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Oil and Gas Refining

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  • *Ohio refinery to undergo turnaround in 4 Q. Aug 1- PBF Energy Inc is taking some crude by rail at its Ohio refinery via a third party, but the company may build its own offloading facility there, Chief Executive Officer Tom Nimbley told analysts on Friday.

  • LONDON, Aug 1- Brent crude oil fell to a two-week low on Friday, slipping towards $105 a barrel as oversupply in the Atlantic basin and low demand outweighed worries over political tensions in the Middle East, North Africa and Ukraine. Worries over geopolitical risks to oil supply have eased despite escalating violence in parts of the Middle East and North Africa.

  • LONDON, Aug 1- Brent crude oil fell below $106 a barrel on Friday as oversupply in the Atlantic basin and low demand outweighed worries over political tensions in the Middle East, North Africa and Ukraine. Worries over geopolitical risks to oil supply have eased despite escalating violence in parts of the Middle East and North Africa.

  • SINGAPORE, Aug 1- Brent crude held near $106 a barrel on Friday as ample supply continued to drag on prices a day after the benchmark posted its worst monthly performance since April 2013. U.S. crude futures for September delivery fell 16 cents to $98.01 a barrel, following a 6.8 percent decline last month, the biggest monthly loss since May 2012.

  • SINGAPORE, Aug 1- Brent crude held near $106 a barrel on Friday as ample supply continued to drag on prices a day after the benchmark posted its worst monthly performance since April 2013. U.S. crude futures for September delivery fell 13 cents to $98.04 a barrel, following a 6.8 percent decline last month, the biggest monthly loss since May 2012.

  • *CVR Refining said on Thursday that its 115,000- barrel-per-day Coffeyville, Kansas, refinery, which is a major consumer of West Texas Intermediate crude, could be down four weeks after a July 29 fire in the facility's isomerization unit.

  • LONDON, Aug 1- After a legal show-down in Texas this week, the outlook for a handful of tankers holding some $300 million worth of Kurdish oil is not looking good.

  • *OPEC oil output rises in July from June- Reuters survey. NEW YORK, July 31- U.S. crude oil tumbled more than $2 on Thursday, going below $98 a barrel, hitting the lowest level since March on news of a potentially lengthy shutdown at a Kansas oil refinery, while Brent also slipped amid signs of robust OPEC oil production.

  • *OPEC oil output rises in July from June- Reuters survey. NEW YORK, July 31- U.S. crude oil tumbled more than $2 on Thursday, going below $98 a barrel, hitting the lowest level since March on news of a potentially lengthy shutdown at a Kansas oil refinery, while Brent also slipped amid signs of robust OPEC oil production.

  • *OPEC oil output rises in July from June- Reuters survey. NEW YORK, July 31- U.S. crude oil tumbled to a more than four-month low under $100 a barrel on Thursday on news of a potentially lengthy shutdown at a key oil refinery in Kansas, while Brent also slipped amid signs of robust OPEC oil production.

  • NEW YORK, July 31- U.S. crude oil futures plunged by nearly $2 and Brent crude oil futures fell by more than $1 per barrel on news that the 115,000- barrel-per-day Coffeyville, Kansas, refinery could be down for four weeks following a July 29 fire.

  • *Klesch buys Milford Haven refinery from Murphy Oil. LONDON, July 31- U.S. entrepreneur Gary Klesch is buying the Milford Haven oil refinery on the coast of Wales, safeguarding around 450 jobs and betting an ailing European refining industry can only move up.

  • CRUDE OIL PLUNGES ON EXTENDED COFFEYVILLE, KANSAS REFINERY OUTAGE.

  • LONDON, July 31- Britain imported more oil products than it exported last year for the first time in 30 years, an official report shows, and analysts say the country is likely to stay dependent on overseas oil as its refineries close.

  • July 31- Marathon Petroleum Corp, the third-largest standalone U.S. refining company, said its quarterly profit rose 44 percent, helped by higher crude refining margins on the Gulf of Mexico coast.

  • OPEC oil output rises in July on fragile Libyan rebound Wednesday, 30 Jul 2014 | 8:08 AM ET

    That could hinder OPEC's ability to boost output later in the year, when the International Energy Agency expects demand for OPEC crude to rise. Outages in the group, such as in Iraq and Libya, are effectively helping OPEC to balance the market, rather than voluntary cutbacks, say analysts.

  • Valero second-quarter profit rises Wednesday, 30 Jul 2014 | 7:57 AM ET

    July 30- Valero Energy Corp, the largest U.S. independent refiner, on Wednesday reported an increase in quarterly profit as the company processed higher volumes of crude oil. San Antonio- based Valero said second-quarter profit rose to $651 million, or $1.22 per share, from $463 million, or 84 cents, in the same period a year earlier.

  • July 30- Cenovus Energy Inc, Canada's No.2 independent oil producer, said its second-quarter profit more than tripled, helped by increased production at its Christina Lake oil sands project in northern Alberta.

  • UPDATE 3-Brent steady around $108 in range-bound market Wednesday, 30 Jul 2014 | 4:40 AM ET

    *U.S., EU impose more sanctions on Russia over Ukraine. *Libya says oil output stays at 500,000 bpd despite unrest. The European Union and the United States imposed further sanctions against Russia on Tuesday, targeting its energy banking and defense sectors in the strongest international action yet over Moscow's support for rebels in Ukraine.

  • UPDATE 2-Brent hovers near $107.50; U.S. data, Fed eyed Wednesday, 30 Jul 2014 | 3:14 AM ET

    *U.S., EU impose more sanctions on Russia over Ukraine. The focus is now on Russia and how President Vladimir Putin will react to further sanctions imposed by the European Union and the United States.