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* Crude futures settle higher, recovering after falling early * Brent/U.S. crude spread narrows, after widening early NEW YORK, June 7 (Reuters) - Cash crude differentials in the United States were mixed on Friday in thin volume as oil futures and the trans-Atlantic spread between Brent
Read more* July WCS last at $14.00/bbl under WTI * July synthetic last at $4.50/bbl above WTI CALGARY, Alberta, June 7 (Reuters) - Canadian crude prices strengthened on Friday, with heavy oil supported by expectations of increased refinery demand and light synthetic crude lifted by market talk
Read more* Crude futures post gains * Brent/U.S. crude spread narrows, ends below $9/bbl NEW YORK, June 6 (Reuters) - Cash crude differentials in the United States were mostly weaker on Thursday as the trans-Atlantic spread between Brent and U.S. crude futures narrowed, according to traders and b
Read more* July WCS last at $14.80/bbl under WTI * July synthetic last at $4.25/bbl above WTI CALGARY, Alberta, June 6 (Reuters) - Canadian cash crude prices strengthened on Thursday as reports that refinery maintenance neared completion spurred expectations for an increase in demand. We
Read more* Draft law, unlikely to take effect before 2014 * Proposes allowing companies to sue PRAs By Peg Mackey and Alex Lawler LONDON, June 6 (Reuters) - Tough new rules proposed by the European Union for financial benchmarks would seriously threaten oil price reporting agencies (PRAs
Read more* Draft law, unlikely to take effect before 2014 * Proposes allowing companies to sue PRAs By Peg Mackey and Alex Lawler LONDON, June 6 (Reuters) - Tough new rules proposed by the European Union for financial benchmarks would seriously threaten oil price reporting agencies (PRAs
Read more* Work on other units to continue into second half of year (Adds refinery details from IIR Energy report, Brent-WTI levels) HOUSTON, June 6 (Reuters) - BP Plc said Thursday an upgraded crude distillation unit at the center of a $4-billion revamp of its 405,000 barrel per day (bpd) Whiting
Read moreHOUSTON, June 6 (Reuters) - BP Plc said on Thursday an upgraded crude distillation unit at the center of a $4 billion revamp of its 405,000 barrel per day (bpd) Whiting, Indiana, refinery is on schedule to start up by the end of June. "It's on schedule to start by the end of the second quar
Read more* Rosneft not "a charity fund" - CEO Sechin * Committee formed to liaise with minorities By Katya Golubkova and Vladimir Soldatkin MOSCOW, June 6 (Reuters) - Rosneft will not pay a dividend for 2012 to minority shareholders in TNK-BP, the oil company it bought earlier this year,
Read moreMUMBAI, June 6 (Reuters) - India's Reliance Industries Ltd , which has three joint ventures for shale gas in the United States, expects production there to account for more than a third of its aggregate production this year, Chairman Mukesh Ambani said on Thursday. Reliance's U.S. shale gas
Read moreBy Prashant Mehra MUMBAI, June 6 (Reuters) - Indian conglomerate Reliance Industries Ltd will spend more than $26 billion across its businesses over three years, it said on Wednesday, giving few details of plans for its long-anticipated launch of 4G telecommunications services. Relian
Read moreMUMBAI, June 6 (Reuters) - India's Reliance Industries Ltd expects production of shale gas to be a third of aggregate production this year, Chairman Mukesh Ambani told shareholders on Thursday. Ambani also said the company would forge long-term partnerships to source crude.
Read moreMUMBAI, June 6 (Reuters) - India's Reliance Industries Ltd will increase staff in its telecommunications business unit to 10,000 next year from 3,000 currently, Chairman Mukesh Ambani told shareholders on Thursday. The unit, Reliance Jio Infocomm, is the only company to have nationwide per
Read moreMUMBAI, June 6 (Reuters) - India's Reliance Industries Ltd plans to invest 1.5 trillion rupees ($26.4 billion) in its businesses over three years, Chairman Mukesh Ambani told shareholders on Thursday. Reliance, India's fourth biggest company by market value, has been under pressure from in
Read moreBy Verna Gates BIRMINGHAM, Ala., June 5 (Reuters) - Alabama Attorney General Luther Strange said the $500 million paid by BP Plc in compensation in the state for the 2010 Gulf of Mexico oil spill was just the "tip of the iceberg" and called for more claims, believing Alabama had not receiv
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