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Oil and Gas Oil and Gas Refining

  • Aug 21- U.S. biofuels regulations, which mandate mixing corn-based ethanol into gasoline, have lately drawn together a diverse cast of political opponents. They include an upstart gas station owners' trade group, a former Obama administration environmental adviser and billionaire activist investor Carl Icahn, who owns a refiner and served as U.S.

  • NEW DELHI/ MUMBAI, Aug 20- A consortium led by Russian oil major Rosneft will announce on Monday completion of a $12.9 billion deal to acquire Indian private refiner Essar Oil, strengthening ties between the world's largest oil producer and the fastest growing fuel consumer. The purchase is the biggest foreign acquisition ever in India and Russia's largest...

  • *Asia showing signs of stronger demand in H2 2017. Brent crude futures, the international benchmark for oil prices, were at $51.12 per barrel at 0711 GMT, up 9 cents from their last close but still set for a weekly drop of some 2 percent. The Organization of the Petroleum Exporting Countries, together with non- OPEC producers like Russia, has pledged to restrict output...

  • *Asia is showing signs of stronger demand in H2 2017. SINGAPORE, Aug 18- Oil prices dipped on Friday as part of a broad-based selloff across markets and despite signs that crude markets are gradually tightening. Brent crude futures, the international benchmark for oil prices, were at $50.99 per barrel at 0520 GMT, down 4 cents from their last close.

  • *Asia is showing signs of stronger demand in H2 2017. Brent crude futures, the international benchmark for oil prices, were at $51 per barrel at 0414 GMT, down 3 cents from their last close. West Texas Intermediate crude futures were at $47.06 a barrel, also down 3 cents.

  • *Kuwait, Brunei and Azerbaijan supplying Vietnam with crude. SINGAPORE, Aug 18- Vietnam's crude oil imports will soar to record highs in August as the country ramps up fuel refining at a time when local crude output is dwindling. August will mark the first month on record in which Vietnam is a net importer of crude oil, according to shipping data in Thomson Reuters...

  • MEXICO CITY, Aug 17- A tanker carrying a cargo of about 1 million barrels of Venezuelan heavy crude has been stranded for more than a month off the coast of Louisiana for lack of a bank letter of credit to discharge, three sources have told Reuters. Major banks are cutting exposure to Venezuela as a result of political upheaval in the South American country.

  • 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...