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Refiner goes belly-up after big payouts to Carlyle Group

NEW YORK (Reuters) - Throughout 2016 and 2017, a rail terminal built to accept crude oil for the largest East Coast refinery often sat idle, with few trains showing up to unload.


CORRECTED -Chevron restarts drilling in Kurdistan region of Iraq (Feb 19)

Feb 19 (Reuters) - U.S. oil company Chevron Corp on Monday said it had resumed drilling operations in the Kurdistan region of Iraq (KRI).


REFILE-UPDATE 3-Papua New Guinea LNG partners set plans for big expansion

MELBOURNE, Feb 20 (Reuters) - Global giants ExxonMobil Corp and France's Total SA have reached broad agreement on plans to double gas exports from Papua New Guinea, their partner Oil Search Ltd said on Tuesday.


REFILE-Oil markets mixed on lower Canadian flows, firmer dollar

* Overall markets well supported by ongoing OPEC production cuts


NuStar, other energy partnerships simplify business models to spur growth

HOUSTON (Reuters) - Some publicly-traded U.S. energy pipeline and oil-storage partnerships are restructuring into simpler business models to help attract new investors and spur growth.


UPDATE 1-Oil Search 2017 profit surges; outlines PNG expansion

Feb 20 (Reuters) - Australia's Oil Search on Tuesday reported a near threefold rise in annual core profit, underpinned by robust sales and rising oil and gas prices, and outlined a major expansion in Papua New Guinea.


PNG LNG, Papua LNG partners agree on 8 mtpa LNG expansion - Oil Search

MELBOURNE, Feb 20 (Reuters) - ExxonMobil Corp, Total SA and their partners in gas projects in Papua New Guinea (PNG) have broadly agreed on how they want to expand the PNG LNG project using gas from new and existing fields, Oil Search Ltd said on Tuesday.


Chevron restarts drilling in Kurdistan region of Iraq

Feb 19 (Reuters) - U.S. oil company Chevron Corp on Monday said it had resumed drilling operations in the Kurdistan region of Iraq (KRI).


British Columbia challenges Alberta wine ban in oil row

VANCOUVER, Feb 19 (Reuters) - British Columbia said on Monday that it will formally challenge a ban of its wine by Alberta under Canada's national free-trade pact, as a battle between the two provinces over a crude oil pipeline expansion project rages on.


Cleanup underway after Centurion pipeline oil spill in Oklahoma: media

(Reuters) - A cleanup is underway after oil spilled into a pond from a pipeline that burst near a neighborhood in Yukon, Oklahoma, early on Sunday, media website reported.


Cleanup underway after Centurion pipeline oil spill in Oklahoma -media

Feb 19 (Reuters) - A cleanup is underway after oil spilled into a pond from a pipeline that burst near a neighborhood in Yukon, Oklahoma, early on Sunday, media website reported.


EMERGING MARKETS-Brazil stocks up on corporate newsflow; trading volumes thin

By Bruno Federowski SAO PAULO, Feb 19 (Reuters) - Brazilian stocks rose on Monday on thin trading volumes following a heavy batch of corporate updates. The benchmark Bovespa stock index rose 0.3 percent, supported by shares of state-controlled oil company Petróleo Brasileiro SA on the heels of rising crude prices. Shares in electronics and appliance retailer Via Varejo SA rose 1.1 percent following solid fourth-quarter earnings figures. Fibria Celulose SA and Suzano Papel e


Bobsleigh: Canada's Kripps has gold in his sights

PYEONGCHANG, South Korea (Reuters) - Canada's Justin Kripps was closing on his first Olympic gold medal in the two-man bobsleigh final on Monday as German sleds in second and third place threatened to spoil his party with one run left.


ExxonMobil acquires 2.5 pct stake in the BTC oil pipeline

BAKU, Feb 19 (Reuters) - U.S. oil major ExxonMobil has acquired 2.5 percent stake in the Azeri Baku-Tbilisi-Ceyhan (BTC) pipeline from CIECO, a subsidary of Itochu, an ExxonMobil official said on Monday.


For timing of Aramco IPO, watch forward oil price curve

LONDON (Reuters) - It's the burning question in the oil industry: when will Saudi Arabia pull the trigger on the Aramco stock market listing?


