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Iraq asks foreign oil companies to increase crude production, exports

BAGHDAD, Aug 23 (Reuters) - Iraqi Oil Minister Jabar Ali al-Luaibi on Tuesday asked foreign oil companies to increase oil and natural gas production and exports in order to maximise the OPEC nation's revenue, ministry spokesman Asim Jihad told Reuters. Luaibi, who took over the ministry ear

Repsol's faulty Yme platform removed from Norway oil field

OSLO, Aug 23 (Reuters) - The topside of Repsol's faulty Yme oil platform was removed from the field offshore Norway on Monday, Swiss-based heavy-lift vessel owner Allseas said, a key hurdle for the Spanish oil firm's planned sale of the production license. Using the giant Pioneering Spirit

WINNERS & LOSERS SUMMARY: Persimmon Sweeps Aside Brexit Concerns

Tanzania's President Magufuli orders officials to speed up LNG project

By Fumbuka Ng'wanakilala DAR ES SALAAM, Aug 22 (Reuters) - Tanzanian president John Magufuli ordered officials on Monday to speed up long-delayed work on a planned liquefied natural gas (LNG) plant, saying implementation of the project had taken too long. BG Group, recently acquired b

Iraq's new oil minister sticks by demand to review foreign contracts

BAGHDAD, Aug 22 (Reuters) - Iraq wants to review contracts with oil companies to cut the fees that the firms receive when crude prices are low, the OPEC nation's new oil minister said, standing by a demand made by his predecessor. Oil Minister Jabar Ali Al-Luaibi conveyed his position at a

RPT-UPDATE 1-Anger in the Delta keeps oil majors quiet - and Nigeria's crude offline

(Repeats AUG 21 story, no change to text) * Splinter militant groups a hurdle to ceasefire talks * Non-violent local protests have also exacted a toll * 'People giving up in short term' - oil industry source By Libby George and Ulf Laessing LONDON/LAGOS, Aug 21 (Reut

RPT-Anger in the Delta keeps oil majors quiet - and Nigeria's crude offline

(Repeats Aug. 21 story with no changes) By Libby George and Ulf Laessing LONDON/LAGOS, Aug 21 (Reuters) - Oil companies and even Nigerian officials are losing faith in a deal anytime soon with militants who have slashed the nation's oil output, casting doubt on a production recovery i

UPDATE 1-Anger in the Delta keeps oil majors quiet - and Nigeria's crude offline

* Splinter militant groups a hurdle to ceasefire talks * Non-violent local protests have also exacted a toll * 'People giving up in short term' - oil industry source (Adds Niger Delta Avengers says ready for dialogue) By Libby George and Ulf Laessing LONDON/LAGOS, Aug 21

Anger in the Delta keeps oil majors quiet - and Nigeria's crude offline

By Libby George and Ulf Laessing LONDON/LAGOS, Aug 21 (Reuters) - Oil companies and even Nigerian officials are losing faith in a deal anytime soon with militants who have slashed the nation's oil output, casting doubt on a production recovery in what is typically Africa's largest oil expor

London close: Stocks taper as sterling, commodity prices lose traction

(ShareCast News) - UK stocks whimpered to a lower close on Friday as sterling lost traction on renewed Brexit fears and commodity prices headed south. The spectre of the Lisbon Treaty's Article 50 rose once more, following a media report that claimed UK Prime Minister Theresa May was sympathetic to

UPDATE 1-South African fuel strike ends as union signs new pay offer

(Adds union quotes, details) CAPE TOWN, Aug 17 (Reuters) - South Africa's petroleum sector employers and striking workers signed a new two-year wage deal on Wednesday, ending a three-week strike that caused limited supply disruptions, an official representing employers said. Around 15

UPDATE 2-Norway's oil fund pares UK property portfolio after Brexit vote

* Downgrades value UK property book by 5 pct * Says has questions on Brexit impact on freedom of movement * Fund is major foreign investor in UK * Repeats will remain a long-term investor in country (Recasts on Brexit, adds deputy CEO quotes, detail) By Gwladys Fouche</p

BUZZ-Los Angeles CARBOB extends gains on refiner buying

HOUSTON, Aug 16 (Reuters) - Los Angeles CARBOB for prompt delivery extended gains on Tuesday in active trade on continued refiner buying, dealers said. * August Los Angeles CARBOB jumped 5.5 cents, trading at an 8-cent a gallon premium to the NYMEX RBOB contract * September-delivering

Shell has begun restarting 37,500 bpd crude unit at Sarnia refinery - source

NEW YORK, Aug 16 (Reuters) - Royal Dutch Shell has begun restarting a 37,500 barrel-per-day crude unit at its Sarnia, Ontario, refinery after it was unexpectedly shut on Thursday, according to a source familiar with the plant's operations. The unit at the 75,000 bpd refinery was shut due to

LONDON MARKET CLOSE: End Of Eight-Day Rally Despite Higher Oil Prices