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Oil and Gas Oil and Gas Refining

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  • LONDON, Feb 23- Oil prices fell on Monday as worries about oversupply in North America and a strong dollar pushed Brent futures towards $59 a barrel and U.S. contracts below $49 a barrel. "The term structure of oil continues to weaken and inventories keep piling up," Bank of America Merrill Lynch said in a note. Brent crude was trading $1 lower at $59.34 at 1123 GMT.

  • *Morgan Stanley, Barclays, ANZ expect lower prices. SINGAPORE, Feb 23- Oil prices dipped on Monday on worries about oversupply in North America, with Brent futures testing support around $60 a barrel and U.S. contracts hovering around $50.70. WTI crude futures were trading down 9 cents at $50.72 a barrel by 0745 GMT.

  • *Record U.S. stocks to put pressure on prices- Morgan Stanley. SINGAPORE, Feb 23- Oil prices dipped on Monday on worries about oversupply in North America, with Brent futures testing support around $60 a barrel and U.S. contracts hovering around $50.50. Similar to last year, growing U.S. and Canadian production combined with refinery maintenance and an only...

  • SINGAPORE, Feb 23- Oil prices rose on Monday along with global markets, lifted by optimism that another euro zone crisis over Greek debt had been averted for now, although analysts said that crude markets remained oversupplied. Benchmark Brent crude futures were trading at $60.34 a barrel by 0532 GMT, up 12 cents from their last settlement, while U.S.

  • HOUSTON, Feb 22- The largest U.S. refinery strike in 35 years entered its fourth week on Sunday as workers at 12 refineries accounting for one-fifth of national production capacity were walking picket lines. Wal-Mart Stores Inc has said its U.S. workers will get a raise to at least $9 an hour, while West Coast port workers have reached a tentative deal for a new...

  • SINGAPORE, Feb 23- U.S. crude futures dropped on Monday as key producer Libya resumed oil exports from the eastern port of Zueitina after an almost year-long halt, adding to a global glut that has weighed on prices since June. *U.S. crude for April delivery was down 52 cents at $50.29 a barrel by 2338 GMT. *April Brent crude slipped 42 cents to $59.80 a barrel.

  • NEW YORK, Feb 22- The average price of a gallon of gasoline in the United States rose 13 cents in the past two weeks, bringing it up 26 cents since prices bottomed out after a nine-month slide ended in January, according to the Lundberg survey released on Sunday. "It was dropping dramatically for nine months straight and then it hit bottom, and now it's up 26 cents since...

  • *Exports of oil from Zueitina port resume. *Libya also hopes to restart Hariga port soon. BENGHAZI/ TRIPOLI, Libya, Feb 22- Libya has resumed oil exports from the eastern port of Zueitina after an almost year-long suspension and is also testing a pipeline to restart exports from Hariga port, officials said on Sunday.

  • NEW YORK, Feb 22- Late last November, the tanker Olympic Flag carrying 650,000 barrels of Angolan crude dropped anchor about 7 miles off the coast in Delaware Bay, a seemingly routine shipment destined for a nearby Philadelphia refinery. All six of the tankers appear to have been destined for Philadelphia Energy Solutions, the 335,000- barrel-per-day refinery...

  • HOUSTON, Feb 22- The largest U.S. refinery strike in 35 years entered its fourth week as workers at 12 refineries accounting for one-fifth of national production capacity were walking picket lines as of 12 a.m. CST on Sunday, according to union officials. After the latest breakdown between the two sides, Steelworkers leaders targeted Shell, which is the U.S. arm of...

  • HOUSTON, Feb 21- The U.S. refinery strike widened on its 20th day, with workers at the nation's largest refinery walking off jobs and joining picket lines on Saturday as the United Steelworkers union pushes for a new contract that improves wages and safety. Shortly after talks between union and oil company representatives ended on Friday night, the union...

  • Refinery strike widens to include largest U.S. refinery Saturday, 21 Feb 2015 | 3:45 AM ET
    Members of the United Steelworkers Union and other supporting unions picket outside the BP refinery on February 10, 2015 in Whiting, Indiana.

    The U.S. refinery strike widened, with workers at the nation's largest refinery walking off the job, the United Steelworkers union said.

  • HOUSTON, Feb 21- The U.S. refinery strike widened as workers at the nation's largest refinery walked off their jobs at 12 a.m. CST on Saturday, according to the United Steelworkers union. Shortly after talks between union and oil company representatives ended on Friday night, the union notified Motiva Enterprises of a strike by its members at the company's...

  • HOUSTON, Feb 20- The U.S. refinery strike was widening on Friday night as workers at the nation's largest refinery gave notice of a walkout beginning at 12 a.m. on Saturday, the United Steelworkers union said. The USW is also giving notices of strikes to begin in 24 hours at Motiva's refineries in Convent and Norco, Louisiana, and the Shell Oil Co. chemical plant in...

  • HOUSTON, Feb 20- The U.S. refinery strike was widening on Friday night as workers at the nation's largest refinery gave notice of a walkout beginning at 12 a.m. Saturday, said sources familiar with negotiations. Shortly after talks between union and oil company representatives ended on Friday night, the United Steelworkers union notified Motiva Enterprises of...

  • Shell says no agreement in U.S. refinery strike talks Friday, 20 Feb 2015 | 10:48 PM ET

    HOUSTON, Feb 20- Lead U.S. oil company negotiator Shell Oil Co said face-to-face negotiations on Friday with the United Steelworkers union failed to yield an agreement to end the 20- day-old U.S. refinery strike. Rumors about a tentative deal between the USW and Shell Oil, which is the U.S. arm of Royal Dutch Shell Plc, were being swapped through text messages, emails...

  • RIO DE JANEIRO, Feb 20- Brazil's state-run oil company Petroleo Brasileiro SA plans to complete repairs to a broken catalytic cracking unit at its REDUC refinery by March 7, the union representing workers at the plant said in a statement on Friday. Until the recent decline in world oil and fuel prices, Petrobras was forced by Brazil's government to sell imported...

  • SAN FRANCISCO, Feb 20- Los Angeles wholesale gasoline differentials rose on Friday as traders and refineries bought product in a market hampered by two oil refinery outages. March-delivery CARBOB gasoline in Los Angeles rose 7 cents to settle at 28 cents a gallon over April RBOB futures on the New York Mercantile Exchange in active trading, sources said.

  • NEW YORK, Feb 20- Crude prices ended mixed on Friday as the number of U.S. rigs drilling for oil fell far less than expected this week, while heating oil jumped 6 percent after severe winter cold crimped output at three refineries. "It's sell crude, buy products today," said Dominick Chirichella, senior partner at the Energy Management Institute in New York.

  • With the same winter chill boosting demand for home heating, U.S. heating oil futures jumped 6 percent as refineries, including the region's largest in Philadelphia, curtailed production, threatening a supply squeeze. Delta Air Lines Inc's 185,000- barrel-per-day refinery in Trainer, Pennsylvania, appeared to be hit hardest. Intelligence group Genscape...