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Effects of removing U.S. crude export restrictions depend on price, resource assumptions

(Wed, 02 Sep 2015) A new study by the U.S. Energy Information Administration (EIA) on the potential implications of allowing more crude oil exports finds that effects on domestic crude oil production are key to determining the other effects of a policy change. Gasoline prices would be either unchanged or slightly reduced. Trade in crude oil and petroleum products would also be affected.

Native protesters seize oil wells in Peru to urge government action

LIMA, Sept 1 (Reuters) - Indigenous protesters in Peru seized oil wells in an Amazonian oil block on Tuesday and said they also planned to halt output in a neighboring concession to press the government to address pollution and compensation demands.

China oil market reform paves way for new crude benchmark

* Chinese crude futures could be launched as early as October

PetroChina to seek additional environmental approval for part of new refinery

BEIJING, Sept 2 (Reuters) - PetroChina will obey a ruling from the country's environmental watchdog ordering the state energy giant to halt construction of part of a new large refinery in southwestern China, a company official said on Wednesday.

China power firms return to profit as coal miners lose out

BEIJING, Sept 2 (Reuters) - Soaring first-half profits for China's thermal power producers on the back of state-set tariffs and a collapse in coal prices that left miners with huge losses have led to fresh calls for power sector reform.

UPDATE 1-China signs off on $5 bln loan to boost Venezuela oil output -Maduro

CARACAS, Sept 1 (Reuters) - Venezuela and China have signed a deal for a $5 billion loan designed to increase the OPEC country's oil production, Venezuelan President Nicolas Maduro said.

UPDATE 3-Obama pushes for more U.S. ice-breaking might in Arctic

ANCHORAGE, Alaska, Sept 1 (Reuters) - President Barack Obama on Tuesday proposed a faster timetable for buying a new heavy icebreaker for the U.S. Arctic, where quickly melting sea ice has spurred more maritime traffic and the United States has fallen far behind Russian resources.

Venezuela says signed deal with China for $5 bln loan to boost oil output

CARACAS, Sept 1 (Reuters) - President Nicolas Maduro said Venezuela has signed a deal with China for a $5 billion loan to increase the OPEC country's oil production.

UPDATE 1-Brazil oil workers tell Petrobras open-ended strike to start Friday

RIO DE JANEIRO, Sept 1 (Reuters) - Brazil's largest oil workers' union advised Petroleo Brasileiro SA that it plans to begin an open-ended strike against the state-run oil company starting at midnight (0300 GMT) on Friday.

Brazil police charge former top Lula aide for four crimes

RIO DE JANEIRO, Sept 1 (Reuters) - Brazil's Federal Police on Tuesday charged Jose Dirceu, former chief of staff to former Brazilian President Luiz Inacio Lula da Silva, with four crimes related to his alleged involvement in bribery and bid-rigging at Petrobras and other state-run companies.

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