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* Claims, payout rate may point to charge against profit * Accountancy professors represented by top lawyer * Appeal hearing set for July 8 By Andrew Callus LONDON, May 23 (Reuters) - A group of U.S. accountancy professors is backing BP's fight to rein in compensation it h
Read more* Britain accused of hypocrisy for not signing up * Body agrees tougher disclosure measures in Sydney By Emma Farge and William James GENEVA/LONDON, May 22 (Reuters) - The UK and French governments will join a global initiative that will require oil and mining firms to comply wi
Read more* First day of three-day roll trade * Crude futures slide on U.S. gasoline inventory rise * Brent/U.S. crude spread wider NEW YORK, May 22 (Reuters) - Cash crude differentials in the United States weakened on Wednesday, the first day of the roll period in the cash market, as oil fut
Read moreGENEVA/LONDON, May 22 (Reuters) - The UK and French governments are set to join a global initiative that will require oil and mining firms to comply with new disclosure measures aimed at reducing corruption, sources involved in the process said on Wednesday. The Extractive Industries Transp
Read more* Disclosure levels at oil majors lag those of secretive traders * Risk appetite bigger than at top Wall Street banks * Pressure for stricter oversight rises both in US, EU By Dmitry Zhdannikov and Claire Milhench LONDON, May 22 (Reuters) - Europe's energy price manipulati
Read more* Rumaila output to hit 1.450 mln bpd end-2013 * BP to drill 300 oil wells over next 5 years By Aref Mohammed BASRA, Iraq, May 22 (Reuters) - Oil major BP has allocated $2.85 billion to develop Iraq's Rumaila oilfield in 2013, up from $2.2 billion last year, the head of the join
Read moreBASRA, Iraq, May 22 (Reuters) - Oil major BP has allocated $2.85 billion to develop Iraq's Rumaila oilfield in 2013, up from $2.2 billion last year, the head of the joint management committee for the field told Reuters. Salah Mohammad said production from the field would rise to 1.450 milli
Read more* Yamal to produce 15 mln tonnes of LNG annually from 2018 * Aims to sell gas to Britain, Europe in winter * Plant is intended to supply higher-priced Asian markets MOSCOW/PARIS, May 22 (Reuters) - BP has been in discussions to secure liquefied natural gas from Russia's Yamal LN
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The Bank of Japan has held off on new monetary easing, according to the Financial Times, "judging that the huge stimulus unveiled in April will be enough to spur price gains in the world's third-largest economy". The central bank said that Japan has "started picked up". Financial Times says that Br
Read more* Disclosure levels at oil majors lags those of secretive traders * Risk appetite bigger at top Wall Street banks * Pressure for stricter oversight rises both in US, EU By Dmitry Zhdannikov and Claire Milhench LONDON, May 22 (Reuters) - Europe's energy price manipulation p
Read more* Crude futures settle lower, U.S. June contract expires * Brent/U.S. crude spread narrows slightly NEW YORK, May 21 (Reuters) - Cash crude differentials in the United States were mostly weaker on Tuesday, a day ahead of the three-day roll period in the cash market, as the transatlantic
Read more* Annual output at ACG to reach 33 mln t in 2013 * Azerbaijan concerned by falling output By Nailia Bagirova BAKU, May 21 (Reuters) - BP's oil output at Azerbaijan's Azeri-Chirag-Guneshli (ACG) fields has stabilised, reaching 95,000 tonnes per day, on track to produce around 33
Read moreMEXICO CITY, May 20 (Reuters) - Mexico's state electricity company CFE announced on Monday the purchase of nine shipments of liquefied natural gas (LNG) for delivery through 2014 from British oil firm BP and Swiss energy trader Trafigura. The new purchases, aimed at averting fuel shortages
Read moreBy Douwe Miedema WASHINGTON, May 20 (Reuters) - Large energy companies look set to slip through the maze of new rules for derivatives trading, a group of U.S. senators said, urging regulators to tighten oversight to cover all the market. As of this year, the U.S. Commodity Futures Tra
Read more* Crude futures settle higher after choppy trade * Brent/U.S. crude spread narrows to less than $8/bbl NEW YORK, May 20 (Reuters) - Cash crude differentials in the United States were mostly weaker on Monday as the transatlantic spread between Brent and U.S. crude futures seesawed and the
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