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Oil and Gas Oil and Gas Refining

  • *Libya's NOC says investigating security violations at Sharara. Chinese refineries processed 10.71 million barrels per day in July, National Bureau of Statistics data showed, down around 500,000 bpd from June and the lowest rate since September 2016. Global benchmark Brent crude futures were at $51.74 a barrel at 1134 GMT, down 36 cents from Friday's close.

  • *Libya's NOC says investigating security violations at Sharara. Chinese refineries processed 10.71 million barrels per day in July, National Bureau of Statistics data showed, down around 500,000 bpd from June and the lowest rate since September 2016. Global benchmark Brent crude futures were down 27 cents from Friday's close at $51.83 a barrel at 0846 GMT.

  • SINGAPORE, Aug 14- Oil prices dipped on Monday as a slowdown in Chinese refining activity growth cast doubts over its crude demand outlook, while rising U.S. shale output suggested supplies would likely remain high. Brent crude futures, the international benchmark for oil prices, were at $51.92 per barrel at 0652 GMT, down 18 cents, or 0.4 percent, from their last...

  • SINGAPORE, Aug 14- Oil prices dipped on Monday as a slowdown in Chinese refining activity growth cast doubts over its crude demand outlook, while rising U.S. shale output suggested supplies would likely remain high. Brent crude futures, the international benchmark for oil prices, were at $52.00 per barrel at 0504 GMT, down 10 cents, or 0.2 percent, from their last...

  • BEIJING, Aug 14- Chinese oil refineries operated in July at their lowest daily rates since September 2016, official data showed on Monday, to ease brimming inventories as state-owned oil giants faced off independents in a retail petrol price war. China, the world's second-largest oil consumer, processed 45.5 million tonnes of crude in July, or 10.71 million...

  • SINGAPORE, Aug 14- Oil prices dipped on Monday as a slowdown in Chinese refining activity growth cast doubts over its crude demand outlook, while rising U.S. shale output suggested supplies would likely remain high. Brent crude futures, the international benchmark for oil prices, were at $51.94 per barrel at 0253 GMT, down 16 cents, or 0.3 percent, from their last...

  • NEW YORK, Aug 13- For the oil-trading community, the fall of hedge fund manager Andy Hall signaled a heavy blow, but while commodity funds continue to shutter their doors, some are finding other ways to make money, including trading refining margins and calendar spreads. Commodity hedge funds have dwindled in recent years as oil prices slumped, leaving only a...

  • NEW YORK, Aug 11- U.S. refiners such as PBF Energy and Valero Energy are heading into the winter season on their best footing in years, as months of surprisingly robust distillate demand has eaten away at stubbornly high inventories and boosted margins. Distillate days of supply, which takes into account the pull of exports, last week hit a two-year low at 34 days,...

  • Caracas/ Houston, Aug 11- Venezuelas unraveling socialist government is increasingly turning to ally Russia for the cash and credit it needs to survive and offering prized state-owned oil assets in return, sources familiar with the negotiations told Reuters. Venezuela's state-owned oil firm, Petroleos de Venezuela, has been secretly negotiating since at...

  • LINCOLN, Neb., Aug 10- Opponents of the Keystone XL pipeline vowed on Thursday to block construction of the controversial project if Nebraska regulators approve the proposed route later this year. Nebraska's Public Service Commission will make its final decision by Nov. 23. "Standing Rock was a dress rehearsal compared to what this will be," said Jane Kleeb, chair of...

  • LINCOLN, Neb., Aug 10- Opponents of the Keystone XL pipeline vowed on Thursday to block construction of the controversial project if Nebraska regulators approve the proposed route later this year. Nebraska regulators wrapped up a final public hearing a day early on Thursday on TransCanada Corp's proposed Keystone XL pipeline after four days of contentious...

  • *Demand for OPEC crude in 2018 raised by 220,000 bpd. *OPEC output jumps in July, compliance weakens. LONDON, Aug 10- OPEC forecast higher demand for its crude in 2018 on Thursday due to rising global consumption, and pointed to signs of a stronger oil market that suggest an OPEC- led production cut is getting rid of price-sapping excess supply.

  • *Demand for OPEC crude in 2018 raised by 220,000 bpd. *OPEC output jumps in July, compliance weakens. LONDON, Aug 10- OPEC forecast higher demand for its crude in 2018 on Thursday due to rising global consumption, and pointed to signs of a stronger oil market that suggest an OPEC- led production cut is getting rid of price-sapping excess supply.

  • HANOI, Aug 10- Vietnam's sole refinery operator Binh Son Refining plans to sell 4 percent of its shares in an initial public offering in November and to sell another 49 percent of its shares to strategic investors next year, its chairman said on Thursday. BSR, which runs the Dung Quat oil refinery, Vietnam's only operating refinery, would offer shares at 14,600 dong...

  • *Demand for OPEC crude in 2018 raised by 220,000 bpd. *OPEC output jumps in July, compliance weakens. LONDON, Aug 10- OPEC forecast higher demand for its oil in 2018 due to rising global consumption and slower supply growth from rivals, although another jump in the group's output suggested the market will remain in surplus despite efforts to rein in production.

  • TOKYO, Aug 10- Oil futures rose on Thursday after official figures showing U.S. crude inventories fell more than expected, but the market is clearly settling into a range amid quiet trading, analysts said. Brent crude, the global benchmark, was up 18 cents, or 0.3 percent, at $52.88 at around 0617 GMT, after falling slightly earlier. "Broadly I think the market is trading...

  • TOKYO, Aug 10- Oil futures inched down on Thursday despite official figures showing U.S. crude inventories fell more than expected, with an analyst saying the market had settled into a range. Brent crude, the global benchmark, was down 4 cents, or 0.1 percent, at $52.66 at around 0232 GMT, after earlier trading as high as $52.80. West Texas Intermediate crude was down 3...

  • Brent crude, the global benchmark, was up 8 cents, or 0.15 percent, at $52.78 at 0015 GMT. West Texas Intermediate crude was up 8 cents, or 0.2 percent, at $49.64, after rising 0.8 percent in the previous session. The deal has supported prices but a recovery in output in Libya and Nigeria, OPEC members exempt from the cut, has also complicated the initiative.

  • *WTI price of $48.16- $48.37/ bbl called zone of support. NEW YORK, Aug 9- Oil prices were about 1 percent higher on Wednesday after a report showed U.S. refineries processed record amounts of crude in the latest week, eating into inventories, although a surprise jump in gasoline stockpiles limited price gains. "A drop in crude oil imports and another step up in refinery...

  • Aug 9- U.S. crude stockpiles fell last week as refineries boosted output to the highest percentage of capacity in 12 years, the Energy Information Administration said on Wednesday, but a surprise increase in gasoline stocks capped gains in oil prices. Crude inventories fell by 6.5 million barrels in the week to Aug. 4, compared with expectations for a decrease of...