×

Oil and Gas Oil and Gas Refining

  • BEIJING, Aug 17- A fire broke out on Thursday at state oil major PetroChina's plant in northeastern China, one of the country's largest refineries, state media reported, the latest industrial incident to rock the port city of Dalian. The refinery in Liaoning province and owned by PetroChina Dalian Petrochemical Corp, has three crude distillation units with...

  • KHOBAR, Saudi Arabia, Aug 17- Saudi Arabia's crude oil exports in June fell slightly to 6.889 million barrels per day, 35,000 bpd lower than the May level, official data showed. OPEC's biggest producer also pumped 10.070 million bpd in June, up 190,000 bpd from May, according to a posting on the Joint Organizations Data Initiative website. OPEC's share of the cuts,...

  • *Angola releases large crude export programme. *China gasoline demand to top out around 2025- CNPC. U.S. crude inventories dropped for a seventh consecutive week, falling 8.95 million barrels last week to 466.5 million barrels to their lowest since January 2016, the Energy Information Administration said.

  • *Angola releases large crude export programme. *China gasoline demand to top out around 2025- CNPC. Including emergency reserves, crude stocks were at 1.15 billion barrels, the lowest levels since October 2015, the Energy Information Administration said.

  • NEW YORK, Aug 16- U.S. crude oil inventories fell for the seventh consecutive week in their largest drawdown in nearly a year while exports and production continued to rise, the Energy Information Administration said on Wednesday. The report also had bearish elements, as 2.5 million barrels of the draw was on the West Coast, somewhat limiting the market impact of...

  • *Angola releases large crude export programme. *China gasoline demand to top out around 2025- CNPC. Including emergency reserves, crude stocks were at 1.15 billion barrels, the lowest levels since October 2015, the Energy Information Administration said.

  • CARACAS, Aug 15- Canadian miner Crystallex is seeking to seize shares in a subsidiary of Venezuelan state oil company PDVSA that owns U.S. refiner Citgo as part of a dispute over Venezuela's 2008 takeover of the Las Cristinas gold mine, according to court filings. Crystallex on Monday asked the U.S. District Court in Delaware to attach shares in Delaware- based PDV...

  • NEW YORK, Aug 15- Oil prices settled little changed on Tuesday after slumping to three-week lows as the U.S. dollar climbed and signs of weaker petroleum demand in China weighed the market down for a second day. Benchmark Brent crude settled up 7 cents a barrel at $50.80, after retreating to $50.02 during the session. U.S. light crude settled down 4 cents at $47.55, off...

  • NEW YORK, Aug 15- Oil prices were little changed on Tuesday as the U.S. dollar climbed and signs of weaker petroleum demand in China weighed the market down for a second day. Benchmark Brent crude was up 8 cents a barrel at $50.81 by 2:13 p.m. EDT, after retreating to $50.02 earlier. Some investors turned to oil and gold as safe haven investments last week as tensions...

  • Crystallex is seeking to collect on a $1.4 billion award it won via a World Bank arbitration panel in 2016.. The company on Monday asked the United States District Court for the District of Delaware to attach shares in Delaware- based PDV Holding, a PDVSA subsidiary that owns of refining and marketing company Citgo Petroleum. Companies ranging from U.S. oil giant...

  • NEW YORK, Aug 15- Oil prices fell on Tuesday, extending the prior session's heavy sell-off as the dollar rose more and as signs of weaker petroleum demand in China weighed the market down for a second day. Some investors had turned to oil and gold as safe havens last week as tensions rose between the United States and North Korea. Benchmark Brent crude was down 37...

  • *OPEC production remains stronger despite promised cuts. LONDON, Aug 15- Oil prices fell on Tuesday, extending a heavy sell-off after a surge in the dollar and weighed down by signs of weaker demand in China, the world's second-largest consumer. Ample supply from big oil exporters, including members of the Organization of the Petroleum Exporting Countries and...

  • *OPEC production remains stronger despite promised cuts. LONDON, Aug 15- Oil prices slipped on Tuesday, extending a heavy sell-off after a surge in the dollar and weighed down by signs of weaker demand in China, the world's second-largest consumer. Ample supply from big oil exporters, including members of the Organization of the Petroleum Exporting Countries...

  • LAUNCESTON, Australia, Aug 15- The sharp slowdown in China's refinery processing in July may be another warning sign that the robust growth in crude oil demand this year in the world's top importer is poised to moderate. It's this inventory flow that has been behind the strong increase in China's crude imports, but there are signs this source of growth may...

  • *Petronas focusing on SEAsia, Canada, Mexico for upstream. *RAPID project in Johor a key capex item. For its upstream business, Petronas will focus on South East Asia and Canada, where it already has huge reserves, he said, adding that Mexico- where Petronas has recently picked up three blocks- will be another focus.

  • *OPEC production remains stronger despite promised cuts. LONDON, Aug 15- Oil prices slipped on Tuesday, extending a heavy sell-off after a surge in the dollar and weighed down by signs of weaker demand in China, the world's second-largest consumer. Ample supply from big oil exporters, including members of the Organization of the Petroleum Exporting Countries...

  • *OPEC production remains stronger despite promised cuts. LONDON, Aug 15- Oil prices steadied on Tuesday after a heavy sell-off following a surge in the dollar, and weighed down by signs of weaker demand in China, the world's second-largest consumer. Ample supply from big oil exporters, including members of the Organization of the Petroleum Exporting Countries...

  • *OPEC production remains stronger despite promised cuts. LONDON, Aug 15- Oil prices steadied on Tuesday after a heavy sell-off following a surge in the dollar, and weighed down by signs of weaker demand in China, the world's second-largest consumer. Ample supply from big oil exporters, including members of the Organization of the Petroleum Exporting Countries...

  • SINGAPORE, Aug 15- Oil prices steadied on Tuesday after sharp falls the session before to the lowest in about three weeks as a stronger U.S. dollar and a drop in Chinese refining runs hit the market. Global benchmark Brent crude futures were up 3 cents, or 0.1 percent, at $50.76 at 0551 GMT. West Texas Intermediate crude futures were down 1 cent at $47.58 a barrel.

  • LAUNCESTON, Australia, Aug 15- The sharp slowdown in China's refinery processing in July may be another warning sign that the robust growth in crude oil demand this year in the world's top importer is poised to moderate. It's this inventory flow that has been behind the strong increase in China's crude imports, but there are signs this source of growth may...