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Oil and Gas Oil and Gas Refining

  • *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...

  • *June throughput hit 46.08 mln T- stats bureau. BEIJING, July 17- China's oil refineries increased throughout 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...

  • LONDON, July 13- Saudi Arabia is trying to support oil prices by reducing its crude shipments to the United States in a bid to cut the amount of oil in commercial storage. U.S. crude imports from Saudi Arabia averaged less than 900,000 barrels per day in the four weeks ending on July 7, according to the U.S. Energy Information Administration. Saudi Arabia is cutting...

  • HOUSTON, July 13- ExxonMobil Corp has been fined about $165,000 by U.S. regulators for safety lapses including inadequate training and equipment maintenance over an explosion that injured four workers at an aging Baton Rouge, Louisiana, refinery last year. Exxon said it is contesting the OSHA citations and fines. The facility was faulted five years ago by the...

  • HOUSTON/ HAVANA, July 13- Venezuela's crude and fuel deliveries to Cuba have slid almost 13 percent in the first half this year, according to documents from state-run oil company PDVSA viewed by Reuters, threatening to worsen gasoline and power shortages in the communist-run island. Venezuela's shipments of crude for Cuba's refineries dropped 21 percent to...

  • *Sweet in excess thanks to Libya, Nigeria and shale. *OPEC sour cuts force refiners to seek alternatives. Since OPEC- organised cuts began siphoning some 1.8 million bpd from the market in January nearly all of it medium and heavy oil the so-called "heavy" or "sour" grades have become the most sought-after barrels.

  • *Sweet in excess thanks to Libya, Nigeria and shale. *OPEC sour cuts force refiners to seek alternatives. Since OPEC- organized cuts began siphoning some 1.8 million bpd from the market in January nearly all of it medium and heavy oil the so-called "heavy" or "sour" grades have become the most sought-after barrels.

  • SINGAPORE, July 13- Oil major BP Plc is shipping diesel from the United States to Australia in an unusual shipping flow, several industry sources told Reuters on Thursday. The Jupiter Express carrying about 35,000 tonnes of diesel loaded from BP's Cherry Point, Washington refinery on June 29 and is currently headed to Botany Bay, New South Wales in Australia,...

  • *Sweet in excess thanks to Libya, Nigeria and shale. *OPEC sour cuts force refiners to seek alternatives. Since OPEC- organised cuts began siphoning some 1.8 million bpd from the market in January nearly all of it medium and heavy oil the so-called "heavy" or "sour" grades have become the most sought-after barrels.

  • *Sweet in excess thanks to Libya, Nigeria and shale. *OPEC sour cuts force refiners to seek alternatives. Since OPEC- organized cuts began siphoning some 1.8 million bpd from the market in January nearly all of it medium and heavy oil the so-called "heavy" or "sour" grades have become the most sought-after barrels.

  • LONDON, July 13- Saudi Arabia is trying to support oil prices by reducing its crude shipments to the United States in a bid to cut the amount of oil in commercial storage. U.S. crude imports from Saudi Arabia averaged less than 900,000 barrels per day in the four weeks ending on July 7, according to the U.S. Energy Information Administration. Saudi Arabia is cutting...

  • NEW YORK, July 12- U.S. crude oil inventories last week dropped the most in ten months, falling more than expected as imports declined and refining rates rose, while gasoline stocks decreased although demand remained lackluster, the Energy Information Administration said on Wednesday. Crude stocks at the Cushing, Oklahoma, delivery hub for U.S. crude futures...

  • NEW YORK, July 12- U.S. crude oil inventories last week dropped the most in ten months, falling more than expected as imports declined and refining rates rose, while gasoline stocks decreased and distillate inventories rose, the Energy Information Administration said on Wednesday. Crude stocks at the Cushing, Oklahoma, delivery hub for U.S. crude futures fell by...

  • LONDON, July 12- The Organization of the Petroleum Exporting Countries coordinates the policies of its members by giving each of them a production allocation rather than limiting how much they can export. OPEC agreements have been specified in terms of output rather than exports since the first allocations were agreed in March 1982. The system originally...