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Oil and Gas Oil and Gas Refining

  • It's the last major regulatory hurdle facing project operator TransCanada Corp.. The Nebraska Public Service Commission's ruling is on the Nebraska route TransCanada has proposed to complete the $8 billion, 1,179- mile pipeline to deliver oil from Alberta, Canada, to Texas Gulf Coast refineries. The proposed Keystone XL route would cross parts of Montana,...

  • *OPEC to meet on Nov. 30 to discuss policy. NEW YORK, Nov 17- Oil rebounded more than 2 percent on Friday after falling for five straight session as a major U.S. crude pipeline was shut and traders anticipated an OPEC deal to extend curbs on production. Prices, however, fell for the first week in six, pressured by rising U.S. output data and doubts that Russia would support...

  • *OPEC to meet on Nov. 30 to discuss policy. NEW YORK, Nov 17- Oil prices rose about 2 percent on Friday, capping five sessions of losses, on expectations of an OPEC deal to extend curbs on production and the shutting of a major U.S. crude pipeline. Prices were still on track for their first weekly loss in six as rising U.S. output data was compounded by doubts that Russia...

  • LONDON, Nov 17- The world's most powerful crude oil trader, Royal Dutch Shell's head of oil trading Mike Muller, has stepped down after 29 years with the company, an internal announcement reviewed by Reuters on Friday showed. Mark Quartermain, currently head of refined products trading, has been appointed Vice President Trading and Supply Crude with effect from...

  • LONDON, Nov 17- Royal Dutch Shell's head of crude oil trading Mike Muller, has stepped down after 34 years with the company, an internal announcement reviewed by Reuters on Friday showed. Mark Quartermain, currently head of refined products trading, has been appointed Vice President Trading and Supply Crude with effect from Dec. 1. Under Muller, a Cambridge...

  • LONDON, Nov 17- U.S. refineries are struggling to meet booming demand for distillate fuel oil at home and in export markets which will leave the distillate market very tight in 2018.. The gross refining margin for turning Brent into U.S. heating oil has climbed to almost $19 per barrel from a recent low of less than $11 in May, despite record U.S. refinery production...

  • LONDON, Nov 17- U.S. refineries are struggling to meet booming demand for distillate fuel oil at home and in export markets which will leave the distillate market very tight in 2018.. The gross refining margin for turning Brent into U.S. heating oil has climbed to almost $19 per barrel from a recent low of less than $11 in May, despite record U.S. refinery production...

  • *India government pushing for more natural gas use. *LNG to meet most of India's future gas demand. MUMBAI/ NEW DELHI, Nov 17- India's state oil refiners are planning an aggressive push into natural gas in coming years to meet Prime Minister Narendra Modi's goal of making the fuel a bigger part of the country's energy mix.

  • *Middle East remains by far the biggest oil supplier to India. NEW DELHI, Nov 17- India's imports of African crude oil in October plunged to their lowest in over four years, with the world's No.3 oil consumer increasingly turning to cheaper supplies from the United States and heavier Middle Eastern grades, ship tracking data showed. "Earlier in Asia, West African oil...

  • CALGARY, Alberta, Nov 16- TransCanada Corp shut part of its Keystone oil pipeline system after a 5,000- barrel leak in South Dakota, the company said on Thursday, four days before neighboring Nebraska was set to decide on the company's long-delayed Keystone XL pipeline. South Dakota Department of Environmental and Natural Resources spokesman Brian Walsh said...

  • BEIJING, Nov 16- Chinese oil refiners are churning out record amounts of fuel in the last quarter of 2017, looking to cash in on the best refining profits in nearly two years after a rally in diesel and gasoline prices. That is creating a domestic shortage that China's independent refiners- often called teapots- are rushing to meet, while also raising their output...

  • BEIJING, Nov 16- Chinese oil refiners are churning out record amounts of fuel in the last quarter of 2017, looking to cash in on the best refining profits in nearly two years after a rally in diesel and gasoline prices. That is creating a domestic shortage that China's independent refiners- often called teapots- are rushing to meet, while also raising their output...

  • Nov 15- U.S. crude oil and gasoline inventories grew unexpectedly last week as crude production and refining output rose, the Energy Information Administration said on Wednesday. "The report was bearish, but prices had already reacted, in negative fashion, to last night's API report, which was a tough act to follow," said John Kilduff, partner at energy hedge fund...

  • Nov 15- Varo Energy BV's owners, U.S. private equity firm Carlyle Group and commodities trader Vitol, are looking at an initial public offering next year that could value the European oil refiner at about $2 billion, the Wall Street Journal reported on Wednesday. Varo is expected to list its shares on the Amsterdam stock exchange, the Journal reported, citing...

  • MONTREAL/ CALGARY, Alberta, Nov 14- Canadian Pacific Railway Ltd sees shipments of crude by rail "coming alive a little bit," Chief Marketing Officer John Brooks said on Tuesday, signaling a pickup in a business that had been hurt by low energy prices and competition from pipelines. TransCanada Corp's in October scrapped its $12 billion Energy East pipeline that...

  • *Iraq to start trucking $1 mln worth of oil per day to Iran. BAGHDAD/ LONDON, Nov 14- After helping Iraq stifle a Kurdish push for independence, Iran is now positioning itself to take control of oil exports from the region's giant Kirkuk field, with the first deliveries expected within days, officials and trading sources said. In the weeks since September's failed...

  • NEW YORK, Nov 12- Saudi Arabia's efforts to reduce a worldwide crude supply glut by cutting shipments to the United States means others are now filling in, most notably Iraq, in a trend that is set to accelerate in coming months. Over the summer, normally one of the busiest periods for crude shipments, U.S. imports of crude from Iraq rose by 41 percent from a year ago,...

  • DUBAI, Nov 13- Oman's Duqm Refinery and Petrochemical Industries Co will approach banks in about two weeks for the debt financing it needs to back a $6 billion refinery project, banking sources familiar with the matter told Reuters on Monday. The refinery, run by the joint venture between Oman Oil Company and Kuwait Petroleum International, will be able to...

  • LAUNCESTON, Australia, Nov 13- U.S. crude oil is flooding into Asia, and may continue to do so as the arbitrage window that was initially created by Hurricane Harvey remains open, even though the disruption from the costliest storm to hit the Gulf of Mexico has faded. A record amount of U.S. crude is scheduled to arrive in Asia in November, according to vessel-tracking...

  • LAUNCESTON, Australia, Nov 13- U.S. crude oil is flooding into Asia, and may continue to do so as the arbitrage window that was initially created by Hurricane Harvey remains open, even though the disruption from the costliest storm to hit the Gulf of Mexico has faded. A record amount of U.S. crude is scheduled to arrive in Asia in November, according to vessel-tracking...