ENERGY (MSM)

Chevron completes maintenance at South African oil refinery

JOHANNESBURG (Reuters) – U.S. oil firm Chevron has completed a 1 billion rand ($83 million) routine maintenance and safety inspection at its 100,000 barrel per day South African oil refinery in Cape Town, local media reported on Thursday. Chevron, which trades as Caltex in South Africa, shut down its Milnerton refinery from Feb. 13 to March 31 for routine maintenance and safety inspections. …

Gas prices or economy, experts disagree on what drives U.S. demand

By Jarrett Renshaw NEW YORK (Reuters) – Americans hit the road in record numbers this winter, reigniting a long debate that may determine whether global oil markets hold steady or tumble anew. Yet many energy economists have long argued that it is economic activity and employment, not prices, that hold the greatest sway over how much gas Americans burn each day.

Iraq's largest oil refinery under threat from IS: US

Iraq’s largest oil refinery is under growing threat from Islamic State jihadists, who have advanced inside the perimeter of the facility, the US military said Wednesday. US warplanes have been carrying out air strikes against the IS group around the Baiji refinery but it was unclear if Iraqi security forces would manage to hold on to the facility north of Baghdad, a Pentagon spokesman said. They do control parts of

Left turn in Canada's oil-rich Alberta stuns energy industry

By Scott Haggett and Nia Williams CALGARY, Alberta (Reuters) – Canadian oil and gas shares tumbled and the country’s main stock index hit a one-month low on Wednesday after the left-wing New Democratic Party surged to power in the oil-rich province of Alberta on promises that included energy industry reforms. “Even now our inboxes are filling with messages expressing something between disbelief and dismay,” analyst Andrew Bradford of Raymond James

Pentagon sees 'tough' Iraqi battle to secure Baiji oil refinery

The Pentagon on Wednesday said Iraq’s fight to secure the country’s largest oil refinery from Islamic State militants was headed in the wrong direction and declined to predict the outcome of ongoing battle. “It’s been a tough, fluid fight,” Pentagon spokesman Colonel Steve Warren told a news briefing, adding that “right now it’s flowing in the wrong direction.” “It could still turn around.