Oil and Gas Oil and Gas Refining

  • LONDON, May 17- Mexico's oil consumption has started growing again in 2016 after declining for three years between 2013 and 2015.. Mexico is the twelfth-largest oil consumer in the world and second-largest in Latin America after Brazil. U.S. refineries provide more than half of Mexico's gasoline imports, and Mexico accounts for about half of all U.S. gasoline...

  • HOUSTON, May 16- A coking unit at LyondellBasell Industries' Houston refinery is expected to restart between late May and mid-June for the first time since being damaged in an April 8 fire, Gulf Coast market sources said on Monday. "It won't be back by Memorial Day," one of the sources said about the coker referring to the national holiday on May 30.

  • HOUSTON, May 16- A coking unit at LyondellBasell Industries' refinery in Houston is expected to restart between late May and mid-June for the first time since being damaged in an April 8 fire, Gulf Coast market sources said on Monday.

  • ABUJA, May 16- Nigeria's oil production has fallen by almost 40 percent to 1.4 million barrels a day due to militant attacks on facilities in the Delta region, its oil minister said on Monday. Emmanuel Ibe Kachikwu's comments come amid a resurgence of militancy in the southern region which produces most of the crude oil that Nigeria relies on for around 70 percent...

  • NEW YORK/ LONDON, May 16- Libya will resume oil shipments from the port of Marsa El Hariga after an agreement was reached at talks in Vienna between rival oil officials representing the east and west of the country, Libyan oil sources told Reuters. The NOC in Tripoli, which is keen to work with a new U.N.-backed unity government to revive Libya's oil production, said...

  • BANGKOK, May 16- U.S. oil firm Chevron plans to lay off 800 staff this year in Thailand as it looks to cut $500 million in costs at the Thai business to weather the fall in global oil prices, the company said on Monday. Thailand relies on gas to fuel around 60 percent of its power generation capacity. Chevron aimed to make savings of $500 million in Thailand this year, he...

  • *U.S., China output also down sharply. LONDON, May 16- Oil prices jumped over 2 percent on Monday to their highest since November 2015 on growing Nigerian oil output disruptions and after long-time bear Goldman Sachs said the market had ended almost two years of oversupply and flipped to a deficit. Brent crude futures were trading at $48.83 per barrel at 1118 GMT, up...

  • *Major oil exporters Nigeria, Venezuela in crisis. *U.S., China output also down sharply. SINGAPORE/ LONDON, May 16- Oil prices jumped over 2 percent on Monday to their highest since October 2015 on growing Nigerian oil output disruptions and after long-time bear Goldman Sachs said the market had ended almost two years of oversupply and flipped to a deficit.

  • ORANJESTAD, May 13- The Citgo Petroleum refining unit of Venezuela's state oil company Petroleos de Venezuela SA has reached a deal to lease and restart an idled 235,000- barrel-per-day refinery in Aruba, the government of the Caribbean island said on Friday. The agreement involves a 25- year lease that would allow Citgo to operate the refinery after...

  • MEXICO CITY, May 13- Mexico's state-owned oil company Pemex is seeking partners to operate its money-losing refineries and plans to "dilute" its ownership in the plants, even selling majority stakes, the firm's financial chief said on Friday. Chief Financial Officer Juan Pablo Newman said in an interview Pemex is seeking private sector expertise to make its six...

  • INTERVIEW- MEXICO'S NATIONAL OIL COMPANY PEMEX OPEN TO HOLDING ONLY MINORITY STAKES IN ITS REFINERIES, SEEKING PARTNERS TO OPERATE AND INVEST IN THEM- CFO.

  • *Delta swamps home to much of Nigeria's oil wealth. YENAGOA/ ABUJA, Nigeria, May 13- They call themselves the Niger Delta Avengers. Little is known about the new radical group that has claimed a series of pipeline bombings in Nigeria's oil-producing region this year and evaded gunboats and soldiers trawling swamps and villages.

  • SINGAPORE, May 13- Asia's refined product markets are being swamped by a wave of gasoline as a long-lasting crude oil glut spills into the one fuel market refiners had hoped would save them, ruining margins and dragging down share prices across the region. Singapore's benchmark gasoline margins- long the bright spot for Asia's oil processors amid rock-bottom...

  • HOUSTON, May 12- Argentina aims to stop importing light crude this year while increasing domestic refining operations, Energy Minister Juan Jose Aranguren said on Thursday. President Mauricio Macri promises to increase investment in the energy sector, particularly in renewable energy and the sprawling Vaca Muerta shale formation in Patagonia, as part of...

  • *OPEC to focus on dialogue, not action at June meet- Kuwait. LONDON, May 12- U.S. oil prices hit a six-month high on Thursday, supported by data from the International Energy Agency showing tightening supply, in addition to a surprise drop in U.S. crude inventories. West Texas Intermediate U.S. crude futures were 61 cents higher at $46.84 at 1147 GMT, having earlier...

  • *Canadian oil sands output gradually returns after wildfires OPEC to focus on dialogue, not action at June meet- Kuwait. LONDON, May 12- Oil prices rose towards six-month highs on Thursday, supported by data from the International Energy Agency showing tightening supply in addition to a surprise drop in U.S. crude inventories. Brent crude futures were trading at...

  • *OPEC to focus on dialogue, not action at June meet- Kuwait. LONDON, May 12- Oil prices rose towards six-month highs on Thursday, supported by data from the International Energy Agency showing tightening supply in addition to a surprise drop in U.S. crude inventories. Brent crude futures were trading at $47.92 per barrel at 0944 GMT, up 32 cents from their last...

  • *OPEC to focus on dialogue, not action at June meeting- Kuwait. SINGAPORE/ TOKYO, May 12- Oil prices were steady on Thursday, weighed by the gradual return of Canadian oil sands output but supported by a surprise drop in U.S. crude inventories and a tightening global market. The U.S. Energy Information Administration said on Wednesday that U.S. crude inventories fell...

  • Beijing wants to retain control over vital sector-executives. BEIJING, May 12- Expect no radical "big bang" in China's shake-up of its giant state-run energy firms, but a series of experimental and incremental steps that Beijing has quietly embarked on may still bring meaningful change to an economically crucial sector. Speculation of a similar tie-up in the...

  • NEW YORK/ HOUSTON May 11- U.S. Midwest refiners are rushing to secure alternatives for crude supply as they worry about prolonged outages after a raging wildfire in Canada shut nearly half of production capacity from the vast oil sands. They pointed to record crude stocks at the U.S. hub of Cushing, Oklahoma, swelling domestic supplies as well as growing imports...