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Oil and Gas Oil and Gas Refining

  • 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.

  • CARACAS, Venezuela— The Trump administration's decision on Wednesday to slap sanctions on eight members of Venezuela's all-powerful constitutional assembly brings to 30 the number of government loyalists targeted for human rights abuses and violations of democratic norms since anti-government protests began in April. But even as the list of targeted...

  • *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 fall 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 24 cents, or 0.5 percent, at $51.90 a barrel at 0233 GMT.

  • 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...

  • TOKYO, Aug 9- Crude futures fell for a third day in early Asian trading as the market shrugged off a bigger than expected fall in U.S. inventories reported by an industry group as doubts linger over OPEC's ability to restrain supply as promised. "With only a few weeks left of the U.S. summer driving season, investors are starting to debate whether the current OPEC...

  • *Production at Libya's Sharara field returning to normal. *OPEC, non- OPEC technical officials meet in Abu Dhabi. NEW YORK, Aug 8- Oil prices fell on Tuesday, pulling back from recent gains as exports from key OPEC producers rose and despite news of lower crude shipments from Saudi Arabia.

  • *OPEC, non- OPEC technical officials meet in Abu Dhabi. LONDON, Aug 8- Oil prices fell on Tuesday on increasing exports from key OPEC producers despite news of lower crude shipments from Saudi Arabia. Production from Libya's 270,000 bpd Sharara field is returning to normal after a disruption when protesters broke into a control room, the National Oil Corp said.

  • *OPEC, non- OPEC technical officials meet in Abu Dhabi. LONDON, Aug 8- Oil prices steadied on Tuesday after news of lower crude supplies from Saudi Arabia offset higher output from other large producers including the United States. "Support is coming from a stabilising U.S. rig count, falling U.S. inventories and the Saudi cut in exports," Ole Hansen, head of commodity...

  • *OPEC, non- OPEC technical officials meet in Abu Dhabi. LONDON, Aug 8- Oil prices steadied on Tuesday after news of lower crude supplies from Saudi Arabia offset higher output from other large producers including the United States. "Support is coming from a stabilising U.S. rig count, falling U.S. inventories and the Saudi cut in exports," Ole Hansen, head of commodity...

  • CARACAS/ HOUSTON, Aug 8- To survive months of street protests and an economy in tailspin, Venezuelan President Nicolas Maduro is trying to turn state oil company PDVSA into a bastion of support, further degrading an already vulnerable enterprise. The increasing focus on politics over performance is contributing to a rapid deterioration of Venezuela's oil...

  • *First cut for some Asian refiners since OPEC deal. The wider Saudi cuts come as some doubts have emerged about the effectiveness of the OPEC- led agreement. OPEC output hit a 2017 high in July, according to a Reuters OPEC survey, led by a rise in supplies from Nigeria and Libya, which are both exempted from the cuts.

  • *OPEC, non- OPEC technical officials meet in Abu Dhabi. LONDON, Aug 8- Oil prices steadied on Tuesday after news of lower crude supplies from Saudi Arabia offset higher production from other large exporters including the United States. "Support is coming from a stabilizing U.S. rig count, falling U.S. inventories and the Saudi cut in exports," Ole Hansen, head of...

  • *Saudi Arabia plans to cut supplies to most Asia buyers- sources. *OPEC, non- OPEC technical committee officials meeting on Monday. TOKYO, Aug 8- Oil prices slipped in Asian trading on Tuesday following a recovery in output at Libya's largest oil field and as doubts about OPEC- led production cuts continue to drag.