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Oil and Gas Oil and Gas Refining

  • Nov 30- U.S. crude oil stockpiles fell unexpectedly last week, while distillate inventories rose sharply, the Energy Information Administration's data showed on Wednesday. Crude stocks fell sharply on the U.S. East Coast- the biggest weekly draw since May 2004- to 14 million barrels, their lowest level since July 2015. "Crude inventories have yielded a modest...

  • TOKYO, Nov 30- Japan's total oil sales reached a 34- year low for the month of October, hurt by slow demand for fuel oil, kerosene and gas oil, trade ministry data showed on Wednesday. Sales of' fuel oil B, C', varieties used for power generation and shipping, were down 2 percent at 189,292 bpd, the lowest for the month since 1959. Japan's crude oil imports in October fell 2.1...

  • SINGAPORE, Nov 30- Indonesia's Pertamina is seeking a new crude processing agreement for its 2017 Iraqi crude allocations as the firm's current processing agreement with Shell expires in December. The processing agreement will last for 12 months starting January 2017, and both Iraqi Basra Light and Heavy crude grades could be supplied by the Indonesian oil...

  • *180- cst refining margin to Dubai crude narrowest in nearly 5 yrs. SINGAPORE, Nov 29- Singapore's benchmark 180- cst fuel oil refining margins settled on Tuesday at their narrowest discount to Dubai crude in almost five years on the back of robust seasonal demand, limited supplies and falling crude prices ahead of an OPEC meeting on Wednesday.

  • *OPEC could agree first output cut in nearly a decade. *Asia, no. 1 oil user region, already imports non- OPEC oil. As they gather, tanker shipments to Asia from non- OPEC sources like Alaska, Azerbaijan, and the North Sea are growing, according to shipping data in Thomson Reuters Eikon.

  • *OPEC could agree first output cut in nearly a decade. *Asia, no. 1 oil user region, already imports non- OPEC oil. As they gather, tanker shipments to Asia from non- OPEC sources like Alaska, Azerbaijan, and the North Sea are growing, according to shipping data in Thomson Reuters Eikon.

  • Prague's main stock index fell by 0.9 percent and Warsaw's blue-chip index dropped by 0.7 percent. The stocks of Czech energy group CEZ dropped 1.9 percent and Poland's top refiner PKN Orlen shed 1.1 percent. Erste Bank shares fell 1.2 percent in Prague.

  • VANCOUVER, Nov 28- If Canada approves Kinder Morgan's Trans Mountain pipeline expansion, the company's four-year campaign for the project will be far from over. The pipeline ends at Burnaby, part of Vancouver's urban sprawl, which already hosts fuel tanks and the marine terminal for the existing pipeline, as well as a refinery. In opposition to further...

  • CARACAS, Nov 27- Venezuela's Puerto La Cruz refinery was hit by a blackout on Sunday night, a union leader and workers said, adding to refining troubles in the oil-rich country although the complex was barely operational before the outage. "There's a generalized blackout at the Puerto La Cruz refinery," union leader Jose Bodas told Reuters on Sunday.

  • A ship building yard in Singapore.

    One-time spice capital Malacca is pumping nearly $3B into a plan to put itself in demand in a different hot commodity - oil.

  • CARACAS, Nov 23- Oil-rich Venezuela's refinery network was operating at about a third of capacity, according to union sources and workers, as state oil company PDVSA struggles with equipment issues after years of underinvestment. Venezuela's biggest refinery, 645,000- barrel-per-day Amuay refinery, was operating at only 260,000 bpd with two of its five...

  • Nov 23- U.S. crude oil stocks fell last week after three straight weeks of builds as imports dropped and refineries hiked output, while gasoline inventories rose sharply amid weak demand, U.S. Energy Information Administration data showed on Wednesday. Crude oil prices were relatively steady after the data, as the market continues to ready for next week's...

  • NEW YORK, Nov 23- Exxon Mobil' s giant oil refinery in Baton Rouge, Louisiana, was operating at planned rates on Wednesday after a fire Tuesday, according to a person familiar with the plant's operations. The refinery is the fourth-largest in the United States, with capacity to refine 502,500 bpd in crude oil. Four people remained in critical condition after the fire,...

  • HOUSTON, Nov 22- Four people were in critical condition after a fire hit a giant Exxon Mobil refinery in Baton Rouge, Louisiana, on Tuesday, a local hospital said. Exxon said the fire was extinguished around 4 p.m. and the company had accounted for all staff at the refinery. Baton Rouge General Hospital said four people in critical condition were admitted to the...

  • HOUSTON, Nov 22- Four people were injured in a small fire on Tuesday afternoon at ExxonMobil Corp's refinery and chemical plant complex in Baton Rouge, Louisiana, the company said on Tuesday. Baton Rouge General Hospital prepared for four people to be admitted to the regional burns unit, a hospital spokesperson said. The refinery is the fourth-largest in the...

  • HOUSTON, Nov 22- A fire hit ExxonMobil Corp's refinery and chemical plant complex in Baton Rouge, Louisiana, the company said on Tuesday. Baton Rouge General Hospital was preparing for four people to be admitted to the regional burns unit, a hospital spokesperson said. The plant is the fourth-largest refineries in the United States, with capacity to refine...

  • KAMPALA, Nov 22- Oil firms including China's Sinopec have expressed an interest in developing Uganda's planned oil refinery and an investor for the project will be selected by February 2017, a top government official said on Tuesday. Energy and Mineral Development Minister Irene Muloni told an oil conference in Kampala that some new firms had expressed...

  • Nov 21- Tesoro Logistics LP said on Monday it would buy crude oil, natural gas and other gathering systems in North Dakota from a consortium for about $700 million. Tesoro Logistics also said it would buy terminal and storage assets located in Martinez, California from a subsidiary of oil refiner Tesoro Corp for about $400 million. The consortium selling the...

  • VANCOUVER, Nov 20- The bullish view for Suncor Energy Inc, Cenovus Energy Inc and other Canadian energy producers calls for Prime Minister Justin Trudeau by next month to approve a major pipeline expansion to the west coast, boosting sales of land-locked oil sands crude to Asia. Natural Resources Minister Jim Carr told reporters Tuesday that Keystone "doesn't...

  • Oil rig afloat on the waters in Alaska

    The Obama administration on Friday blocked the sale of new permits to drill oil and gas in the Chukchi and Beaufort Seas off Alaska.