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Iraq agrees deals with BP and Shell to restart shelved projects, report says

(ShareCast News) - Iraq and a group of major oil companies including BP and Royal Dutch Shell have agreed to resume production of several development projects in the country that had been mothballed due to low oil prices, reports revealed on Thursday. Iraq oil officials have come to agreements with

UPDATE 1-Russia's Rosneft says 2nd-quarter crude output up 0.5 pct

(Adds details, background) MOSCOW, Aug 11 (Reuters) - Russia's Rosneft, the world's top listed oil producer by output, said crude oil production was 4.11 million barrels per day (bpd) in the second quarter, up 0.5 percent quarter-on-quarter. Production at Yuganskneftegaz, its biggest

Russia's Rosneft says Q2 crude output up 0.5 pct q/q

MOSCOW, Aug 11 (Reuters) - Russia's Rosneft, the world's top listed oil producer by output, said on Thursday its crude oil production stood at 4.11 million barrels per day (bpd) in the second quarter, up 0.5 percent quarter-on-quarter. Rosneft said increased output at Yuganskneftegaz, its b

UPDATE 1-BP Whiting refinery running at 75 pct capacity -sources

(Adds company no comment, background, details) HOUSTON, Aug 10 (Reuters) - BP Plc's Whiting, Indiana refinery was operating at about 75 percent of its 413,500 barrel per day (bpd) capacity on Wednesday due to reduced production at the refinery's wastewater treatment plant, sources familiar

Europe Gasoline/Naphtha-Gasoline cracks drop for third day

LONDON, Aug 10 (Reuters) - Gasoline refining margins in northwest Europe dropped on Wednesday for a third day in a row as U.S. gasoline futures plummeted despite a draw in weekly stocks. * U.S. gasoline stocks fell 2.8 million barrels last week, the second-biggest weekly draw since mid-Apri

UK's FTSE notches up fifth day of gains on firm financials

(ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets) * FTSE 100 closes up 0.2 pct, 5th day of gains * Prudential shares gain after results * Energy shares track weaker oil prices

BP Whiting refinery running at 75 pct capacity -sources

HOUSTON, Aug 10 (Reuters) - BP Plc's Whiting, Indiana refinery was operating at about 75 percent of its 413,500 barrel per day (bpd) capacity on Wednesday due to reduced production at the refinery's wastewater treatment plant, sources familiar with plant operations said. BP is carefully res

UPDATE 1-Egypt government approves five oil and gas exploration deals

(Adds details, background) CAIRO, Aug 10 (Reuters) - Egypt's government has approved five oil and gas drilling and exploration agreements with foreign companies, Petroleum Minister Tarek El Molla said on Wednesday. Once an energy exporter, Egypt has turned into a net importer because

Egypt government approves oil and gas exploration deals -oil minister

CAIRO, Aug 10 (Reuters) - Egypt's government has approved five oil and gas drilling and exploration agreements with foreign companies ahead of parliament's final approval, Petroleum Minister Tarek El Molla said on Wednesday. Four of the deals are gas exploration and drilling agreements betw

LONDON MARKET MIDDAY: Stocks Consolidate Gains After Four-Day Rally

FTSE retreats from 13-month high as oil stocks weigh

(ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets) * FTSE falls after 4 straight days of gains * Energy shares track weaker oil prices * Prudential shares gain after results

BP continues restoring production at Whiting refinery - sources

HOUSTON, Aug 9 (Reuters) - BP Plc continued on Tuesday to restore production at its 413,500-barrel-per-day (bpd) Whiting, Indiana, refinery, said sources familiar with plant operations. A BP spokesman declined on Tuesday to discuss operations at the refinery. The refinery was ramping

Europe Gasoline/Naphtha-Gasoline cracks slide as overhang weighs

LONDON, Aug 9 (Reuters) - Gasoline refining margins in northwest Europe fell for a second consecutive session to below $9 a barrel on Tuesday as overseas demand failed to ease a persistently high supply overhang on both sides of the Atlantic. * While gasoline tanker bookings to West Africa

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Sinopec studying BP's terms for SECCO JV exit plan

HONG KONG, Aug 9 (Reuters) - State-owned China Petroleum & Chemical Corp (Sinopec) is currently discussing the conditions put forward by British oil and gas major BP plc for its planned exit from their SECCO petrochemicals joint venture, a Sinopec spokesman told Reuters on Tuesday. Reuters