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Oil and Gas Oil and Gas Refining

  • *Libya's Sharara field reopens after repeated disruptions-sources. NEW YORK, Aug 22- Oil inched up on Tuesday, lifted by expectations of another crude stockpile drawdown in the United States but price gains were limited amid the reopening of Libya's largest oil field. Libya's Sharara oil field was gradually reopening after its latest shutdown, field workers...

  • Benchmark Brent crude was up 30 cents at $51.96 a barrel by 1345 GMT. "If the downtrend in oil inventories is maintained, then a bullish case can be made for oil, especially given the ongoing supply restrictions from OPEC and Russia," he added. The Organization of the Petroleum Exporting Countries and non- OPEC producers including Russia have pledged to hold back...

  • LONDON, Aug 22- Oil prices steadied on Tuesday, supported by signs that global supply may be tightening gradually and restrained by rising U.S. shale production. "If the downtrend in oil inventories is maintained, then a bullish case can be made for oil, especially given the ongoing supply restrictions from OPEC and Russia," he added. The Organization of the...

  • LONDON, Aug 22- Oil prices rose on Tuesday, lifted by indications that supply may be tightening gradually, especially in the United States. "If the downtrend in oil inventories is maintained, then a bullish case can be made for oil, especially given the ongoing supply restrictions from OPEC and Russia," he added. The Organization of the Petroleum Exporting Countries...

  • LONDON, Aug 22- Oil prices rose on Tuesday, lifted by indications that supply is gradually tightening, especially in the United States. Brent crude oil was up 40 cents at $52.06 a barrel by 0715 GMT. "If the downtrend in oil inventories is maintained, then a bullish case can be made for oil, especially given the ongoing supply restrictions from OPEC and Russia," he added.

  • SINGAPORE, Aug 22- Oil prices rose on Tuesday, lifted by indications that supply is gradually tightening, especially in the United States. If the downtrend in oil inventories is maintained, then a bullish case can be made for oil, especially given the ongoing supply restrictions from OPEC and Russia, "said Fawad Razaqzada, market analyst at futures brokerage...

  • If the downtrend in oil inventories is maintained, then a bullish case can be made for oil, especially given the ongoing supply restrictions from OPEC and Russia, "said Fawad Razaqzada, market analyst at futures brokerage Forex.com. Erik Norland of CME Group, a major commodity exchange, said "it looks like the growth in U.S. production is quickly running out of steam...

  • *Rosneft to double Vadinar refinery capacity. *Rosneft may supply Venezuelan oil to Vadinar refinery. The deal is the first foray by Rosneft into Asia's refining sector and the biggest foreign acquisition ever in India, as well as Russia's largest outbound one.

  • 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...