NEW DELHI, March 11- India has to cut its Iranian oil imports by nearly two-thirds from the first quarter after the United States asked it to hold the shipments at end-2013 levels, in keeping with the nuclear deal easing sanctions on Tehran, Indian government sources said.» Read More
*OPEC joins US in predicting stronger 2014 oil demand. LONDON, Feb 12- Brent crude rose above $109 a barrel on Wednesday, buoyed by expectations of strengthening global demand after OPEC raised its 2014 forecast and Chinese data showed oil imports hit a record high.
By Vladimir Soldatkin and Gleb Stolyarov. MOSCOW, Feb 12- Russian investment group Summa has bought out the world's largest oil trader as a partner in a firm building a terminal at the Dutch port of Rotterdam, which could damage its plan to establish Urals crude as a market benchmark.
LONDON, Feb 12- Brent crude oil edged above $109 a barrel on Wednesday on data showing Chinese oil imports hit a record high last month, raising hopes of strengthening demand from the world's No. 2 economy and biggest net oil importer.
SINGAPORE, Feb 12- Brent crude edged higher toward $109 a barrel on Wednesday after data showed Chinese oil imports hit a record high last month, raising hopes of continued growth in oil demand in the world's second largest economy.
NEW YORK, Feb 11- Brent oil rose slightly on Tuesday supported by demand for U.S. heating oil and gasoline, which gained on expectations that persistent cold weather in the United States will lead to another large draw in distillates. Instead, analysts looked to the American Petroleum Institute's weekly inventory report due out at 4:30 p.m. EST on Tuesday.
The world's second-largest oil consumer aims to add nearly 600,000 barrels in daily refining capacity in 2014, and was slated to bring on more before PetroChina delayed two startups and an expansion as 2013 oil demand growth dropped to a 22- year low.
*U.S. crude rises above $100 for first time in 2014. NEW YORK, Feb 7- Oil rose by more than $2 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.
*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.
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.