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  • The Channel, which shut on Saturday due to an oil spill, has re-opened for all outbound ship traffic while the Intercoastal Waterway also has opened to eastbound traffic, but not westbound, the Coast Guard said around midday on Tuesday.

  • HOUSTON, March 25- The Houston Ship Channel, a waterway for carrying more than one-tenth of U.S. oil refining capacity, opened on Tuesday to limited barge traffic after being shut for three days following an oil spill, the Coast Guard said.

  • The Coast Guard said planes were to begin flying after sunrise across Galveston Bay to determine the location of 4,000 barrels, or 168,000 gallons, of heavy fuel oil spilled after a Kirby Inland Marine oil barge and a cargo ship collided on Saturday.

  • The Coast Guard said planes were to begin flying after sunrise across Galveston Bay to determine the location of 4,000 barrels, or 168,000 gallons, of heavy fuel oil spilled after a Kirby Inland Marine oil barge and a cargo ship collided on Saturday.

  • *Supply concerns stemming from Ukraine crisis check losses. SINGAPORE March 25- Brent crude fell towards $106.50 per barrel on Tuesday, dropping for a second straight session on disappointing manufacturing numbers from the world's biggest oil consuming nations, although supply concerns stemming from the Ukraine crisis checked losses.

  • *Coast Guard says will re-open channel' as soon as we can'. TEXAS CITY, Texas March 24- The closure of the vital Houston Ship Channel looked set to extend to a fourth day after the Coast Guard struggled to finish cleaning up after an oil barge spill on Monday, threatening to force deeper production cuts at local refiners.

  • *Coast Guard says will re-open channel' as soon as we can'. "We will begin the process of a tapered... not a floodgate resumption of marine traffic," Captain Brian Penoyer, commander of U.S. Coast Guard sector Houston- Galveston and captain of the Port of Houston, told reporters on Monday.

  • A Coast Guard spokesman declined to discuss the timeline. The closure of the channel on Saturday has led to a queue of more than 80 vessels trying to move into or out of the Gulf of Mexico, with shipping delays forcing Exxon Mobil Corp to cut production at its largest refinery.

  • HOUSTON, March 24- Exxon Mobil Corp cut production at its largest refinery on Monday as the U.S. Coast Guard was preparing for a possible re-opening of the Houston Ship Channel by late afternoon to return the supply of crude oil for more than one-tenth of the nation's refining capacity.

  • As of 7 a.m. CST, the channels to Houston and Texas City, Galveston and the Intracoastal Waterway remained shut near the entrance to Galveston Bay, where heavy fuel oil washed ashore and out into the Gulf of Mexico.

  • Houston area waterways shut for third day Monday, 24 Mar 2014 | 8:33 AM ET

    The Coast Guard said 43 ships were waiting to go out from the port of Houston and 38 ships were waiting to come in.

  • *Sale could raise $10- $20 billion- analysts. HONG KONG, March 24- State-run oil giant China Petroleum and Chemical Corp aims to wrap up the sale of up to 30 percent of its sprawling marketing buiness in the third quarter of this year, a restructuring analysts say could raise $10- $20 billion.

  • *Coast Guard says no timeline for reopening Houston Channel. TEXAS CITY, Texas, March 23- The closure of major Texas shipping channels that deliver crude to more than a tenth of the nation's refining capacity looked set to run to a third day as crews were still working on Sunday evening to clean up after an oil spill.

  • HONG KONG, March 23- China Petroleum and Chemical Corp reported a 35 percent drop in fourth quarter net profits, bigger than expected, as improved profitability at its refining division was offset by a dip in upstream earnings.

  • *Energy firms urged to do more to limit water use. *Water under strain from rising population, climate change. OSLO, March 21- Rising demand for energy, from biofuels to shale gas, is a threat to freshwater supplies that are already under strain from climate change, the United Nations said in a report on Friday.

  • NEW YORK, March 20- The number of Americans who believe U.S. oil should be kept on U.S. soil to lower gasoline prices rose in the last four months, according to a new Reuters/ Ipsos poll.

  • *PetroChina posts 21 pct yr-yr rise in Q4 net profit; 2013 profit up 12 pct. producer PetroChina Co Ltd said on. "Last year marked a turning point for PetroChina," Chairman Zhou Jiping told reporters after the company posted a 21 percent rise in fourth quarter net profit, largely due to government hikes in natural gas prices and an improvement in its refining business.

  • OTTAWA, March 19- When Greg Rickford, Canada's new natural resources minister, became the first Conservative ever to be elected to Parliament from northern Ontario's Kenora district, reports said he began his victory speech: "Mission impossible- accomplished."

  • *BP wins 24 bids for $41.6 million. HOUSTON, March 19- BP Plc rejoined bidders for exploration and production leases in the Gulf of Mexico on Wednesday and won 24 tracts after the U.S. government lifted a 16- month ban barring the company from new federal contracts.

  • BEIJING/ HONG KONG, March 18- Asia's top oil. refiner Sinopec Corp will set up a. The Hong Kong and Shanghai- listed company now has 23,000 such stores, with sales totalling 13.3 billion yuan in 2013, it said.

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