM ET

    Chief Executive Emilio Lozoya said in an interview late on Thursday that Pemex was very likely to start importing light crude from the United States in the next few months, to generate more value from the Mexico's six domestic refineries.

  • Aug 15- The first crude-by-rail project at a California refinery is likely to win approval next month after more than a year of scrutiny, the head of the Kern County planning division told Reuters, and it could help reopen the shuttered plant.

  • WASHINGTON/ CALGARY, Aug 14- Thousands of oil train tankers soon to be deemed obsolete in the United States are unlikely get a second life in Canada's oil sands industry, undercutting a U.S. government forecast that the costly cars will continue in use in the energy sector.

  • SEOUL, Aug 14- U.S. crude oil futures declined to below $97.50 a barrel on Thursday in early Asian trade, pressured by an unexpected rise in U.S. crude inventory and high oil output in the United States and OPEC member countries.

  • HOUSTON, Aug 11- U.S. refiner Axeon Specialty Products will not buy or accept delivery of any cargoes of disputed Kurdish crude oil for its Paulsboro, New Jersey, refinery, according to a company news release received on Monday.

  • HOUSTON, Aug 11- U.S. refiner Axeon Specialty Products said it won't buy or accept delivery of any cargoes of disputed Kurdish Shaikan crude oil for its Paulsboro, New Jersey refinery, according to a press release received on Monday.

  • MEXICO CITY, Aug 8- Two workers died after being overcome by a burst of flames in an accident that also injured 11 at a refinery in northern Mexico, state-run oil company Pemex said on Friday.

  • RIO DE JANEIRO, Aug 8- Profit at Brazilian state-run oil company Petrobras slumped 20 percent in the second quarter from a year earlier, the company said on Friday, as rising fuel imports, debt costs and operating expenses offset higher output and prices.

  • LONDON, Aug 8- Oil companies in Iraqi Kurdistan withdrew more staff on Friday as the United States launched airstrikes to defend the regional capital Arbil from Islamic State militants and Britain told its citizens to leave. London- listed Afren and Toronto- listed Oryx said on Friday they were cutting production at oilfields closest to the fighting.

  • WASHINGTON, Aug 7- The United States should lift its nearly four-decade ban on crude oil exports to help encourage domestic production, the Washington Post said in an editorial on Thursday. Booming shale oil production has led to an intense debate over the moratorium, which was imposed by Congress in 1975 in the wake of the Arab oil embargo.