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Oil and Gas Oil and Gas Refining

  • Oct 24- A leak late on Sunday prompted Enterprise Products Partners to shut its Seaway Crude Pipeline system, the largest conduit for moving oil from the major storage hub in Cushing, Oklahoma to Gulf coast refineries. News of the leak dragged U.S. crude prices lower on Monday on worries that shutting down the 850,000 barrel-per-day Seaway system would bottle up...

  • Oct 24- A leak late on Sunday prompted Enterprise Products Partners to shut its Seaway Crude Pipeline system, the largest conduit for moving oil from the major storage hub in Cushing, Oklahoma to Gulf coast refineries. News of the leak dragged U.S. crude prices lower on Monday on worries that shutting down the 850,000 barrel-per-day Seaway system would bottle up...

  • PARIS, Oct 24- French oil and gas company Total said on Monday that a gas leak at its 247,000 barrels-per-day Gonfreville refinery in Normandy had caused an explosion that injured five workers. The blast in northern France occurred during a scheduled maintenance work on a gas compressor, Total said, adding that emergency services were on site to contain the gas...

  • A general view shows the Shell petroleum refinery (back) on Pulau Bukom, off Singapore on March 8, 2013.

    Singapore has joined the influential International Energy Agency as an association country, upping the city-state's focus on energy security.

  • Hillary Clinton.

    Hacked emails show Hillary Clinton's campaign wrestled with how to announce her opposition to construction of the controversial Keystone XL pipeline.

  • SINGAPORE, Oct 21- From sharp cuts to Chinese oil production to falling inventories of refined fuel products, signs are mounting that Asia's oil markets are slowly returning to balance. The drawdowns come after China, Asia's biggest oil consumer and a top-5 global producer, this week reported a 9.8 percent fall in output for September, amounting to one of the...

  • *PKN lifts Warsaw stocks on Q3 earnings surge. BUDAPEST, Oct 20- A rise in oil refiner PKN Orlen's shares lifted Warsaw's stock index on Thursday, while other regional markets were mixed as the European Central Bank did not signal any change in its asset purchase programme. PKN shares rose by 2 percent and helped Warsaw's bluechip index firm half a percent by 1419...

  • WASHINGTON, Oct 20- A deal by a state-owned Russian oil company Rosneft and others to buy India's Essar Oil for $12.9 billion does not run afoul of U.S. sanctions on Russia, the State Department said. "I don't think we see any violation of any U.S.-EU sanctions stemming from this deal," Mark Toner, a spokesman for the State Department told reporters in a daily briefing...

  • LONDON, Oct 20- Oil prices fell on Thursday on profit-taking, after markets rallied the previous day on another unseasonal draw in U.S. crude oil stocks helping bullish sentiment from an expectation of an OPEC- led cut in production. West Texas Intermediate crude oil futures were at $50.78 per barrel at 1230 GMT, down 82 cents from their previous close.

  • LONDON, Oct 20- Oil prices fell on Thursday on profit-taking, after markets rallied the previous day on another unseasonal draw in U.S. crude oil stocks helping bullish sentiment from an expectation of an OPEC- led cut in production. West Texas Intermediate crude oil futures were at $51.03 per barrel at 1100 GMT, down 57 cents from their last close.

  • BUDAPEST, Oct 20- A rise in oil refiner PKN Orlen's shares lifted Warsaw's stock index on Thursday, while other regional markets were mixed as investors waited to see if the European Central Bank will signal any change in its asset purchase programme. PKN shares rose by 1.7 percent and helped Warsaw's bluechip index firm 0.2 percent by 0846 GMT, after the refiner...

  • LONDON, Oct 20- Oil prices fell on Thursday on profit-taking after markets rallied the previous day due to a draw in U.S. stocks and an expectation of an OPEC- led cut in production. West Texas Intermediate crude oil futures were trading at $51.10 per barrel at 0840 GMT, down 50 cents from their last close. International Brent crude futures were trading at $52.20 per...

  • NEW YORK, Oct 19- Oil prices jumped more than 2 percent on Wednesday, with U.S. crude settling at its highest in 15 months after the government reported a surprisingly large drop in inventories for the sixth week out of seven. The U.S. Energy Information Administration said crude stocks fell 5.2 million barrels in the week ended Oct. 14, versus forecasts for a 2.7-...

  • *U.S. crude settles at highest since July 2015. NEW YORK, Oct 19- Oil prices rose more than 2 percent on Wednesday, with U.S. crude settling at its highest in 15 months after the government reported a surprisingly large drop in inventories for the sixth week out of seven. The U.S. Energy Information Administration said crude stocks fell 5.2 million barrels in the week...

  • ABIDJAN, Oct 19- Ivory Coast will organise debt relief for the state oil refinery using public and private funds, a government spokesman said on Wednesday. The refinery provides Ivory Coast with nearly all its petroleum products and also supplies neighbouring countries. SIR's annual output is currently 3.4 millions tonnes, up from 3.142 millions tonnes in...

  • ABIDJAN, Oct 19- Ivory Coast will organize debt relief for the state oil refinery using public and private funds, a government spokesman said on Wednesday. The refinery provides Ivory Coast with nearly all its petroleum products and also supplies neighboring countries. SIR's annual output is currently 3.4 millions tonnes, up from 3.142 millions tonnes in...

  • *U.S. crude soars to $51.93/ bbl, highest since July 2015. The U.S. Energy Information Administration said crude stocks fell 5.2 million barrels in the week ended Oct. 14. It hit $51.93 earlier, its highest since July 2015.

  • *China output, Russia remarks on cooperation lend support. NEW YORK, Oct 19- Oil prices rose more than 1 percent on Wednesday in anticipation of a possible drawdown in U.S. crude stocks last week and on Russian remarks about market coordination with Saudi Arabia. The American Petroleum Institute, a trade group, reported on Tuesday that U.S. crude stockpiles fell 3.8...

  • NEW YORK, Oct 19- U.S. independent refiners such as PBF Energy and Phillips 66 are expected to report another quarter of disappointing profits in coming weeks, as hopes that a record summer driving season would turn the industry's fortunes around do not appear to have materialized. U.S. refiners are in the midst of their worst year since the shale boom began in 2011.

  • NEW YORK, Oct 18- Oil prices settled up on Tuesday on expectations of OPEC output curbs, then extended gains in post-settlement trade as an industry group's data showed an unexpected draw in U.S. crude inventories last week. Crude stockpiles fell 3.8 million barrels in the week to Oct. 14, the American Petroleum Institute reported. "It'll certainly be another...