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  • NEW YORK, Aug 13- Retail gasoline prices in Midwest states have jumped as much as 33 cents in a week and could top $3 a gallon as soon as next week as the impact of an unexpected shutdown of a key unit at the region's biggest refinery shows up at the pump, motorist advocacy group AAA said on Thursday. While national prices for regular gasoline have been flat this week and...

  • *U.S. crude hit low just cents above March 2009 low of $42.03. NEW YORK, Aug 13- U.S. oil futures fell more than 2 percent on Thursday to trade near their lowest price in six and a half years, as data showing a big rise in key U.S. stockpiles intensified worries over a growing global glut. Oil has fallen by nearly a third since late June, a decline that continued this week after...

  • The front-month in crude futures on the New York Mercantile Exchange was down $1.10, or 2.5 percent, at $42.20 a barrel by 10:55 a.m. EDT. The session low was $42.07, just above the year's bottom of $42.03 hit in March. Traders said repairs at BP Plc's refinery Whiting, Indiana that could last at least a month, idling some 240,000 barrels per day of crude distillation.

  • NEW YORK, Aug 12- Oil ended up on Wednesday as a weaker dollar and lower U.S. crude stockpiles provided a modest bounce off six-year lows hit the previous session, when worries about China's plummeting currency and economic slowdown deflated prices. "The market needed a big drawdown to reverse the current trends and didn't get it," said Chris Jarvis, analyst at...

  • Oil ends up 0.5% on stockpile decline, dollar drop Wednesday, 12 Aug 2015 | 1:31 PM ET
    A worker inspects valves and pipes at an oil gathering station in Russia.

    Oil prices steadied Wednesday as a weaker dollar and lower U.S. crude stockpiles provided a modest bounce off six-year lows.

  • UPDATE 9-Oil steady on U.S. stockpile decline, dollar drop Wednesday, 12 Aug 2015 | 12:35 PM ET

    NEW YORK, Aug 12- Oil prices steadied on Wednesday as a weaker dollar and lower U.S. crude stockpiles provided a modest bounce off six-year lows hit the previous session, when worries about China's plummeting currency and economic slowdown sank prices. "The market needed a big drawdown to reverse the current trends and didn't get it," said Chris Jarvis, analyst at...

  • HOUSTON, Aug 11- Heavy damage to the largest crude distillation unit at BP Plc's 413,500- barrel-per-day Whiting, Indiana, refinery will require at least a month to repair, sources familiar with the refinery's plans said on Tuesday. BP spokesman Scott Dean declined to discuss operations at the oil major's largest refinery in the United States.

  • US oil snaps 3-day losing streak, ends up 2.48% Monday, 10 Aug 2015 | 2:30 PM ET
    The Fawley oil refinery and Hamble oil terminal are seen on January 7, 2015 in Southampton, England.

    Crude oil prices snapped a three-session losing streak after a rally in U.S. gasoline and diesel.

  • In Monday's session, gasoline futures jumped almost 4 percent, heading for its largest daily gain in a month, after BP Plc's 240,000 barrel per day crude distillation unit at its Whiting, Indiana, refinery, was shut by a malfunction on Saturday, sources familiar with operations at the plant said. Brent crude was up $1.47, or 3 percent, at $50.08 a barrel by 12:53 p.m....

  • In Monday's session, gasoline futures jumped about 3 percent, heading for its largest daily gain in a month, after BP Plc's 240,000 barrel per day crude distillation unit at its Whiting, Indiana, refinery, was shut by a malfunction on Saturday, sources familiar with operations at the plant said. Brent crude was up $1.28, or 2.6 percent, at $49.89 a barrel by 11:00 a.m....

  • HOUSTON, Aug 5- As oil prices entered a second steep slide a few weeks ago, bullish traders and analysts had hoped for a repeat of the sharp but short dip that occurred early in the year- a speculative slide below $50 a barrel followed by a quick recovery. Some are now reconsidering that view, as long-term oil prices take the lead in the market's latest dive, swaying...

  • Chevron's ugly earnings put focus on oil dividends Friday, 31 Jul 2015 | 2:12 PM ET

    Chevron earnings fell well below expectations Friday, raising new questions about shareholder returns at a time when oil prices are sliding again.

  • July 31- Weak oil prices shriveled quarterly profit at Exxon Mobil Corp and Chevron Corp on Friday, compelling both companies to rethink operations and plan for what many expect to be a sustained period of cheap crude. Evan Calio, an analyst with Morgan Stanley, said on Exxon's earnings conference call that the oil giant appeared to be less vocal than its peers...

  • Looking for yield? Big oil wants you Thursday, 30 Jul 2015 | 1:57 PM ET
    A BP employee uses ultrasound to scan a section of pipe along an oil transit pipeline at Prudhoe Bay oil field on Alaska's North Slope.

    Oil majors trim everything but dividends

  • July 30- Oil and gas producer Penn Virginia Corp had put itself on the block but received no "credible bids," Chairman Edward Cloues said on Thursday, a day after the company cut its 2015 production forecast. Penn Virginia's shares plunged 35 percent to an all-time low of $1.33, valuing the company at about $96 million. Radnor, Pennsylvania- based Penn Virginia is an...

  • CALGARY, Alberta, July 29- Canada's Conservative government is studying whether to extend Arctic drilling licenses, a move that could open the door to relinquishing millions of dollars in deposits paid by major energy companies. The government review began after Imperial Oil Ltd said last month it and partners Exxon Mobil Corp and BP Plc needed more time...

  • Oil stocks rally after inventory data Wednesday, 29 Jul 2015 | 2:38 PM ET
    Stacked rigs are seen along with other idled oil drilling equipment in Dickinson, North Dakota, June 26, 2015.

    A large draw down in crude inventories has taken everyone by surprise.

  • Total profit beats despite oil price slump Wednesday, 29 Jul 2015 | 2:17 AM ET

    Oil giant Total reported that net profit fell 2 percent in the second quarter, as the company sped up its cost-cutting drive.

  • I’m investing here, avoiding this: Leon Cooperman Tuesday, 28 Jul 2015 | 6:43 PM ET
    Leon Cooperman

    Leon Cooperman wouldn't be buying energy stocks aggressively, but here is where he is putting his money.

  • 'Good selling opportunity' in oil stocks: Expert Tuesday, 28 Jul 2015 | 3:42 PM ET
    Technicians prepare oil drilling equipment to be used at Vaca Muerta Shale oil reservoir in Loma Campana. YPF has an agreement with US Chevron to exploit Vaca Muerta.

    While big-name oil stocks rose in tandem with the commodity Tuesday, they're still slated to struggle, one industry analyst said.