BRIEF-Samsung Engineering wins $1.03 bln order to build oil refining plant

* Says awarded 1.1 trillion won ($1.03 billion) contract to build an oil refining plant in Oman

Ex-Russian ambassador calls allegations a 'hunting spree'

The former Russian ambassador to the US called the allegations that Russia meddled in the US election part of a "hunting spree" and says it has "spoiled the trust" between the two nations.


ADM, Syngenta settle lawsuit over biotech corn exports to China

CHICAGO (Reuters) - U.S. grain merchant Archer Daniels Midland Co has settled a lawsuit with Syngenta over the seed company's launch of a biotech corn strain that roiled grain exports to China, according to regulatory documents filed on Friday.


Mexico's Pemex says no immediate reports of quake damage at its plants

MEXICO CITY, Feb 16 (Reuters) - The installations of Mexican national oil firm Pemex appear not to have sustained any damage after a 7.2 magnitude earthquake struck southern Mexico on Friday, the company's chief executive said.


CANADA STOCKS-TSX racks up best week in two years as oil shares rise

Feb 16 (Reuters) - Canada's main stock index rose on Friday as a boost from the heavyweight energy sector helped the market rack up its best weekly performance in nearly two years.


U.S. spending bill expands carbon tax credit, boosting oil producers

HOUSTON (Reuters) - A little-noticed addition to the U.S. budget deal approved last week will help Occidental Petroleum Corp and other oil producers by more than tripling a tax credit for injecting carbon dioxide back into the earth to increase crude output.


U.S. senator's biofuel overhaul faces resistance

SAN ANTONIO, Texas (Reuters) - Texas Senator John Cornyn’s plan to overhaul U.S. biofuels policy faces resistance from the oil and ethanol sectors, reducing chances of a reboot to the controversial regulations, sources familiar with the matter said.


Berlinale film shows refugees' lives at historic airport

BERLIN (Reuters) - In 2015, with Germany facing turmoil after flinging its doors open to a million refugees, Berlin repurposed a defunct airport to house them, creating an ad hoc village that is the...


Dashed hopes for Mexico oil boom leave Gulf Coast hotels idle

MEXICO CITY (Reuters) - When a Mexican real estate investment trust bought four hotels along the country's Gulf coast operating under the Marriott, Quality Inn and Fiesta Inn brands, it expected the government's recent energy reform to attract droves of oil executives, engineers and technicians.


UK Stocks-Factors to watch on Feb 16

Feb 16 (Reuters) - Britain's FTSE 100 index is seen opening 30 points higher at 7,264.8 on Friday, according to financial bookmakers. * VIRGIN MONEY: Virgin Money formed a rare female chair and chief executive team among Britain's top 350 listed companies by hiring former HSBC HSBA.L executive Irene Dorner as chairwoman. * TULLOW OIL: British oil firm Tullow oil has picked electrical engineer and businessman Kweku Awotwi as the new head of its Ghana operations after the retirem


UPDATE 1-Canada regulator allows more Kinder Morgan pipeline construction

VANCOUVER, Feb 15 (Reuters) - Canadian regulator National Energy Board (NEB) on Thursday issued rulings that allow Kinder Morgan Canada to do additional construction work on an oil pipeline expansion that is fiercely opposed by the province of British Columbia.


Months away from Malaysian election, EU's move stirs discontent in palm groves

KUALA LUMPUR (Reuters) - An EU decision to curb palm oil imports was the last thing Malaysian Prime Minister Najib Razak needed ahead of a coming election, with rural voters already aggrieved over financial scandals at state-owned palm oil agency Felda.


Exclusive: Mexico foreign minister heads to Caribbean to win over Venezuelan allies - official

MEXICO CITY (Reuters) - Mexico's foreign minister will travel to Jamaica, Grenada and Saint Lucia in March, a Mexican official said on Thursday, as part of efforts to erode Venezuela's oil-based influence in the Caribbean.


UPDATE 1-BHP Billiton to drill two new deepwater wells in Trion this year

MEXICO CITY, Feb 15 (Reuters) - Drilling of a new appraisal well and a separate exploration well in BHP Billiton deepwater Trion project will begin later this year, part of a plan approved by Mexican regulators on Thursday that also revised downward the project's estimated oil and gas resources.

