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July 3 (Reuters) - The number of rigs working in the Gulf of Mexico hit its highest level for more than four years this week, according to Baker Hughes figures out on Wednesday, boosted by the search for oil in North America as crude prices top $100 a barrel. Now at 57 rigs, activity in the
Read moreLONDON, July 3 (Reuters) - Gasoline prices tracked crude oil higher on Wednesday, with refining margins widenening slightly a day ahead of the U.S. Independence Day holiday when demand typically peaks. "We are getting ready for July 4th," said a trader, referring to the holiday. "Strong marke
Read moreJuly 2 (Reuters) - Former FBI Director Louis Freeh will investigate possible misconduct by a lawyer involved in making payments to settle claims by people and businesses affected by the BP spill in the Gulf of Mexico in 2010, the judge in the spill damages case said on Tuesday. Freeh, who r
Read more* August WCS last trading at $12.50 per barrel under WTI * August synthetic trading at $4.50 premium over WTI CALGARY, Alberta, July 2 (Reuters) - Canadian heavy crude prices strengthened on Tuesday on news of another refinery restart, while synthetic oil prices were lifted by expecta
Read moreLONDON, July 2 (Reuters) - The gasoline crack flatined on Tuesday as the market awaited new buying interest from west Africa, while the naphtha crack rebounded after hitting nearly minus $10 a barrel last week. The naphtha crack has been choppy since mid-June, one trader said, due to sell and
Read more* U.S. crude hits 9-month high * U.S. September-October crude spread widens to record high * Brent-WTI spread falls to narrowest since January 2011 * Coming up: API weekly oil data; 2030 GMT (Updates prices, changes byline, dateline (pvs LONDON) By Anna Louie Sussman
Read moreJuly 2 (Reuters) - U.S. regulators approved BP Wind's proposal to install up to 243 wind turbines on federal land in northwest Arizona to generate up to 500 megawatts (MW) of power. That is enough energy to supply up to 175,000 homes and will create about 750 construction jobs, the U.S. Depar
Read more* U.S. equity markets up 1 pct * Brent's premium to U.S. crude lowest since January 2011 * Refinery restarts in the U.S. suggest increasing crude demand * Turmoil in Egypt could threaten global supply * Official Chinese PMI still shows manufacturing growth (Recasts with
Read moreLONDON, July 1 (Reuters) - Gasoline barge prices in northwest Europe edged up on Monday, though the overall outlook for demand remained sombre. Traders are still awaiting third quarter allocations from Nigeria's Petroleum Products Pricing Regulatory Agency, which are expected shortly. Bu
Read more(Adds details, background) HOUSTON, July 1 (Reuters) - BP Plc said on Monday it completed the commissioning and startup of a new 250,000 barrel per day (bpd) crude distillation unit at its 413,000 bpd Whiting, Indiana, refinery. The CDU is the centerpiece of a $4-billion upgrade of t
Read more* TAP beat Nabucco on 7 of 8 criteria * The reason was not high gas prices in Italy, Greece * Government continues to support South Stream * GALSI pipeline important for Italy (Recasts lead, adds junior minister comments, background) By Alberto Sisto ROME, July 1 (
Read moreHOUSTON, July 1 (Reuters) - BP Plc said on Monday it completed the commissioning and startup of a new 250,000 barrel per day (bpd) crude distillation unit at its 413,000 bpd Whiting, Indiana, refinery. The CDU is the centerpiece of a $4-billion upgrade of the refinery to increase its intake
Read moreBy Alberto Sisto ROME, July 1 (Reuters) - The Trans-Adriatic Pipeline (TAP) was chosen to carry Azeri gas from the Shah Deniz gas field because it beat its rival Nabucco West on seven out of eight evaluation criteria, a junior minister at Italy's Industry ministry told Reuters. "It wa
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The Bank of England is heading for a showdown with Barclays this week over threats from the high street giant to rein in its lending. Antony Jenkins, Chief Executive of Barclays, warned on Friday that if the Bank presses ahead with a new capital rule it could be forced to "restrict" loans to househo
Read more* Nabucco could get future Azeri gas supply - SOCAR * Shah Deniz formally selects TAP pipeline to Italy * Spot pricing could be advantage over Russian gas By Lada Evgrashina BAKU, June 28 (Reuters) - Central Europe could get future supplies of Azeri natural gas, energy com
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