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Refinery Outages: First Half 2015

(Thu, 26 Feb 2015) This report examines refinery outages planned for the first half of 2015 and the potential implications for available refinery capacity, petroleum product markets and supply of gasoline, diesel fuel, and heating oil. The U.S. Energy Information Administration (EIA) believes that dissemination of such analyses can be beneficial to market participants that may otherwise be unable to access such information.

Rise in salt cavern storage capacity for natural gas offsets declines in other capacities

(Thu, 26 Feb 2015) With natural gas storage at low levels in most of 2014 and production relatively high, minimal new natural gas storage capacity was built, except for salt facilities in the Producing region. Capacity in the East region of the United States fell slightly, resulting in relatively unchanged national total capacity.

BP's Whiting, Indiana, refinery CDU shut after leak -report

Feb 25 (Reuters) - A leak caused the shutdown of a crude distillation unit (CDU) at BP Plc's Whiting, Indiana, refinery on Wednesday, according to a report on the nwitimes news website.

Venezuela files for annulment of Exxon award at World Bank tribunal

CARACAS, Feb 25 (Reuters) - Venezuela has requested the annulment of a World Bank tribunal award that orders it pay Exxon Mobil Corp $1.6 billion in compensation for nationalizations, both sides said on Wednesday.

North Dakota senator to push again for clean coal legislation

WILLISTON, N.D., Feb 25 (Reuters) - Senator Heidi Heitkamp of North Dakota will re-introduce legislation on Thursday designed to encourage the development of clean coal technologies that could keep the fuel a key source of American power generation.

RPT-UPDATE 10-Brent crude up 5 pct as Saudi sees improved demand for oil

NEW YORK, Feb 25 (Reuters) - Brent crude oil futures surged 5 percent on Wednesday, after Saudi Arabia's oil minister said oil demand was growing and data showed Chinese factories were producing more than expected.

U.S. refinery strike continues with no steps toward settlement

HOUSTON, Feb 25 (Reuters) - The largest U.S. refinery strike since 1980 continued through its 25th day on Wednesday with no movement toward renewed talks to end a walkout by 6,550 union workers at 15 plants, including 12 refineries accounting for one-fifth of domestic capacity.

U.S. Senate committee postpones hearing on trade

WASHINGTON, Feb 25 (Reuters) - A key U.S. Senate committee postponed a hearing planned for Thursday on trade and its chairman said talks were continuing on the final form of a bill to streamline the passage of trade deals through Congress.

UPDATE 2-Brazil sees no need to capitalize Petrobras -sources

BRASILIA, Feb 25 (Reuters) - Brazil has no plans to pump new capital into Petrobras, even after a debt-rating downgrade by Moody's Investors Service threatens to limit the cash-strapped oil company's access to finance and raise its borrowing costs, two government officials told Reuters on Wednesday.

RPT-Rio Tinto CEO sees no chance of a Glencore merger

MELBOURNE, Feb 25 (Reuters) - Global miner Rio Tinto will not be taken over by rival Glencore because there is no value in it for shareholders and regulators will never let it happen, Rio Tinto chief executive Sam Walsh said.

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