Woman reading grandson's journal may have foiled a school attack

A woman in Everett, Washington, was looking through her grandson's journal Monday night when she found something that would forever change her view of him.


Startling orangutan population decline recorded in Borneo

WASHINGTON (Reuters) - Hunting by people and habitation destruction by oil palm, paper, logging and mining industries helped drive a startling drop of about 50 percent in the orangutan population on the island of Borneo from 1999 to 2015, scientists said on Thursday.


Washington state likely to deny permits for Trump oil drilling plan: official

NEW YORK (Reuters) - Washington state is preparing to reject land leases and easements to stymie the Trump administration's plan to allow oil drilling off its shores, an official of the Pacific northwest state said on Thursday.


UPDATE 7-Oil mixed, Brent eases on U.S. dollar weakness, WTI edges higher

* Saudi Arabia would rather see tight market than end cuts early


Congo defends right to explore for oil in national parks

DAKAR (Reuters) - Democratic Republic of Congo's oil minister on Thursday defended the country's right to explore for oil anywhere on its territory after media reports that President Joseph Kabila approved drilling in Africa's largest tropical rainforest reserve.


A year into OPEC's production cuts, Asia's oil markets have tightened

SINGAPORE (Reuters) - Just over a year into production cuts lead by OPEC and Russia, oil markets in Asia have tightened noticeably as significant amounts of excess crude have been taken off tankers used for storage and delivered to customers across the region.


Hedge funds wager on inflation with consumer, materials shares

NEW YORK (Reuters) - Several big-name hedge funds made bets on consumer discretionary and materials stocks at the end of 2017 that could benefit from the signs of rising inflation that have roiled...


World Chess Federation says Swiss accounts frozen over Syria sanctions

ATHENS (Reuters) - The World Chess Federation (FIDE) says its Swiss bank accounts have been frozen because its president - with whom the FIDE secretariat is embroiled in a power struggle - is under U.S. sanctions for alleged dealings with the Syrian government.


UPDATE 6-Oil rebounds after U.S. inventory figures, Saudi comments

* Saudi Arabia says prefers tighter market to early exit from cuts


Higher wages, fuel prices turn up cost pressure on airlines

BERLIN (Reuters) - With inflation paramount in investors' minds at a time of rising wages and oil prices, the line separating winners and losers in the global airline industry this year looks likely to be drawn on how well they manage costs, especially on the labor side.


Appeal court rules Nigerians cannot pursue Shell spill claim in England

LONDON/YENAGOA, Nigeria (Reuters) - The Court of Appeal in London ruled on Wednesday that two Nigerian communities cannot pursue Royal Dutch Shell in English courts over oil spills in Nigeria's Delta region.


Physical oil market sends warning to OPEC: Rout might not be over

LONDON (Reuters) - As OPEC watches a near 15 percent drop in the oil price in three weeks, important indicators in the physical crude market are flashing signals that the decline might be far from over.


CORRECTED-UPDATE 2-Australia's Woodside to raise $2 bln for Scarborough stake, oil and gas projects

* Woodside to pay ExxonMobil up to $744 mln for Scarborough stake


Sime Darby's Africa ambitions stall pending new deforestation rules

GBAH, Liberia/KUALA LUMPUR (Reuters) - When Malaysia's biggest plantation company Sime Darby leased 220,000 hectares of lush forest in northwest Liberia in 2009, executives said they had found a much needed new frontier in global palm oil development.


Oil stable on weaker dollar and healthy economic growth, but pockets of oversupply linger

* But physical crude falls as exporters compete for customers


UPDATE 2-Australia's Woodside to raise $2 bln for Scarborough stake, oil and gas projects

* Woodside to pay ExxonMobil up to $744 mln for Scarborough stake


Explainer: Rising U.S. inflation and what it means for markets

(Reuters) - U.S. financial markets have been roiled recently by something neither the economy nor investors have had to contend with for the better part of a decade: concerns they may soon have to reckon with rising inflation.


