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Oil and Gas Oil and Gas Refining

  • TIGUENTOURINE/ LONDON, Algeria, Jan 16- Algeria's state oil firm Sonatrach will exchange crude for refined products with the world's largest oil trader Vitol, a Sonatrach official said of the rare move that aims to reduce a record fuel import bill. Sonatrach, Algeria's only domestic oil producer, produced about 1 million bpd of crude in December, according to the...

  • BEIJING, Jan 16- China's natural gas consumption will rise by 10 percent and imports by 13.4 percent in 2018, China National Petroleum Corp forecast on Tuesday, boosted by a steady push to replace coal with the cleaner-burning fuel to curb air pollution. China's gas demand will reach 258.7 billion cubic meters this year and total natural gas imports will grow to...

  • BEIJING, Jan 16- China's natural gas consumption will rise by 10 percent in 2018 to 258.7 billion cubic meters, China National Petroleum Corp forecast on Tuesday, boosted by a steady push to replace coal with the cleaner fuel to curb air pollution. CNPC also forecast in its annual outlook, released by the state oil giant's research institute, that China's total...

  • *Oil propped up by OPEC/ Russia- led production cuts. CALGARY, Alberta, Jan 15- Oil hovered near a three-year high above $70 a barrel on Monday on signs that production cuts by OPEC and Russia are tightening supplies, although analysts warned of a "red flag" due to surging U.S. production. A production-cutting pact between the Organization of the Petroleum Exporting...

  • *Oil propped up by OPEC/ Russia- led production cuts. CALGARY, Alberta, Jan 15- Oil hovered near a three-year high above $70 a barrel on Monday on signs that production cuts by OPEC and Russia are tightening supplies, although analysts warned of "red flags" due to surging U.S. production. A production-cutting pact between the Organization of the Petroleum Exporting...

  • *Oil propped up by OPEC/ Russia- led production cuts. LONDON, Jan 15- Oil hovered near a three-year high of $70 a barrel on Monday on signs that production cuts by OPEC and Russia are tightening supplies, but analysts warned of "red flags" due to surging U.S. production. A production-cutting pact between the Organization of the Petroleum Exporting Countries, Russia and...

  • *Oil propped up by OPEC/ Russia- led production cuts. LONDON, Jan 15- Oil hovered below a three-year high near $70 a barrel on Monday on signs that production cuts by OPEC and Russia are tightening supplies, but analysts warned of "red flags" due to surging U.S. production. A production-cutting pact between the Organization of the Petroleum Exporting Countries, Russia...

  • *GRAPHIC: Asia refining margins vs. LAUNCESTON, Australia, Jan 15- The standout feature of China's crude oil and product trade data for December was the surge in exports of refined fuels to a record, but it already appears that this dynamic may not be sustainable. This meant that Chinese refiners were able to take advantage of strong prices for products in December,...

  • *Oil propped up by OPEC/ Russia- led production cuts. LONDON, Jan 15- Oil hovered below a three-year high near $70 a barrel on Monday on signs that production cuts by OPEC and Russia are tightening supplies, but analysts warned of "red flags" due to surging U.S. production. A production-cutting pact between the Organization of the Petroleum Exporting Countries, Russia...

  • BEIJING, Jan 12- China's commodities buying spree eased slightly in December, with copper, iron ore and crude oil imports all falling from bumper levels a month earlier, the latest sign that Beijing's anti-smog crackdown is slowing industrial activity. The drop contributed to an overall deceleration in China's imports and exports, which highlighted ebbing...

  • *GRAPHIC: Asia refining margins vs. LAUNCESTON, Australia, Jan 15- The standout feature of China's crude oil and product trade data for December was the surge in exports of refined fuels to a record, but it already appears that this dynamic may not be sustainable. This meant that Chinese refiners were able to take advantage of strong prices for products in December,...

  • *China's weak December oil data weighs. LONDON, Jan 12- Oil prices eased on Friday after hitting a three-year high of more than $70 a barrel the previous day, but they remained on track to post a fourth straight week of gains. The contract broke above $70 on Thursday for the first time since December 2014.

  • *China's weak December oil data weighs. LONDON, Jan 12- Oil prices fell on Friday after hitting a three-year high of more than $70 a barrel the previous day, but they were still on track to post a fourth straight week of gains. The contract broke above $70 on Thursday for the first time since December 2014.

  • *OPEC- led supply cuts, healthy demand support prices. LONDON, Jan 12- Oil prices fell on Friday after hitting a three-year high over $70 a barrel the previous day, but remained on track to post a fourth straight week of gains. The contract broke above $70 on Thursday for the first time since December 2014.

  • *OPEC- led supply cuts, healthy demand support prices. Brent crude futures traded 15 cents lower at $69.11 a barrel at 1011 GMT. The contract broke above $70 a barrel on Thursday for the first time since December 2014.

  • BEIJING, Jan 12- China's commodities buying spree eased slightly in December, with copper, iron ore and crude oil imports all falling from bumper levels a month earlier, the latest sign that Beijing's anti-smog crackdown is slowing industrial activity. The drop contributed to an overall deceleration in China's imports and exports, which highlighted ebbing...

  • *OPEC- led supply cuts, healthy demand have pushed up crude prices. *Expected rise in U.S. crude production could counter OPEC cuts. Although analysts and traders have been warning of the risks of a downward price correction since the start of the year, they point out that overall market conditions remain strong, largely due to ongoing production cuts led by the...

  • *Soaring U.S. output threatens to undermine OPEC's cuts. SINGAPORE, Jan 12- Oil prices have risen above $70 per barrel for the first time since 2014 as investors bet supply cuts led by OPEC will dominate the market this year. "A healthy correction could be on the cards," said Stephen Innes, head of trading for Asia/Pacific at futures brokerage Oanda in Singapore.

  • *OPEC- led supply cuts, healthy demand have pushed up crude prices. *Expected rise in U.S. crude production could counter OPEC cuts. Although analysts and traders have been warning of the risks of a downward price correction since the start of the year, they point out that overall market conditions remain strong, largely due to ongoing production cuts led by the...

  • *OPEC- led supply cuts, healthy demand have pushed up crude prices. *Expected rise in U.S. crude production could counter OPEC cuts. Although analysts and traders have been warning of the risks of a downward price correction since the start of the year, they point out that overall market conditions remain strong, largely due to ongoing production cuts led by the...