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Oil and Gas Oil and Gas Refining

  • The RFS, created in 2005, requires fuel companies to use increasing volumes of renewable fuels like ethanol with their petroleum products each year, but the EPA has used its authority to provide waivers to an unusually large number of small refineries releasing them of their obligation. The EPA and the White House were still hashing out the details of a...

  • The EPA and the White House were still hashing out the details of a last minute plan to appease farmers, sources said, and the announcement could be postponed if an agreement is not reached. The EPA administers the U.S. Refineries with a capacity of less than 75,000 barrels per day can qualify for RFS hardship waivers, and under Pruitt, the EPA has roughly tripled the...

  • HANOI, June 21- Police in Vietnam arrested four executives of state oil firm PetroVietnam's subsidiaries on suspicion of embezzlement on Thursday as the communist-led government widens a crackdown on corruption. Dinh Van Ngoc, deputy chief executive officer of Nghi Son Refinery and Petrochemical LLC, and three others were accused of "abusing power to...

  • *OPEC to meet in Vienna on Friday to agree output policy. LONDON, June 21- Oil prices fell on Thursday as crude exporters in OPEC appeared to be nearing a deal to increase production. The Organization of the Petroleum Exporting Countries holds its biannual meeting in Vienna on Friday and is widely expected to agree to pump more, possibly supported by some other...

  • *OPEC to meet in Vienna on Friday to agree output policy. LONDON, June 21- Oil prices fell on Thursday as crude exporters in OPEC appeared to be nearing a deal to increase production. The Organization of the Petroleum Exporting Countries holds its biannual meeting in Vienna on Friday and is widely expected to agree to pump more, possibly supported by some other...

  • U.S.- China spat heightens risk of U.S. oil imports- sources. SINGAPORE/ BEIJING, June 21- Chinese oil buyers will keep taking crude from the United States through September, but plan to reduce future purchases to avoid a likely import tariff amid a trade spat between the world's two largest economies, multiple industry sources said. Beijing has put U.S. energy...

  • *OPEC to meet in Vienna on Friday to agree output policy. LONDON, June 21- Oil prices fell on Thursday as crude exporters in OPEC appeared to be nearing a deal to increase production. The Organization of the Petroleum Exporting Countries holds its biannual meeting in Vienna on Friday and is widely expected to agree to pump more, possibly supported by some other...

  • *OPEC to meet in Vienna on Friday to agree output policy. LONDON, June 21- Oil prices fell on Thursday as crude exporters in OPEC appeared to be nearing a deal to increase production. The Organization of the Petroleum Exporting Countries holds its biannual meeting in Vienna on Friday and is widely expected to agree to pump more, possibly supported by some other...

  • *OPEC to meet in Vienna on Friday to agree output policy. LONDON, June 21- Oil prices fell on Thursday as crude exporters in OPEC appeared to be nearing a deal to increase production. The Organization of the Petroleum Exporting Countries holds its biannual meeting in Vienna on Friday and is widely expected to agree to pump more, possibly supported by some other...

  • *OPEC to meet in Vienna on June 22 to agree output policy. LONDON, June 21- Oil prices fell on Thursday as crude exporters in OPEC appeared to be nearing a deal to increase production. The Organization of the Petroleum Exporting Countries holds its biannual meeting in Vienna on Friday and is widely expected to agree to pump more, possibly supported by some other...

  • *OPEC to meet in Vienna on June 22 to agree output policy. *Iran has so far resisted OPEC production rise. Iran, a major supplier within the producer cartel of the Organization of the Petroleum Exporting Countries, signaled on Wednesday it could agree on a small increase in the group's output during a meeting to be held at OPEC's headquarters in Vienna on June 22...

  • *OPEC to meet in Vienna on June 22 to agree output policy. *Iran has so far resisted OPEC production rise. Iran, a major supplier within the producer cartel of the Organization of the Petroleum Exporting Countries, signalled on Wednesday it could agree on a small increase in the group's output during a meeting to be held at OPEC's headquarters in Vienna on June 22...

  • *OPEC to meet in Vienna on June 22 to agree output policy. *Iran has so far resisted OPEC production rise. Iran, a major supplier within the producer cartel of the Organization of the Petroleum Exporting Countries, signaled on Wednesday it could agree on a small increase in the group's output during a meeting to be held at OPEC's headquarters in Vienna on June 22...

  • *OPEC to meet in Vienna on June 22 to agree output policy. *Iran previously resisted any OPEC output rise. SINGAPORE, June 21- Oil prices dipped on Thursday as Iran signaled it could be won over to a small rise in OPEC crude output, likely paving the road for the producer cartel to agree a supply increase during a meeting on June 22.

  • *Iran signals compromise for modest rise in OPEC oil output. NEW YORK, June 20- U.S. crude futures rose nearly 2 percent on Wednesday, supported by a drop in domestic inventories, while Brent edged down ahead of an OPEC meeting later this week that may result in increased global production. "Today's EIA report appeared unequivocally bullish to WTI given a much larger...

  • *Libya output down, exports may be diverted- source. *Iran signals compromise for modest rise in OPEC oil output. NEW YORK, June 20- U.S. crude futures rose on Wednesday, supported by a drop in domestic inventories, while Brent fell ahead of an OPEC meeting later this week that may result in increased global production.

  • *OPEC meets on Friday, hopes to agree production policy. *Iran and other OPEC members resisting increase in supply. NEW YORK, June 20- Oil prices rose on Wednesday, supported by both a drop in U.S. crude inventories as well as a loss in Libyan supplies, but were under pressure ahead of an OPEC meeting that may increase global production.

  • June 20- U.S. crude oil stockpiles dropped sharply last week while gasoline and distillate inventories grew as refineries' crude runs rose to their highest on record seasonally, the Energy Information Administration said on Wednesday. "What youve continued to see here is maintenance season continues to wind down for the refinery sector, so that obviously...

  • *OPEC, non- OPEC producers to meet in Vienna this week. OPEC and non- OPEC producers are scheduled to meet on June 22-23 in Vienna to discuss a possible increase in output after more than a year and a half of coordinated cuts which have taken 1.8 million barrels per day out of the market. Under the deal among OPEC and non- OPEC producers, Russia agreed to cut production by...

  • SINGAPORE, June 18- Asia's naphtha crack for first-half August hit $77.32 a tonne on Monday, making it the lowest front-month value in nearly two months as supplies were expected to increase.- Around 1.4 million tonnes of the fuel, which is used in the petrochemical industry and also to blend with petrol, are expected to land in Asia in July, the highest monthly level...