Investors most neutral on U.S. bonds since October -JPMorgan

NEW YORK, Feb 13 (Reuters) - The share of investors holding longer-dated U.S. Treasuries equal to their benchmarks rose to its highest in about four months following last week's market turmoil, JPMorgan Chase & Co's latest client survey showed on Tuesday. Benchmark 10-year Treasury yields hit a four-year high of 2.902 percent on Monday on concerns about rising inflation and increased borrowing to fund more federal spending. The 10-year yield swung in a 24 basis point trading range la


UPDATE 7-Oil prices rebound, but IEA forecast stokes supply worries

* 2018 oil demand to rise by 1.59 mln bpd to 98.6 mln bpd - OPEC

American oil boom could spoil OPEC's plans


Surge in global oil supply may overtake demand in 2018: IEA

LONDON (Reuters) - The rise in global oil production, led by the United States, is likely to outpace growth in demand this year, the International Energy Agency said on Tuesday.


Oil prices firm as global stock markets rebound

* API to report storage estimates on Tuesday, EIA on Wednesday

Oil Spills

A Nearly Invisible Oil Spill Threatens Some of Asia’s Richest Fisheries

Caused by a fiery collision in the East China Sea, the spill has created an environmental disaster that has tested China’s ability to lead.


Top U.S. diplomat urges action on harassment as issue roils White House

CAIRO (Reuters) - U.S. Secretary of State Rex Tillerson on Monday urged department employees to intervene if they witness sexual harassment, two days after U.S. President Donald Trump expressed sympathy for those accused of harassment and not given due process.

Hurricane Maria (2017)

Time Is Running Out for Puerto Ricans Sheltering in Hotels

Hotel rooms provided by FEMA have been a rare source of stability amid the turmoil brought by Hurricane Maria. But Puerto Rican families worry about what comes next.


BRIEF-Stamper Oil & Gas Announces News Oil Discovery And Well Flow Test Results On Block 25

* STAMPER OIL & GAS ANNOUNCES NEWS OIL DISCOVERY AND WELL FLOW TEST RESULTS ON BLOCK 25 Source text for Eikon: Further company coverage: (Bengaluru Newsroom)


Big Oil takes stage for post-austerity beauty contest

LONDON (Reuters) - With years of austerity in their rear-view mirrors, the world's biggest oil companies are locked in a beauty contest to lure investors with promises of growth and greater rewards.

Domestic Violence

Abuse Case Exposes Fissures in a White House in Turmoil

Aides to President Trump said they remained confused and upset over the handling of the accusations against Rob Porter, the staff secretary who stepped down.


Oil firms as stocks markets steady

* Soaring U.S. output undermines OPEC efforts to prop up prices

The Kings of Big Spring: God, Oil, and One Family's Search for the American Dream (Book)

Q. & A.: Tell Us 5 Things About Your Book: A Texas Oil Boom Fuels a Family Saga

In “The Kings of Big Spring,” Bryan Mealer writes about four generations of his family, and how their fortunes rose and fell with geysers of oil.


Swiss overpower unified Korean women's team

GANGNEUNG, South Korea (Reuters) - Switzerland's Alina Muller almost single-handedly spoiled Korea's Olympic unity moment on Saturday, scoring four goals to power the Swiss to an 8-0 win over Korea's unified women's ice hockey team.


Critics in Merkel's conservatives vow to block coalition projects

BERLIN (Reuters) - The business wing of Chancellor Angela Merkel's conservatives on Saturday vowed to block certain projects included in this week's coalition agreement with the Social Democrats (SPD), as tensions roiled both political blocs.

Porter, Robert R (1977- )

News Analysis: Amid Turmoil From Washington to Wall Street, a Surprisingly Passive President

President Trump stayed largely on the sidelines as a volatile stock market plunged, Congress sealed a budget deal and a top aide was ousted over abuse charges.


Canada province sets task force in oil versus wine trade battle

VANCOUVER, Feb 9 (Reuters) - Canada's oil-rich province of Alberta ramped up its fight with western neighbor British Columbia over a crude oil pipeline expansion on Friday, announcing a task force to prepare new retaliatory measures in the trade battle. * British Columbia last week provoked the ire from Alberta when it said it would restrict increased oil shipments through the province, a move seen as an attack on Kinder Morgan Canada's Trans Mountain pipeline expansion pro


UPDATE 1-Investor files lawsuit over U.S. LJM fund that lost most of its value

NEW YORK, Feb 9 (Reuters) - An investor on Friday filed a lawsuit against managers of a U.S. mutual fund that relied heavily on a strategy that profits from calm markets but lost four-fifths of its value in turmoil this week.


