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Oil and Gas Refining

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  • LONDON, Sept 29- Brent crude oil fell below $97 a barrel on Monday, moving closer to a two-year low hit last week as weak data from major buyer China and a stronger U.S. dollar added to pressure from strong supplies. Brent for November delivery fell 61 cents to $96.39 a barrel by 0757 GMT.

  • TOKYO, Sept 29- Brent crude oil fell below $97 a barrel in Asian trade on Monday, moving closer to a two-year low hit last week due to weak data from major buyer China and a stronger U.S. dollar. The London benchmark has fallen from $115 in June as geopolitical tension in the Middle East has failed to derail petroleum output, while concerns about slow demand have grown.

  • TOKYO, Sept 29- Brent crude oil fell below $97 a barrel in Asian trade on Monday, moving closer to a two-year low hit last week due to weak data from major buyer China and a stronger U.S. dollar. The London benchmark has fallen from $115 in June as geopolitical tension in the Middle East has failed to derail petroleum output and concerns about slow demand have grown.

  • TOKYO, Sept 29- Brent crude oil fell below $97 a barrel in Asian trade on Monday, moving closer to a two-year low hit last week due to weak data from major buyer China and a stronger U.S. dollar. The London benchmark has fallen from $115 in June as geopolitical tension in the Middle East has failed to derail petroleum output and concerns about slow demand have grown.

  • *U.S. crude for November delivery had fallen 57 cents to $92.97 a barrel by 0007 GMT, after finishing $1.01 higher on Friday on the back of strong U.S. economic data.

  • CAIRO, Sept 28- Egypt plans to invest $14.5 billion in developing its refining and petrochemicals sectors over the next five years, its oil minister said, as part of efforts to overcome an energy crisis that has led to near-daily power cuts and hit company profits.

  • EGYPT PLANS TO INVEST $14.5 BLN IN OIL REFINERY, PETROCHEMICALS OVER FIVE YEARS- OIL MINISTER.

  • Oil and gas firms are "routinely" underpaying their workers, according to an investigation from ProPublica.

  • DUBAI/ LONDON, Sept 26- Iran on Friday urged OPEC members to make joint efforts to keep oil prices from falling further, highlighting a split with other members such as Saudi Arabia who face lower budget pressures despite a slide in prices towards $95 a barrel.

  • *Libya's oil output increases to 925,000 bpd. LONDON, Sept 26- Brent crude slipped below $97 a barrel on Friday and headed for a third straight month of declines as rising supplies outweighed fears that U.S.-led strikes against Islamist militants in Syria and Iraq could disrupt oil production.

  • *Libya's oil output increases to 925,000 bpd. LONDON, Sept 26- Brent crude held near $97 a barrel on Friday but headed for its biggest monthly drop since April 2013 as rising supplies outweighed fears that U.S.-led strikes against Islamist militants in Syria and Iraq would disrupt oil production.

  • Secretive Russian oil giant has no fear of sanctions Friday, 26 Sep 2014 | 6:33 AM ET

    Vladimir Bogdanov's Surgutneftegas has no Western debts, no foreign partners on its huge Siberian fields and uses no Western drilling technology, making it virtually immune to sanctions imposed on Russia to try and persuade it to change course over Ukraine.

  • UPDATE 4-Brent drops below $97 on rising supply Friday, 26 Sep 2014 | 5:28 AM ET

    *Libya's oil output rises to 925,000 bpd. LONDON, Sept 26- Brent crude fell below $97 a barrel on Friday and headed for its biggest monthly drop since April 2013 as rising supplies outweighed fears that U.S.-led strikes against Islamic militants in Syria and Iraq would disrupt oil production.

  • *Libya's oil output rises to 925,000 bpd. LONDON, Sept 26- Brent crude fell below $97 a barrel on Friday and headed for its worst month since April 2013 as rising supplies outweighed fears that U.S.-led strikes against Islamic militants in Syria and Iraq would disrupt oil production.

  • SINGAPORE, Sept 26- Brent crude traded near $97 a barrel on Friday, but was set for its third weekly fall in four, as hefty supplies erased price gains and outweighed concerns that rising tensions in the Middle East have disrupted supplies.

  • SINGAPORE, Sept 26- Brent crude slipped below $97 a barrel on Friday, set for its third weekly fall in four, as hefty supplies erased price gains and outweighed concerns that rising tensions in the Middle East could disrupt supply. France has joined a U.S.-led coalition which stepped up air strikes on Islamic State targets in Syria and Iraq.

  • SINGAPORE, Sept 26- U.S. oil futures steadied above $92 a barrel on Friday and were heading for a modest gain for a second week in a row on falling U.S. crude stocks, but investors were keeping an eye on the firmer dollar which has weighed on both commodities and equities. *U.S. crude for November delivery was up 5 cents at $92.58 a barrel by 0033 GMT.

  • UPDATE 8-Oil flat on strong dollar, abundant supplies Thursday, 25 Sep 2014 | 3:22 PM ET

    NEW YORK, Sept 25- Brent crude oil prices held steady while U.S. crude dipped slightly in choppy trading on Thursday as abundant supply and a strong U.S. dollar largely outweighed worries that conflict in the Middle East would disrupt output.

  • UPDATE 7-Oil steady on strong dollar, abundant supplies Thursday, 25 Sep 2014 | 1:30 PM ET

    NEW YORK, Sept 25 (Reuters)- Brent crude held steady in choppy trading on Thursday as abundant supply and a strong U.S. dollar largely outweighed worries conflict in the Middle East disrupting output.

  • TOBRUK, Libya, Sept 25- Libya's oil output has risen further, pushing world oil prices lower, defying the chaos of more fighting between the factions that divide the country and a government driven from the capital. There are still fears Libya could descend into all out civil war, with two parliaments and governments competing for legitimacy.