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Oil and Gas Oil and Gas Refining

  • TORONTO, March 24- The Canadian dollar weakened on Friday against its U.S. counterpart as tame domestic inflation dampened pressure on the Bank of Canada to turn more hawkish, while CFTC data showed a sharp swing by speculators to bearish bets against the loonie. Canada's annual inflation rate dipped to 2.0 percent in February from 2.1 percent in January.

  • WASHINGTON/ CALGARY, Alberta, March 24- U.S. "We've got some work to do in Nebraska to get our permits there," Girling replied. Trump announced the presidential permit for Keystone XL at the White House with Girling and Sean McGarvey, president of North America's Building Trades Unions, standing nearby.

  • TORONTO, March 24- Canada's main stock edged higher on Friday, led by consumer-related stocks, while U.S. approval of the Keystone XL pipeline gave TransCanada Corp a boost before some gains were pared. It was the second straight day of gains for the index after Canada's government on Wednesday held off from raising taxes on investors in its budget.

  • As expected, the State Department reversed a decision by the Obama administration and favored energy development over environmentalists' objections to the pipeline, which will carry thick Canadian crude oil to Nebraska, where it can flow on to refineries along the Gulf Coast. The company proposing the pipeline, Calgary- based TransCanada Corp., estimates the...

  • loomed@ HOUSTON/ CARACAS, March 24- A gasoline shortage in OPEC member Venezuela was exacerbated by an increase in government-sanctioned fuel exports to foreign allies and an exodus of crucial personnel from state-run energy company PDVSA, according to internal PDVSA documents and sources familiar with its operations. Leftist-run Venezuela sells its...

  • WASHINGTON/ CALGARY, March 24- U.S. "We've got some work to do in Nebraska to get our permits there," Girling replied. Trump announced the presidential permit for Keystone XL at the White House with Girling and Sean McGarvey, president of North America's Building Trades Unions, standing nearby.

  • WASHINGTON/ CALGARY, March 24- U.S. The approval reverses a decision by former President Barack Obama to reject the project, but fresh obstacles loom: To get built, TransCanada will need to win financing, acquire local permits, and fend off likely legal challenges. Trump announced the presidential permit for Keystone XL at an event at the White House attended by...

  • TORONTO, March 24- The Canadian dollar weakened on Friday against its U.S. counterpart as tame domestic inflation data dampened pressure on the Bank of Canada to turn more hawkish, offsetting the impact of higher oil prices. Canada's annual inflation rate dipped to 2.0 percent in February from 2.1 percent in January, Statistics Canada said.

  • March 24- TransCanada Corp said on Friday the U.S. Department of State issued a presidential permit for the construction of the Keystone XL oil pipeline, a project blocked by former President Barack Obama. President Donald Trump will make an announcement on the pipeline at 10:15 a.m., White House spokesman Sean Spicer said in a post on Twitter.

  • President Donald Trump will announce the permit alongside TransCanada Chief Executive Officer Russell Girling at the White House later Friday, according to a senior administration official. White House spokesman Sean Spicer said a Keystone XL announcement would come at 10:15 a.m. EDT. The multibillion-dollar Keystone XL pipeline would bring more than...

  • March 24- TransCanada Corp said on Friday the U.S. Department of State issued a presidential permit for the construction of the Keystone XL pipeline linking Canadian oil sands to U.S. refiners, a project blocked by former President Barack Obama. Reuters reported earlier on Friday that Trump would announce the approval of the pipeline at the White House...

  • President Donald Trump will announce the approval of the Keystone XL oil pipeline at the White House on Friday, alongside the chief executive officer of builder TransCanada Corp, according to a senior administration official. The administration official said that among those scheduled to be at the White House for the 10:15 a.m. EDT announcement are...

  • The model is very different from most other OPEC and non- OPEC producers that rely more heavily on spot sales to refiners and traders. And Saudi Arabia's commitment to reduce production under the accord with other OPEC and non- OPEC countries reached towards the end of 2016 creates a tension with its customer-focused strategy. In fact, Aramco has so far cut...

  • WASHINGTON, March 23- The U.S. State Department plans to approve on Friday the permit needed to proceed with construction of the Canada- to-United States Keystone XL oil pipeline, a project blocked by former President Barack Obama, according to two government sources familiar with the process. White House spokesman Sean Spicer said the administration would...

  • DUBAI, March 23- Saudi Arabia's crude exports to the United States in March will fall by around 300,000 barrels per day from February, in line with OPEC's agreement to reduce supply, a Saudi energy ministry official said on Thursday. The United States imported about 1.3 million bpd from OPEC's top exporter in February, according to U.S. Energy Information...

  • WASHINGTON, March 23- The U.S. State Department will approve on Friday the permit needed to proceed with construction of the Canada- to-United States Keystone XL oil pipeline, a project blocked by former President Barack Obama, according to two government sources familiar with the process. The State Department's undersecretary for political affairs, Tom...

  • WASHINGTON, March 23- The U.S. State Department will approve by Monday the permit needed to proceed with construction of the Canada- to-United States Keystone XL oil pipeline, a project blocked by former President Barack Obama, according to Politico. The multi-billion dollar Keystone pipeline would bring more than 800,000 barrels-per-day of heavy crude from...

  • WASHINGTON, March 23- The U.S. State Department will approve by Monday the permit needed to proceed with construction of the Canada- to-United States Keystone XL oil pipeline, a project blocked by former President Barack Obama, according to Politico. The Keystone pipeline would bring more than 800,000 barrels-per-day of heavy crude from Canada's oil sands to...

  • OPEC members have argued for decades over which of the two they should monitor to gauge compliance with oil-output cuts. This month, Saudi Arabia has thrown a third metric supply- into the debate. On Jan. 1, a deal between the Organization of the Petroleum Exporting Countries and some non- OPEC states to curb production by 1.8 million bpd came into effect.

  • The model is very different from most other OPEC and non- OPEC producers that rely more heavily on spot sales to refiners and traders. And Saudi Arabia's commitment to reduce production under the accord with other OPEC and non- OPEC countries reached towards the end of 2016 creates a tension with its customer-focused strategy. In fact, Aramco has so far cut...