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UPDATE 4-Oil edges up to $42 after slide, but glut still weighs

* API says U.S. crude inventories fell; EIA report due

(Updates prices)

Occidental Petroleum reports quarterly loss on oil price slide

Aug 3 (Reuters) - Occidental Petroleum Corp reported
a quarterly loss, compared with a year-ago profit, hurt by lower
oil prices.

Noble Energy reports bigger loss, raises 2016 sales vol forecast

Aug 3 (Reuters) - U.S. oil and gas producer Noble Energy Inc
reported a bigger quarterly loss due to weak oil prices,
but raised its full-year forecast for sales volume.

UPDATE 1-U.S. refiner HollyFrontier's adjusted profit misses estimates

Aug 3 (Reuters) - U.S. refiner HollyFrontier Corp
reported a lower-than-expected quarterly adjusted profit, hurt
by weak refining margins.

U.S. refiner HollyFrontier reports second-quarter loss

Aug 3 (Reuters) - U.S. refiner HollyFrontier Corp
reported a quarterly loss, compared with a year-earlier profit,
as it took a $654.1 million impairment charge amid weak refining
margins.

UPDATE 2-Idemitsu family, in fight with management, buys Showa Shell shares to block acquisition

* Founding family bought 0.1 pct stake in Showa Shell
-lawyer

Apollo consortium frontfrunner for Anglo's $1.5 bln Australian coal assets -sources

LONDON, Aug 3 (Reuters) - A consortium led by private equity
firm Apollo Global Management has emerged as the
frontrunner for Anglo American's metallurgical coal
mines in Australia, valued at up to $1.5 billion, two sources
familiar with the matter told Reuters.

With JV, Sabic makes bold move for North American petchem markets

Leave it to ExxonMobil Chemical and Sabic to do it big.

Big investors pare energy junk bond holdings after big rally

NEW YORK, Aug 3 (Reuters) - Investors in junk-rated energy
bonds, who have made a mint this year betting on this battered
sector, are paring their holdings as oil flirts with
sub-$40-a-barrel levels on concerns about a persistent overhang
in supply and choppy demand.

Crude-by-rail volumes to the East Coast are declining

(Wed, 03 Aug 2016) Movements of crude oil by rail within the United States averaged 443,000 barrels per day (b/d) in the first five months of 2016, down 45% from the same period last year. Fewer shipments of crude oil by rail from the Midwest (PADD 2) to the East Coast (PADD 1) account for about half of the decline.

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