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28 Nov 2014 11:44

BUZZ-European oil & gas slide lops off $32.5 bln in sector's market-cap

** About $32.5 bln wiped off the market cap of the European oil & gas sector on latest rout that sees the STOXX 600 oil & gas index suffer its sharpest one-day drop since depths of the eurozone crisis in 2011. ** Index off 4.1 pct on the day, follows similar drop on Thursday. ** All g

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28 Nov 2014 11:43

London midday: Crude stabilises but oil stocks continue to slide

The UK stock market dropped on Friday as shares in the energy sector dropped after the recent slump in crude on concerns about a global oversupply of oil. Oil producers and energy services stocks were extending losses made the previous session with crude prices set to register their steepest weekly

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28 Nov 2014 08:41

London open: FTSE 100 falls as energy stocks extend losses after OPEC meeting

Despite already having plunged the previous session, stocks in the energy sector were under further selling pressure on Friday in the aftermath of the OPEC meeting, pushing the FTSE 100 firmly into the red. The Organization of Petroleum Exporting Countries decided on Thursday not to scale back their

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27 Nov 2014 15:19

BUZZ-Oil stocks dominate European loser board as OPEC resists cuts

** Oil shares plunge on reports OPEC maintains production at 30 mln/bpd ** Sector index off 2.8 pct, wiping out just half its gain from last month's 3-year low. ** All 20 of the worst performers on the STOXX 600 are oil & gas producers or services, led by Petroleum Geo Services & Sea

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27 Nov 2014 14:36

Sector movers: Oil stocks tank as OPEC reportedly maintains target, crude extends losses

Concerns about falling oil prices hammered stocks in the energy sector on Thursday, with shares extending losses on reports that the Organization of Petroleum Exporting Countries (OEPC) has held off from scaling back production at its meeting in Vienna. Brent futures for January delivery were down 3

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27 Nov 2014 11:33

London midday: FTSE flat as energy shares slump ahead of OPEC meeting

Heavy falls in the energy sector kept a lid on gains for the FTSE 100 on Thursday as investors awaited the outcome of a pivotal meeting of the Organization of Petroleum Exporting Countries (OPEC) in Vienna. London's benchmark index was up just 0.06% at 6,733 by midday. The index has traded broadly s

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27 Nov 2014 09:12

London open: Investors await pivotal OPEC meeting, Brent drops

The UK stock market opened flat on Thursday as investors awaited a jam-packed day full of economic data, policymaker speeches and a pivotal meeting of the Organization of Petroleum Exporting Countries (OPEC). London's FTSE 100 index was down 0.1% at 6,722 in early deals. While US markets will be cl

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26 Nov 2014 20:16

REFILE-Nigeria's parliament says Shell should pay $4 bln for 2011 oil spill

(Adds NOSDRA attribution for spill size in paragraph 6) By Abraham Terngu ABUJA, Nov 26 (Reuters) - Nigeria's National Assembly said on Wednesday oil major Shell should pay $3.96 billion for a 2011 spill at its offshore Bonga oilfield in the latest assessment of damage to the environm

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26 Nov 2014 13:33

Nigeria's naira closes at 176.8, a day after official devaluation

LAGOS, Nov 26 (Reuters) - Nigeria's naira closed at 176.80 naira on Wednesday against the dollar, up 0.31 percent from its previous session, a day after the central bank devalued the currency to stem losses on its foreign reserves, dealers said. The unit had closed at 177.35 naira to the do

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25 Nov 2014 18:39

BUZZ-Shell Midstream: Surges as broker recommendations kick off

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25 Nov 2014 16:33

London close: UK stocks finish flat as retailers fall, data comes in mixed

London's FTSE 100 ended Tuesday's session more or less where it started with stocks in the retail sector limiting gains while investors digested a string of important economic data. A disappointing third-quarter update from Kingfisher saw shares in the DIY retailer slump, while the supermarket secto

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25 Nov 2014 11:31

London midday: UK stocks rise but gains limited by Kingfisher, resource stocks

UK stocks edged higher on Tuesday, though gains were being limited by falls in the heavyweight resources sector and a drop in the share price of DIY retailer Kingfisher. The FTSE 100 trading 0.1% higher at 6,737 by midday, though was underperforming stocks across Europe with the STOXX Europe 600 ind

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25 Nov 2014 08:22

London open: Oil and mining stocks limit gains on FTSE

Falling oil and mining stocks and a poorly-received update from Kingfisher were limiting gains on the FTSE 100 on Tuesday morning, as investors awaited a wave of global economic data. London's benchmark index was trading just 0.1% higher at 6,737 within the opening hour. The Footsie had dropped 0.3

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24 Nov 2014 12:58

STXNEWS LATAM-Petrobras says 2nd Libra well confirms good quality oil

Brazil's state-run oil company Petroleo Brasileiro S.A. completed drilling of the first extension well in the massive Libra field off the coast of Rio de Janeiro, confirming good quality oil, according to a filing on Monday. Petrobras, as the company is known, said the well reached a depth

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22 Nov 2014 13:53

Russia to seek new partners if Western oil majors leave - minister

MOSCOW, Nov 22 (Reuters) - Moscow will seek new partners in countries that have not imposed sanctions on it if Western oil and gas companies pull out of projects with Russia, RIA news agency quoted Energy Minister Alexander Novak as saying on Saturday. The sanctions over Russia's role in th

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