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* Crude futures settle lower * Brent premium to U.S. crude increases slightly NEW YORK, Aug 5 (Reuters) - Most cash crude differentials in the United States strengthened slightly on Monday as the transatlantic spread between Brent and U.S. crude futures widened, while crude futures edged
Read moreAug 5 (Reuters) - BP Plc said on Monday it would "vigorously defend" itself against allegations from U.S. regulators that its traders manipulated natural gas markets in late 2008. Earlier on Monday the U.S. Federal Energy Regulatory Commission (FERC) ordered the energy company to respond to
Read moreAug 5 (Reuters) - U.S. federal energy regulators on Monday ordered BP Plc to show cause why a unit of the British oil company should not be found to have manipulated the natural gas market and to pay a fine of $28 million and disgorge $800,000 plus interest. The Federal Energy Regulatory Co
Read moreBy Yereth Rosen ANCHORAGE, Aug 2 (Reuters) - Activists hoping to overturn a sweeping tax break for Alaska oil producers have their work cut out for them, even after getting confirmation that they secured enough voter backing to put a referendum on the ballot next year. The referendum
Read more* Crude futures fall on weak employment data * Brent premium to U.S. crude back above $2/bbl NEW YORK, Aug 1 (Reuters) - Cash crude differentials in the United States were mixed on Friday and for the most part little changed as crude futures slumped in reaction to disappointing U.S. empl
Read more(Adds BP no comment, background) HOUSTON, Aug 2 (Reuters) - BP Plc plans to restart the smallest crude distillation unit at its 405,000 barrel per day (bpd) Whiting, Indiana, refinery over the weekend, sources familiar with operations at the refinery said on Friday. Energy industry in
Read moreHOUSTON, Aug 2 (Reuters) - BP Plc plans to restart the smallest crude distillation unit at its 405,000 barrel per day (bpd) Whiting, Indiana, refinery over the weekend, sources familiar with operations at the refinery said on Friday. Energy industry intelligence service Genscape said the un
Read morePERTH, Aug 2 (Reuters) - Woodside Petroleum Ltd said on Friday changes to its Browse gas field retention lease that would allow it to pursue a wider range of development options have been approved. The company decided in April to shelve a plan to develop the gas field via a $45 billion ons
Read moreAug 1 (Reuters) - U.S. refiner Tesoro Corp on Thursday reported a lower quarterly profit after refinery maintenance hurt production and rising crude oil prices sapped margins. Net income from continuing operations in the quarter was $238 million, or $1.72 per share, compared with $363 milli
Read moreBy Andrew Callus and Anna Driver LONDON/HOUSTON, Aug 1 (Reuters) - Some of the western world's top oil companies abandoned output targets and missed profit forecasts on Thursday as they promised to clamp down on rising costs that hurt quarterly results. Costs for workers and materials are
Read more(Corrects paragraph seven. Van Beurden is head of downstream, not head of upstream) * Shell abandons its output target, keeps financial ones * Move puts company in line with others in the sector * Takes $2.2 bln charge for weak production of US liquids * Profit miss is "di
Read moreBy Andrew Callus LONDON, Aug 1 (Reuters) - Some of the western world's top oil companies this week abandoned output targets, missed profit forecasts and promised a tight rein on spending after turning in disappointing quarterly results. Thursday's slew of industry results saw Royal Dutch
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A cool reaction to second-quarter results from Royal Dutch Shell meant that the oil and gas sector was the worst performing category of the day on Thursday as the oil major's earnings sank sharply year-on-year. Shell's earnings, on a current cost of supplies (CCS) basis, dropped to $2.4bn from $6.0
Read moreRoyal Bank of Scotland (RBS) is expected to appoint Ross McEwan as its new Chief Executive as soon as Thursday, The Telegraph reported. McEwan, a New Zealander who heads the taxpayer-backed lender's retail operations in the UK, is considered the leading candidate to take over from Stephen Hester, wh
Read moreAfter a cautious start, the FTSE 100 rallied strongly in afternoon trade following some strong economic data from the US, though markets pulled back slightly from their intraday highs by the close as investors awaited a key policy announcement from the Federal Reserve. London's benchmark index fini
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