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  • NEW YORK, April 6- TransCanada Corp is delaying the restart of its 590,000 barrel per day Keystone crude pipeline to Tuesday from Friday, four traders familiar with the matter said on Wednesday. The line, which delivers crude from Hardisty, Alberta to Cushing, Oklahoma, and to Illinois, was shut over the weekend after a potential leak. Time spreads in the benchmark...

  • April 6- U.S. crude oil inventories unexpectedly fell from record highs last week as refineries continued to hike output and imports fell, while gasoline stocks rose, snapping a six-week decline, data from the Energy Information Administration showed on Wednesday. The EIA report was "modestly supportive" with the jump in refinery runs and fall in imports "...

  • NEW YORK, April 5- The sudden closure of the Keystone oil pipeline from Canada has forced Phillips 66 to shut several units at its Illinois refinery, sources said on Tuesday, as the ripple effects of disrupting one of the largest U.S. import lines spread. TransCanada Corp said it had shut its 590,000 barrel per day Keystone pipeline system, which carries light and...

  • CUSHING, OK, April 5- From the air above this small Oklahoma town, the 300 steel oil storage tanks that dot the landscape appear filled to the brim, their floating lids bobbing atop more than 65 millions of barrels of oil. Such worries make weekly estimates of Cushing stockpiles from the Energy Information Administration one of the hottest market indicators.

  • NEW YORK, April 4- Oil prices fell more than 2 percent on Monday, with Brent touching one-month lows, as investors doubted that producing countries will freeze output to rein in a worldwide glut. "It appears that the speculative longs that were enticed toward the buyside of the energy complex through most of the first quarter by the upcoming production freeze...

  • *Iran says it aims to regain pre-sanctions output. *Saudis back output freeze output only if Iran participates. Iran will raise its crude output and exports until it reaches pre-sanction levels, the semi-official Mehr news agency quoted Oil Minister Bijan Zanganeh as saying.

  • *Investors buy soybeans, sell corn after USDA report. May corn on the Chicago Board of Trade was off 3-1/ 4 cents or 0.9 percent at $3.48-1/ 4 a bushel at 10:11 a.m. CDT. "That's just going to take all the steam out of being long corn for potential crop trouble until we get into third, fourth week of April," said Bill Gary, president of Commodity Information Systems in...

  • With U.S. oil prices now trading below $40 a barrel, the corporate casualties are already mounting. Texas- based Magnum Hunter Resources, the second-largest producer among publicly-traded companies that have filed for bankruptcy, is a case in point. Once in Chapter 11, its CEO Gary Evans said the bankruptcy, which injected new funds to ensure it would stay...

  • *Brent price seen averaging $40.90, WTI $39.70 in 2016- Rtrs poll. NEW YORK, March 31- Oil prices jumped more than 10 percent in March in the best quarter since mid-2015 although some analysts said the rally could fade soon as an output freeze plan by major crude exporters fails to alleviate worries of a glut. "Oversupply still persists due to resilient U.S....

  • *Dollar at Oct low, Cushing draw over 800,000 barrels reported. *OPEC production up this month despite freeze proposal. "Oversupply still persists due to resilient U.S. production, even if declining moderately; high OPEC output, led by Saudi Arabia and Iraq; and the gradual return of Iran starting Q1 2016," said Mike Wittner, global head of oil research at Societe...

  • NEW YORK, March 30- U.S. crude oil stockpiles rose less than expected last week as imports fell and refinery runs rose, while gasoline and distillate inventories drew down, data from the Energy Information Administration showed on Wednesday. "Large decline in imports likely contributed to the smaller-than-expected crude oil build," said Dominic Chirichella,...

  • March 30- SandRidge Energy Inc confirmed on Wednesday it has hired advisers to evaluate options including a bankruptcy filing, in what could be the most high-profile reorganization yet in U.S. shale oil industry. The company, battered by a 60 percent slide in oil prices since mid-2014, said in a regulatory filing there was substantial doubt about its financial...

  • March 30- SandRidge Energy Inc said on Wednesday it had engaged advisers to evaluate options including a private restructuring or reorganization under Chapter 11.. Oklahoma City- based SandRidge, which reported results on Tuesday after delaying the filing, had about $3.63 billion in total debt as of Dec. 31. SandRidge, which produces oil and gas from shale...

  • Oil prices fell about 3 percent in the previous session after Kuwait and Saudi Arabia said they would resume production at the jointly operated 300,000- barrel-per-day Khafji field even as oil output is supposed to be capped. U.S. crude rose 37 cents to $38.65 a barrel as of 2339 GMT after settling down $1.11 in the previous session. Official inventory data from...

  • HOUSTON, March 28- Earthquakes caused by human activity will now be included in the U.S. Geological Survey's seismic risk maps, the agency said on Monday after a sharp rise in temblors linked to wastewater disposal wells used by the oil and gas industry in Oklahoma. Oklahoma is at the greatest risk for hazards associated with induced seismicity, the USGS said,...

  • TOKYO, March 24- U.S. oil prices fell in Asian trading on Thursday, adding to a slump in the previous session, after stockpiles rose for the sixth week to another record, sapping the strength of a two-month rally in prices. U.S. crude futures were down 10 cents at $39.69 a barrel at 0302 GMT, trading further below the important $40 level. "OPEC production is still high and...

  • TOKYO, March 24- Oil prices dropped in early Asian trading on Thursday, adding to a slump in the previous session after U.S. stockpiles rose for a sixth week to another record, sapping the strength of a two-month rally in prices. U.S. crude futures were down 23 cents at $39.56 a barrel at 0047 GMT, trading further below the important $40 level. They closed down $1.66, or 4...

  • NEW YORK, March 23- Oil prices tumbled 4 percent on Wednesday, with U.S crude settling below the key $40 per barrel mark after a sixth straight week of record highs in stockpiles that traders warned could cut short the market's two-month long rally. The U.S. government's Energy Information Administration said crude stockpiles rose 9.4 million barrels last week-...

  • The U.S. Energy Information Administration said crude stockpiles rose 9.4 million barrels last week, not far from the 8.8 million build indicated by industry group American Petroleum Institute on Tuesday but way off the 3.1 million barrels expected by analysts in a Reuters poll. U.S. crude futures were down $1.25, or 3 percent, at $40.20 a barrel by 11:30 a.m....

  • CHICAGO, March 22- U.S. pork in cold storage in February posted the smallest gain for that month in nine years, according to Tuesday's U.S. Department of Agriculture cold storage report. They added that the beef sector is finally working through product that had piled up over several months, partly due to last year's West Coast port dispute. "This is a pretty big...