Wednesday, 19 September 2012 22:07
Posted by Muhammad Iqbal
CALGARY: Irving Oil Ltd said on Wednesday that its Saint John, New Brunswick, refinery, Canada's largest, was in its annual maintenance turnaround and that it expected to complete the work in the next few weeks.
"There are no production delays or issues with supply," spokeswoman Lesley Dickson said in an email.
She did not detail which units are undergoing work or describe the impact on output at the 300,000-barrel-a-day plant.
Copyright Reuters, 2012 ...
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NEW YORK: US natural gas futures ended higher on Friday for a second straight day, backed by technical buying and short-covering ahead of the weekend though mild weather forecasts and slowing demand helped limit the upside.
Technical traders noted buying picked up in the last two days as prices rebounded from an oversold condition following a 10 percent slide in five straight sessions. But most agreed the market seemed stuck in a range between $2.70 and ...
NEW YORK: Oil prices closed mixed Thursday after recent sharp falls as investors weighed prospects of weaker energy demand and abundant supplies.
Data showing manufacturing activity in China, the world's largest energy consumer, contracted for the 11th straight month in September hit sentiment.
New York's main contract, light sweet crude for October, dipped 11 cents to settle at $91.87 a barrel in the contract's final trading day.
The benchmark West Texas Intermediate (WTI) futures contract has lost roughly ...
NEW YORK: US spot natural gas prices traded mixed for a second day on Thursday, but most prices, including benchmark Henry Hub gas in Louisiana, rose after four straight losses.
High nuclear power plant outages, a lighter-than-average weekly storage build and stronger gas futures after five declines, combined to support most prices.
But milder autumn weather blanketing much of the nation led to some losses, and is expected to limit further upside, traders said.
Gas for Friday delivery ...
CALGARY: Irving Oil Ltd said on Wednesday that its Saint John, New Brunswick, refinery, Canada's largest, was in its annual maintenance turnaround and that it expected to complete the work in the next few weeks.
"There are no production delays or issues with supply," spokeswoman Lesley Dickson said in an email.
She did not detail which units are undergoing work or describe the impact on output at the 300,000-barrel-a-day plant.
Copyright Reuters, 2012 ...
HOUSTON: BP Plc has been in talks to sell its 400,780 barrel per day (bpd) Texas City, Texas, refinery to Marathon Petroleum Corp, according to a report posted by the Financial Times on its website on Tuesday.
The talks have been underway for months, according to the report, which cites unidentified sources. The plant's sale could bring BP up to $2.5 billion.
A BP spokesman declined to discuss possible negotiating partners with Reuters on Tuesday.
"We remain in ...
NEW YORK: Crude oil prices fell Tuesday as investors fretted about tepid economic growth in the United States and mounting tensions between China and Japan.
New York's main contract, West Texas Intermediate (WTI) or light sweet crude for October, dropped $1.33 from Monday, to $95.29 a barrel.
Brent North Sea crude for delivery in November slid $1.76 to settle at $112.03 a barrel.
With the euphoria from last Thursday's Federal Reserve announcement of fresh stimulus grown cold, investors ...