Texas drilling permits, completions rise as crude prices firm

HOUSTON, Feb 9 (Reuters) - Texas oil and gas producers received 1,166 drilling permits last month, a 21 percent increase over year-ago levels, the state energy regulator said on Friday, after filings surged on the back of higher crude prices.


Burying carbon emissions gets boost in U.S. budget deal

WASHINGTON (Reuters) - Oil drillers that use a method to store carbon dioxide emissions underground to boost crude production, a technique that coal miners and some environmentalists support, got a boost in the budget agreement President Donald Trump signed on Friday.

Shirtless Tongan comes out all oily again

Pita Taufatofua, the Tongan athlete who became an instant Olympic icon when he emerged shiny and shirtless carrying his country's flag during the Olympic Opening Ceremonies in Rio two years ago, has done it again.


Oil slides towards weekly loss on excess supply worries

LONDON (Reuters) - Oil prices fell for a sixth day on Friday, and were on track for their biggest weekly losses in 10 months, as record-high U.S. crude output added to concerns about a sharp rise in global supplies.


How soaring U.S. oil exports to China are transforming the global oil game

SINGAPORE (Reuters) - Bit by bit, the U.S. petroleum industry is turning world oil markets inside out.


CORRECTED-UPDATE 2-China plans to launch crude oil futures on March 26 - sources

* China oil futures contract to rival existing oil benchmarks


Nothing good about U.S. list of Russian oligarchs -Lukoil CEO

MOSCOW, Feb 9 (Reuters) - A list of Russian oligarchs identified by the U.S. Treasury Department does not mean anything good, Vagit Alekperov, president of oil producer Lukoil , said on Friday.


Oil falls for sixth day as supply fears mount

TOKYO (Reuters) - Oil prices fell for a sixth day on Friday after Iran announced plans to boost production and U.S. crude output hit record highs, adding to concerns about a sharp rise in global supplies.


U.S. oil falls for sixth day as supply fears mount

TOKYO (Reuters) - U.S. oil prices fell for a sixth day on Friday after Iran announced plans to boost production and U.S. crude output hit record highs, adding to concerns about a sharp rise in global supplies.


Asia stocks pummeled by fresh Wall Street slide, safe havens in demand

TOKYO (Reuters) - Asian stocks tumbled on Friday after Wall Street shares suffered yet another big slide amid worries over rising bond yields, while perceived havens such as the yen and Swiss franc drew demand amid the turmoil.

Stocks and Bonds

Stocks on Wall St. Resume Their Sell-Off

Wall Street, roiled this week by the most turbulence in years, broke from a brief respite on Thursday, entering a market correction.

International Olympic Committee

The Quiet Diplomacy to Save the Olympics in a Nuclear Standoff

Organizers worried that the North would spoil the Winter Games in Pyeongchang. But after months of anxiety and failed diplomacy, there was a deal.


Review: In ‘The 15:17 to Paris,’ Real Heroes Portray Their Heroism

A foiled terrorist attack inspires an effective, stripped-down film from Clint Eastwood starring three men who helped save the day.


UPDATE 7-Oil falls to 6-wk low as U.S. output soars, N. Sea pipeline restarts

* The U.S. shale revolution: (Adds quote, latest prices)


Trump offshore oil drilling plan draws protest in California

SACRAMENTO, Calif. (Reuters) - Environmental activists in California on Thursday plan to protest a Trump Administration proposal to vastly increase offshore oil drilling in the United States.

Oil (Petroleum) and Gasoline

Op-Ed Columnist: Apocalypse Not

The “peak oil” scare comes to naught again, like other scares.


UPDATE 4-Oil slides as U.S. output soars and North Sea crude flows restart

* The U.S. shale revolution: (Updates with Forties pipeline restart, adds comment; previous dateline SINGAPORE)


Texas flood: U.S. oil exports pour into markets worldwide

NEW YORK/LONDON/SINGAPORE (Reuters) - In the two years since Washington lifted a 40-year ban on oil exports, tankers filled with U.S. crude have landed in more than 30 countries, ranging from massive economies like China and India to tiny Togo.


