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Oil and Gas Oil and Gas Refining

  • *OPEC pumps 221,000 bpd less in Dec than in Nov. LONDON, Jan 18- Oil prices fell on Wednesday on expectations that U.S. producers would boost output, just as OPEC signaled that a global supply-reduction deal will shrink the oil glut this year. Brent crude futures, the international benchmark for oil prices, were down 75 cents $54.72 a barrel at 1230 GMT.

  • LONDON, Jan 18- Oil prices fell on Wednesday on expectations that U.S. producers would boost output. Brent crude futures, the international benchmark for oil prices, were down 82 cents $54.65 a barrel at 1008 GMT. Representative Ryan Zinke of Montana, President-elect Donald Trump's nominee for interior secretary, on Tuesday said he would consider an expansion of...

  • SINGAPORE, Jan 18- Oil prices rose on Wednesday with a weaker dollar underpinning the market, although gains were limited by expectations that U.S. producers would boost output. West Texas Intermediate crude oil futures were trading up 22 cents at $52.70 per barrel at 0742 GMT. "U.S. oil has been supported by considerable weakening in the U.S. dollar over the last 24...

  • SINGAPORE, Jan 18- Oil prices rose on Wednesday with a weaker dollar underpinning the market, although gains were limited by expectations that U.S. producers would boost output. West Texas Intermediate crude oil futures were trading up 17 cents at $52.65 per barrel at 0448 GMT. Brent crude futures, the international benchmark for oil prices, were up 17 cents...

  • SINGAPORE, Jan 18- Oil prices edged higher on Wednesday with a weaker dollar underpinning the market, although gains were limited by expectations that U.S. producers would boost output. West Texas Intermediate crude oil futures were trading up 16 cents at $52.64 per barrel at 0214 GMT. "A combination of a weaker U.S. dollar and supportive comments from Saudi...

  • *Rising U.S. production seen offsetting OPEC cuts. LONDON, Jan 17- Oil prices rose on Tuesday, supported by a falling U.S. dollar and Saudi Arabia saying it would adhere to OPEC's commitment to cut output. Brent crude futures, the international benchmark for oil prices, were up 76 cents at $56.52 a barrel by 1451 GMT, having risen earlier by more than $1 to a session high...

  • *Rising U.S. production seen offsetting OPEC cuts. LONDON, Jan 17- Oil prices rose on Tuesday, supported by a falling U.S. dollar and Saudi Arabia saying it would adhere to OPEC's commitment to cut output. Brent crude futures, the international benchmark for oil prices, were up 66 cents at $56.52 a barrel by 1304 GMT.

  • *Rising U.S. production seen offsetting OPEC cuts. LONDON, Jan 17- Oil prices rose on Tuesday, supported by a falling U.S. dollar and Saudi Arabia saying it would adhere to OPEC's commitment to cut output. Brent crude futures, the international benchmark for oil prices, were up 77 cents at $56.63 per barrel at 1020 GMT.

  • *Refinery outages hit crude demand just as OPEC cuts production. The higher Asian refining margins have beat back concerns that profits would fall as crude oil prices gained as the Organization of the Petroleum Exporting Countries and non- OPEC producers began to implement their agreed production cuts from January to reduce global oversupply.

  • SINGAPORE, Jan 17- Oil prices were mixed on Tuesday, supported by Saudi Arabia saying it would adhere to a commitment to cut output, but held back by rising U.S. production and scepticism that OPEC as a whole would comply with its commitments to reduce supplies. Traders said markets were receiving some support from top crude exporter Saudi Arabia, which said it...

  • SINGAPORE, Jan 17- Oil prices were mixed on Tuesday, supported by Saudi Arabia saying it would adhere to a commitment to cut output, but held back by rising U.S. production and skepticism that OPEC as a whole would comply with its commitments to reduce supplies. Traders said markets were receiving some support from top crude exporter Saudi Arabia, which said it...

  • *Rising U.S. production seen offsetting OPEC cuts. SINGAPORE, Jan 17- Oil dipped on Tuesday on lingering concerns over global fuel oversupply due to rising U.S. output and doubts that OPEC and other producers would adhere to commitments to cut output in an effort to balance markets and prop up prices. Brent crude futures, the international benchmark for oil prices,...

  • SINGAPORE, Jan 17- Oil markets were mixed on Tuesday, supported by growth in U.S. crude production and Saudi Arabia saying it would strictly adhere to a commitment to cut output, but held back by skepticism in financial markets that oversupply would be curbed. West Texas Intermediate crude oil futures were trading up 2 cents at $52.39 per barrel at 0540 GMT.

  • SINGAPORE, Jan 17- Oil markets were mixed on Tuesday, supported by growth in U.S. crude production and Saudi Arabia saying it would strictly adhere to a commitment to cut output, but held back by scepticism in financial markets that oversupply would be curbed. West Texas Intermediate crude oil futures were trading up 2 cents at $52.39 per barrel at 0540 GMT.

  • SINGAPORE, Jan 17- Oil markets were mixed on Tuesday, supported by Saudi Arabia saying it would strictly adhere to a commitment to cut output, but held back by skepticism in financial markets that oversupply would be curbed. West Texas Intermediate crude oil futures were trading up 8 cents at $52.45 per barrel at 0231 GMT. Traders said markets were receiving some...

  • SINGAPORE, Jan 17- Oil markets were mixed on Tuesday, supported by Saudi Arabia saying it would strictly adhere to a commitment to cut output, but held back by scepticism in financial markets that oversupply would be curbed. West Texas Intermediate crude oil futures were trading up 8 cents at $52.45 per barrel at 0231 GMT. Traders said markets were receiving some...

  • LAUNCESTON, Australia, Jan 16- There is little doubt China's crude oil imports enjoyed a robust 2016, hitting a record high. The International Energy Agency estimates global oil demand growth was about 1.4 million bpd in 2016, not much more than the combined growth in imports of China and India. Another key to the outlook for China's crude demand is how much the...

  • *Refinery expected to be back online this week- source. SINGAPORE/ DUBAI, Jan 16- Abu Dhabi National Oil Company has shut half the capacity at its 800,000 barrels-per-day Ruwais refinery after a fire there last week, three industry sources familiar with the matter said on Monday. The refinery mainly processes ADNOC's flagship Murban crude and the producer has...

  • MEXICO CITY, Jan 13- Mexico's Pemex has begun selling heavy Maya crude for the first time since 2008 to U.S. West Coast refiners, the head of the state oil company's international trading arm said on Thursday. Pemex, short for Petróleos Mexicanos, will also market more light Isthmus crude this year to the U.S. West Coast, with most, if not all of it, destined for...

  • MEXICO CITY, Jan 13- Mexico's Pemex has begun selling heavy Maya crude for the first time since 2008 to U.S. West Coast refiners, the head of the state oil company's international trading arm said on Thursday. Separately, Pemex's top oil trader said it is too soon to speculate about any impact on energy trade flows between the United States and Mexico if the next U.S....