Oil and Gas Oil and Gas Refining

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  • NEW YORK, July 22- U.S. independent refiners such as Valero Energy Corp and Phillips 66 look set to post another quarter of disappointing earnings, putting the industry on track for its worst year since the U.S. shale boom began in 2011.. High volumes of imports, combined with refiners switching to maximum gasoline output earlier than usual, resulted in...

  • LONDON, July 21- Fears that U.S. refiners will cut crude processing in response to deteriorating margins and rising gasoline stocks have haunted the oil market for the past two months. U.S. refiners processed an average of 16.7 million barrels of crude per day in the last four weeks, unchanged from the same period in 2015, according to the U.S. Energy Information...

  • LONDON, July 21- Fears that U.S. refiners will cut crude processing in response to deteriorating margins and rising gasoline stocks have haunted the oil market for the past two months. U.S. refiners processed an average of 16.7 million barrels of crude per day in the last four weeks, unchanged from the same period in 2015, according to the U.S. Energy Information...

  • TOKYO, July 21- Crude oil prices rose on Thursday after the U.S. Energy Department reported a ninth consecutive weekly drawdown of crude stocks, although a surprise build in gasoline supplies helped to cap the gains. West Texas Intermediate crude for September delivery, the new front month contract from Thursday, was up 22 cents at $45.97 a barrel at 0701 GMT.

  • TOKYO, July 21- Crude oil prices rose on Thursday after the U.S. Energy Department reported a ninth consecutive weekly drawdown of crude stocks, although a surprise build in gasoline supplies helped to cap the gains. West Texas Intermediate crude for September delivery, the new front month contract from Thursday, was up 18 cents at $45.93 a barrel at 0042 GMT.

  • TOKYO, July 21- Crude oil prices edged up in early Asian trading on Thursday after the U.S. Energy Department reported a ninth consecutive weekly drawdown of crude stocks but a surprise build in gasoline supplies. West Texas Intermediate crude for September delivery, the new front month contract from Thursday, was up 2 cents at $45.77 a barrel at 0102 GMT.

  • Bangchak Petroleum

    Bangchak Petroleum President Chaiwat Kovavisarach explains the firm's decision to expand its renewable energy business through its subsidiary BCPG.

  • NEW YORK, July 20- Oil prices rose as much as 1 percent on Wednesday, lifting U.S. crude from two-month lows, after the U.S. government reported a ninth straight week of crude inventory draws, easing some concerns in a market worried about a glut. U.S. gasoline prices, however, hit four-month lows after the data from the U.S. Energy Information Administration also...

  • NEW YORK, July 20- Oil prices rose 1 percent on Wednesday, lifting U.S. crude from two-month lows, after the U.S. government reported a ninth straight week of crude inventory draws, easing some concerns in a market worried about a fuel glut. U.S. gasoline prices, however, hit four-month lows after the data from the U.S. Energy Information Administration also showed a...

  • NEW YORK, July 20- Oil prices rose on Wednesday, with U.S. crude rebounding from two-month lows, after the U.S. government reported a ninth straight week of crude inventory declines that came within expectations in a market worried about a fuels glut. U.S. gasoline prices, however, extended losses, hitting a four-month low after the data from the U.S. Energy...

  • NEW YORK, July 20- Crude oil stocks in the United States fell for the ninth consecutive week and gasoline stockpiles posted a surprise build last week, data from the U.S. Energy Information Administration showed on Wednesday. Crude inventories fell 2.3 million barrels in the week ending July 15, data from the statistical arm of the Energy Department showed,...

  • NEW YORK, July 20- Crude oil stocks in the United States fell for the ninth consecutive week and gasoline stockpiles posted a surprise build last week, data from the U.S. Energy Information Administration showed on Wednesday. Crude inventories fell 2.3 million barrels in the week ending July 15, data from the statistical arm of the Energy Department showed,...

  • Brent crude futures' front-month contract were up 44 cents, or 1 percent, at $47.10 a barrel by 10:51 a.m. EDT. The front-month August contract in U.S. crude's West Texas Intermediate futures was down 80 cents, or 1.8 percent, at $43.85 a barrel by 9:18 a.m. EDT. "While in line with expectations, the drawdown is large enough to provide support, and refiner demand for...

  • An exterior view of the Tesoro petroleum refinery February 19, 2015 in Carson, California.

    Citi Research just upgraded Tesoro to buy from neutral.

  • *Saudi Arabia moving out of its peak seasonal demand. LONDON, July 19- Oil prices steadied near $47 a barrel on Tuesday as concerns over a glut of crude and refined fuel outweighed an expected cut in U.S. shale production and a probable further drawdown in U.S. crude inventories. Brent crude slipped 7 cents to $46.89 a barrel as of 1113 GMT, after falling 65 cents, or 1.4...

  • It's a knife edge between optimism and pessimism, "said Ben Le Brun, market analyst at Sydney's OptionsExpress. Brent crude slipped 11 cents to $46.85 a barrel as of 0657 GMT after finishing the previous session down 65 cents, or 1.4 percent. U.S. crude, known as West Texas Intermediate, fell 11 cents to $45.13 a barrel after settling 71 cents, or about 1.6 percent, lower...

  • It's a knife edge between optimism and pessimism, "said Ben Le Brun, market analyst at Sydney's OptionsExpress. Brent crude slipped 13 cents to $46.83 a barrel as of 0349 GMT after finishing the previous session down 65 cents, or 1.4 percent. U.S. crude, known as West Texas Intermediate, fell 14 cents to $45.10 a barrel after settling 71 cents, or about 1.6 percent, lower...

  • WASHINGTON, July 18- U.S. oil refiners Tesoro Corp and Par Hawaii Refining reached a $425 million settlement with the United States on Monday to resolve air quality violations at six refineries in Western states, the government announced on Monday. The accord requires the companies to invest $403 million in new equipment to better control air emissions at...

  • WASHINGTON, July 18- U.S. oil refiners Tesoro Corp and Par Hawaii Refining reached a $425 million settlement with the United States on Monday to resolve air quality violations at six refineries in Western states, the government announced Monday. The accord requires the companies to invest $403 million in new equipment to better control air emissions at...

  • WASHINGTON, July 18- U.S. oil refiner Tesoro Corp said on Monday it has reached a $10.4 million settlement with the United States for air quality violations at refineries in six Western states. Under the settlement, Tesoro will also invest $400 million in technology to better control air emissions at operations in Alaska, Northern California, North Dakota, Utah,...