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Oil and Gas Oil and Gas Refining

  • 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...

  • *WTI price of $48.16- $48.37/ bbl called zone of support. NEW YORK, Aug 9- Oil prices edged 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. Brent crude, the global benchmark, was up 33 cents, or 0.6 percent, at $52.47...

  • ATHENS, Aug 9- Greek oil producer Energean has exceeded its target for gas sales agreements needed before it goes ahead with plans to tap two gas fields off Israel's coast, market sources said on Wednesday. Energean bought the Karish and Tanin fields, located in deep waters around 100 kilometers off Israel's coast, last August for $148 million from U.S.-Israeli...

  • *WTI price of $48.16- $48.37/ bbl called zone of support. NEW YORK, Aug 9- Oil prices edged 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. Brent crude, the global benchmark, was up 14 cents at $52.28 at 11:17 a.m....

  • Aug 9- U.S. crude stocks fell last week as refineries boosted output to their highest capacity in 12 years, the Energy Information Administration said on Wednesday, but a surprising increase in gasoline stocks cut into 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 2.7 million...

  • ATHENS, Aug 9- Greek oil producer Energean has exceeded its target for gas sales contracts needed before it goes ahead with plans to tap two gas fields off Israel's coast, market sources said on Wednesday. Energean bought the Karish and Tanin fields, located in deep waters around 100 kilometres off Israel's coast, last August for $148 million from U.S.-Israeli...

  • 1. " China's imports of commodities for July came in better than expected, with the normal seasonal downturn seemingly delayed for another month." 2. " China's July commodity import numbers were a mixed bag as year-on-year growth in energy commodity imports remained strong while iron ore dipped and copper remained steady. 3. " China's commodity import volumes...

  • NEW YORK, Aug 9- Investors have built up a large short position in investor Carl Icahns oil refining company, CVR Energy, in the past three months, according to Reuters data, as evidence mounts that the companys gamble on the biofuels market is going sour. Icahn has been one of the loudest critics of the federal biofuels program. The rising demand and limited supply...

  • *OPEC, other producers struggle to maintain output cuts. TOKYO, Aug 9- Crude futures fell for a third day on Wednesday despite a bigger than expected drop in U.S. oil inventories reported by an industry group, with doubts lingering over OPEC's ability to restrain supply as promised. Benchmark Brent crude was down 27 cents, or 0.5 percent, at $51.87 a barrel at around...

  • *OPEC, other producers struggle to maintain output cuts. TOKYO, Aug 9- Crude futures fell for a third day on Wednesday despite a bigger than expected drop in U.S. oil inventories reported by an industry group, with doubts lingering over OPEC's ability to restrain supply as promised. Benchmark Brent crude was down 27 cents, or 0.5 percent, at $51.87 a barrel at 0233 GMT.