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  • *BP blames competition from mega-refineries in Asia. SYDNEY, April 2- BP is ceasing production at its Bulwer Island refinery in Brisbane, Australia by mid 2015, blaming competition from new mega-refineries in Asia that are cheaper to operate.

  • *BP blames competition from mega-refineries in Asia. SYDNEY, April 2- BP said on Wednesday it will cease production at its Bulwer Island refinery in Brisbane by mid 2015, blaming competition from large, more cost-effective, refineries in Asia that has piled pressure on smaller plants in Australia.

  • SYDNEY, April 2- BP said on Wednesday it will cease production at its Bulwer Island refinery in Brisbane by mid 2015 as it restructures its struggling refining and marketing business in Australia.

  • NEW YORK, March 31- Last year's spike in the price of ethanol blending credits cost independent refiners at least $1.35 billion, more than three times as much as the year before, according to a Reuters' review of securities filings.

  • ALMATY, March 27- A consortium developing Kazakhstan's $50 billion Kashagan oilfield said the result of a probe into a toxic gas leak there was now expected in the second quarter, extending the closure of one of the world's biggest oil finds.

  • *Cargill gains access to sugar in top producer Brazil. *Venture may limit options for smaller Brazil mills. Cargill will gain access to sugar in Brazil, the world's top producer, without the financial burden of buying and operating assets, while Copersucar will expand its global footprint and secure Cargill's market know-how, analysts said.

  • *Venture may limit options for smaller Brazil mills. LONDON, March 27- U.S.-based agribusiness and global commodities trader Cargill said it was forming a joint sugar trading business with Brazil's Copersucar, which is likely to be the world's largest.

  • FACTBOX-Details on Brazilian sugar trader Copersucar Thursday, 27 Mar 2014 | 11:58 AM ET

    SAO PAULO, March 27- Brazilian sugar trader Copersucar and U.S. commodities company Cargill said on Thursday they would merge their sugar trading operations in a 50-50 joint venture to create a global juggernaut. Following are some facts about Copersucar:. *The 47 mills crush 120 million tonnes of cane a year, or a fifth of Brazil's main center-south cane crop.

  • ALMATY, March 27- A consortium developing Kazakhstan's huge Kashagan oilfield said on Thursday the results of a probe into an industrial accident there were now expected in the second quarter of 2014, and it was unclear when crude production can be restarted.

  • LONDON, March 27- Brent crude oil rose towards $108 a barrel on Thursday, supported by worries about potential supply disruption due to the possibility of Western sanctions on Russia's energy sector.

  • LONDON, March 27- Brent crude oil held steady around $107 a barrel on Thursday, underpinned by worries about potential supply disruption due to the possibility of Western sanctions on Russia's energy sector.

  • President Barack Obama hinting at tougher economic sanctions against Russia, including in the energy sector. The United States and the European Union agreed on Wednesday to work together to prepare possible further economic sanctions in response to Russia's actions in Ukraine and to make Europe less dependent on Russian gas.

  • President Barack Obama hinting at tougher economic sanctions against Russia, including in the energy sector. The United States and the European Union agreed on Wednesday to work together to prepare possible further economic sanctions in response to Russia's actions in Ukraine and to make Europe less dependent on Russian gas.

  • NEW YORK, March 26- U.S. crude gained more than $1 per barrel on Wednesday as inventories at the future's delivery point dropped for the eighth straight week, while Brent held steady, supported by supply outages in Nigeria and Libya and tensions over Russia's annexation of Crimea.

  • UPDATE 7-Brent falls, U.S. crude rises as spread narrows Wednesday, 26 Mar 2014 | 12:20 PM ET

    *Cushing stocks down 1.3 million- EIA. That 1.3 million barrel draw at Cushing was larger than reported by industry group the American Petroleum Institute on Tuesday, and overshadowed a larger-than-expected 6.6 million-barrel build in crude stocks nationally.

  • *U.S. considers using gas exports to counter Russia in Europe. GOYANG, South Korea, March 26- Asian natural gas buyers are counting on higher prices and growing demand to lure most North American gas shipments their way, even as U.S. lawmakers consider speeding up export approvals to cut Europe's dependence on Russia for the fuel.

  • LONDON, March 26- Brent crude oil rose above $107 per barrel on Wednesday as a disruption in supply from Nigeria and Libya supported prices, while promising data from top consumer the United States also boosted investor sentiment. Brent for May delivery rose 25 cents to $107.24 by 0907 GMT, after closing up 18 cents in the previous session.

  • SINGAPORE, March 26- Brent crude futures rose above $107 per barrel on Wednesday amid a disruption in supply from Nigeria and Libya, while promising data from top consumer United States also supported prices. Brent crude for May delivery rose 19 cents to $107.18 by 0600 GMT, after closing up 18 cents in the previous session.

  • Brent rises above $107 on supply concerns, strong US data Wednesday, 26 Mar 2014 | 1:08 AM ET

    SINGAPORE, March 26- Brent crude futures rose above $107 per barrel on Wednesday amid a disruption in supply from Nigeria and Libya, while promising data from top consumer United States also supported prices. Brent crude for May delivery rose 21 cents to $107.20 by 0459 GMT, after closing up 18 cents in the previous session.

  • *Coast Guard opens Houston Channel for oil tankers. NEW YORK, March 25- Brent crude oil futures rose on Tuesday on renewed geopolitical risk over Russia and supply disruptions in Nigeria and Libya, while U.S. crude was pressured by a stronger U.S. dollar.

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