UPDATE 2-Oil prices fall as U.S. output soars above 10 million bpd

* Brent crude falls to 2018 low before recovering some losses


BRIEF-Suncor Energy Q4 FFO Per Share C$1.83



Oil prices fall as U.S. output soars above 10 million bpd

* Forties pipeline outage in North Sea provides some price-support


California says will block crude oil from Trump offshore drilling plan

SACRAMENTO, Calif. (Reuters) - California will block the transportation through its state of petroleum from new offshore oil rigs, officials told Reuters on Wednesday, a move meant to hobble the Trump administration’s effort to vastly expand drilling in U.S. federal waters.


U.S. closer to decision on sanctioning Venezuela oil: Tillerson

KINGSTON (Reuters) - The United States is closer to deciding whether to impose sanctions on Venezuelan oil, U.S. Secretary of State Rex Tillerson said on Wednesday, at the end of a five-nation tour of Latin America where he discussed the move with regional leaders.


Amazon's market value on verge of beating out Microsoft

SAN FRANCISCO (Reuters) - Inc on Wednesday was on the verge of ending the day with a stock market value higher than Microsoft Corp's for the first time, as the online shopping behemoth weathered the recent turmoil on Wall Street.


California says it will ban crude from Trump offshore drilling plan

SACRAMENTO, Calif. (Reuters) - California will block the transport of petroleum from new offshore oil rigs through its state, officials told Reuters, a move meant to hobble the Trump administration’s effort to vastly expand drilling in U.S. federal waters.


Mexico sets March Maya oil price for international buyers

MEXICO CITY, Feb 7 (Reuters) - Mexico's state-run oil company Pemex revised its March term pricing formulas for crude oil shipped to customers in the Americas, Europe and the Far East, the company said on Wednesday. The following table lists the adjustments to price constants in the Americas, the U.S. West Coast, Europe and the Far East: DESTINATION FEB CONSTANT MAR CONSTANT ---------------- ---------------- --------------- AMERICAS


BRIEF-Sanders Capital LLC Reports 6.94 Pct Passive Stake In Cabot Oil & Gas Corporation As Of Dec 31



They Foiled a Terror Attack. Now They’re Starring in the Movie.

The three men overpowered an assailant on a European train. When they met Clint Eastwood, they jokingly asked him to direct their story. This is what happened next.


UPDATE 4-Oil steadies, as lower inventories offset by higher U.S. output

* The U.S. shale revolution: (Updates with comment, prices. Changes dateline from SINGAPORE)

N. Korea asks for oil to refuel ship carrying Olympic delegation

North Korea has requested extra oil to help refuel a ship carrying members of its Olympic delegation, Seoul's Unification Ministry said Wednesday.

Can you die of a heart attack caused by smoke?

Caution: This story contains spoilers about the latest episode of NBC's "This Is Us."


Oil rises on report of lower U.S. crude inventories, stock market recovery

SINGAPORE (Reuters) - Oil prices rose on Wednesday amid a share market recovery and supported by a report that U.S. crude inventories fell last week, although analysts warned that soaring U.S. output and a seasonal demand drop could soon weigh on crude.


Nestle stops buying palm oil from Guatemala company accused of corruption

GUATEMALA CITY, Feb 6 (Reuters) - Multinational food and beverage company Nestle said on Tuesday that it would stop buying palm oil from a Guatemalan company that has been accused by the country's prosecutor of corruption.


Oil prices rise on report of decline in U.S. crude stocks

SINGAPORE (Reuters) - Oil prices rose on Wednesday amid a recovery in global stock markets, supported by a report that U.S. crude inventories fell last week.


CORRECTED-Oil prices rise on report of decline in U.S. crude stocks

* Global stock market recovery also supports crude oil futures


Los Angeles Times Said to Be Nearing Sale to Billionaire Doctor

A proposed $500 million sale to Patrick Soon-Shiong comes after months of turmoil and mistrust between the paper’s leaders and newsroom employees.