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Oil and Gas Oil and Gas Refining

  • *Rising Libya, Nigeria output undermines OPEC supply cut. LONDON, July 19- Oil prices traded higher on Wednesday, supported by a strong gasoline market, but rising output from OPEC producers revived concerns about a fuel supply overhang. Brent crude futures, the international benchmark, were up 11 cents at $48.95 per barrel at 0925 GMT.

  • *Rising Libya, Nigeria output undermines OPEC supply cuts. SINGAPORE, July 19- Oil prices fell on Wednesday after a rise in U.S. crude inventories and ongoing high output from OPEC producers revived concerns of a fuel supply overhang. Outside the United States, supplies from the Organization of the Petroleum Exporting Countries remained high, largely due to...

  • *Rising Libya, Nigeria output undermines OPEC supply cuts. Outside the United States, supplies from the Organization of the Petroleum Exporting Countries remained high, largely because of rising output from member-states Nigeria and Libya, despite the club's pledge to cut production. The French bank said that the rising output from Nigeria and Libya eroded...

  • Rising Libya, Nigeria output undermines OPEC supply cuts. Outside the United States, supplies from the Organization of the Petroleum Exporting Countries remained high, largely because of rising output from member-states Nigeria and Libya, despite the club's pledge to cut production. "Nigeria and Libya have made significant progress in reinstating their...

  • *Ecuador non-compliance with cuts could complicate OPEC deal. NEW YORK, July 18- Oil prices rose slightly on Tuesday as Saudi exports fell and solid demand soaked up some of what is seen as an oversupplied market, but Ecuador's decision to opt out of an OPEC- led supply reduction pact complicated the outlook. Benchmark Brent crude settled up 42 cents at $48.84 a...

  • *Ecuador non-compliance with cuts could complicate OPEC deal. NEW YORK, July 18- Oil prices rose slightly on Tuesday as Saudi exports fell and solid demand soaked up some of what is seen as an oversupplied market, but Ecuador's decision to opt out of a supply reduction pact complicated the outlook for the OPEC- led cut agreement. Benchmark Brent crude settled up 42...

  • *Ecuador non-compliance with cuts could complicate OPEC deal. NEW YORK, July 18- Oil prices rose slightly on Tuesday as solid demand soaked up some of what is seen as an oversupplied market, but Ecuador's decision to opt out of a supply reduction complicated the outlook for an OPEC- led cut agreement. Although many OPEC countries have restricted production, others...

  • *OPEC- shale "tug of war" keeping market range-bound. LONDON, July 18- Oil prices rose on Tuesday as demand soaked up some of the surplus supplies from OPEC and the United States, but traders said the market remained in a tight range and showed few signs of big short-term moves. A deal by the Organization of the Petroleum Exporting Countries with Russia and other non-...

  • *OPEC- shale "tug of war" keeps market fairly range-bound. LONDON, July 18- Oil rose on Tuesday as demand soaked up some of the surplus supplies from OPEC and the United States, but traders said the market was trading in a tight range and showed few signs of big short term moves. A deal by the Organization of the Petroleum Exporting Countries with Russia and other non- OPEC...

  • *OPEC- shale "tug of war" keeping market range-bound. *Rising oil production in Libya, Nigeria, United States. LONDON, July 18- Oil markets steadied on Tuesday, supported by firm demand but weighed down by high supplies from OPEC and producers in the United States.

  • LONDON, July 18- Oil markets steadied on Tuesday, supported by firm demand but weighed down by high supplies from OPEC and producers in the United States. Benchmark Brent crude was down 10 cents at $48.32 a barrel by 0720 GMT. A deal by the Organization of the Petroleum Exporting Countries with Russia and other non- OPEC producers to cut supplies by around 1.8...

  • SINGAPORE, July 18- Oil markets were treading water on Tuesday, supported by firm demand but weighed down by ongoing high supplies from producer club OPEC and also the United States. A deal by the Organization of the Petroleum Exporting Countries with Russia and other non- OPEC producers to cut supplies by around 1.8 million barrels per day between January this...

  • SINGAPORE, July 18- Oil prices were stable on Tuesday, supported by strong consumption but weighed by ongoing high supplies from producer club OPEC and also the United States. A deal by the Organization of the Petroleum Exporting Countries with Russia and other non- OPEC producers to cut supplies by around 1.8 million barrels per day between January this year...

  • *Kuwait says market on path to rebalancing. NEW YORK, July 17- Oil prices were about 1 percent lower on Monday as investors continued to await strong indications that an OPEC- led effort to drain a glut was proving effective but output increases in some top producers eased, keeping losses in check. RIG-OL-USA- BHI> Rig additions over the past four weeks averaged five,...

  • *Kuwait says market on path to rebalancing. NEW YORK, July 17- Oil prices were little changed on Monday as output increases in some top producers eased, but investors continued to await strong indications that an OPEC- led effort to drain a glut was proving effective. Brent crude fell 24 cents to $48.67 a barrel by 11:51 a.m. EDT.

  • *China's refiners process near record amounts of crude oil. SINGAPORE, July 17- Oil prices inched up on Monday, supported by a slowdown in the growth of rigs looking for crude in the United States and because of strong refinery demand from China. Brent crude futures were at $49.02 per barrel at 0656 GMT, up 11 cents, or 0.2 percent, from their last close.

  • BEIJING, July 17- China's oil refineries ramped up throughput in June to the second highest on record, with some independent plants raising output even as state oil majors prepare to take drastic steps to cut production during the peak summer season. Throughput last month reached 46.08 million tonnes, or 11.21 million barrels per day, a 2.3- percent rise...

  • *China's refiners process near record amounts of crude oil. SINGAPORE, July 17- Oil prices rose on Monday, supported by a slowdown in the growth of rigs looking for crude in the United States and because of strong refinery demand from China. Brent crude futures were at $49.10 per barrel at 0454 GMT, up 18 cents, or 0.4 percent, from their last close.

  • *China's refiners process near record amounts of crude oil. SINGAPORE, July 17- Oil prices strengthened on Monday, supported by a slowdown in the growth of rigs looking for crude in the United States and because of strong refinery demand from China. Brent crude futures, the international benchmark for oil prices, were at $49.04 per barrel at 0353 GMT, up 13 cents, or...

  • *June throughput hit 46.08 mln T- stats bureau. BEIJING, July 17- China's oil refineries increased throughput in June to their second highest on record, with some independent plants raising output even as state oil majors prepare to take drastic steps to cut production during the peak summer season. Throughput last month reached 46.08 million tonnes, or 11.21...