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* Diesel, gasoline stocks to drop due to autumn refinery work * Stock declines to support refining margins * But profits to remain under pressure By Ron Bousso and Libby George LONDON, Aug 24 (Reuters) - Oil refiners reeling from tumbling profits can expect some reprieve i
Read moreLONDON, Aug 23 (Reuters) - Gasoline refining margins in northwest Europe fell sharply on Tuesday as crude prices advanced, but stronger export demand to the U.S. and West Africa and refinery outages provided a floor. * Declining inventories on both sides of the Atlantic opened the arbitrage
Read more(Adds OPEC background, gas exports figures) By Maher Chmaytelli BAGHDAD, Aug 23 (Reuters) - Iraq on Tuesday asked foreign oil companies to increase oil output and exports, as Baghdad joined those spotlighting production potential ahead of a major energy gathering late next month. <
Read moreBAGHDAD, Aug 23 (Reuters) - Iraqi Oil Minister Jabar Ali al-Luaibi on Tuesday asked foreign oil companies to increase oil and natural gas production and exports in order to maximise the OPEC nation's revenue, ministry spokesman Asim Jihad told Reuters. Luaibi, who took over the ministry ear
Read more(Adds company declining comment) HOUSTON, Aug 22 (Reuters) - BP Plc's 413,500 barrel per day Whiting, Indiana refinery returned to normal production by Monday morning for the first time since late July, sources familiar with plant operations said. A BP spokesman declined on Monday to
Read moreLONDON, Aug 22 (Reuters) - Gasoline refining margins in northwest Europe rose above $9 a barrel on Monday, supported by stronger exports to North America following recent stock draws. * Inventory draws in the Atlantic basin last week opened the arbitrage out of Europe to the U.S. East Coast
Read moreBAGHDAD, Aug 22 (Reuters) - Iraq wants to review contracts with oil companies to cut the fees that the firms receive when crude prices are low, the OPEC nation's new oil minister said, standing by a demand made by his predecessor. Oil Minister Jabar Ali Al-Luaibi conveyed his position at a
Read moreHOUSTON, Aug 22 (Reuters) - BP Plc's 413,500 barrel per day Whiting, Indiana refinery returned to normal production by Monday morning for the first time since late July, sources familiar with plant operations said. The refinery has been running at reduced production levels since the weekend
Read moreBAKU, Aug 22 (Reuters) - Oil output from BP-led oilfields in Azerbaijan in the first half of 2016 rose year-on-year to 16 million tonnes (655,000 barrels per day) from 641,000 bpd in the same period last year, BP-Azerbaijan said on Monday. January-June natural gas production stood at 5.4 b
Read moreLONDON, Aug 19 (Reuters) - Gasoline refining margins in northwest Europe rose on Friday supported by tightening of stocks in the Atlantic basin and outages in key U.S. Gulf Coast refineries * Outages at two refineries in the U.S. Gulf Coast - Motiva Enterprise's Convent refinery and Exxon's
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(ShareCast News) - UK stocks whimpered to a lower close on Friday as sterling lost traction on renewed Brexit fears and commodity prices headed south. The spectre of the Lisbon Treaty's Article 50 rose once more, following a media report that claimed UK Prime Minister Theresa May was sympathetic to
Read more* Stocks lower on indexes around the globe * Comments from Fed heads push investors to rethink July minutes * Dollar rises on increased Fed hike odds (Updates to U.S. market open, adds quotes, changes dateline, previous LONDON) By Dion Rabouin NEW YORK, Aug 19 (Reuters)
Read more(Updates prices) * European shares -1% on the week, oil at 8-wk high * All eyes on Fed, Jackson Hole meeting next week * Oil snaps 6-day rally on hopes of production cuts * U.S. dollar stuck near 8-wk lows vs euro * European earnings f'casts: http://reut.rs/2553txNRead more
(ShareCast News) - Oil giant BP is courting new investors to avoid a repeat of the pay row for its chief executive. In April, the board voted against a £14m pay package for its chief executive Bob Dudley and Sky News reported on 18 August the company had met with potential investors recently to d
Read more(ShareCast News) - A lawyer has been acquitted on charges he made up thousands of false clients to sue oil giant BP for damages caused by the April 2010 Gulf of Mexico oil spill. Under a 2012 settlement BP agreed to compensate businesses and individuals affected by the disaster. Mikal Watts had alle
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