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Lawyers to seek up to $332.5 mln in fees, costs from Volkswagen clean-diesel deal

NEW YORK, Aug 11 (Reuters) - Lawyers representing plaintiffs
in a $10 billion settlement over claims that Volkswagen AG
outfitted vehicles with software to cheat on emissions testing
said they will seek up to $332.5 million in fees and other legal
costs, according to a court filing late on Wednesday.

Surging OPEC crude production, talk of a freeze, and the meeting in Algiers

Herman Wang examines the forces impacting OPEC crude oil supply and how that dynamic could play out when the organization meets on the sidelines of the International Energy Forum in September.

Saudi minister: Algeria meeting may discuss stabilising oil market

DUBAI, Aug 11 (Reuters) - OPEC members and non-members will
discuss the oil market situation next month in Algeria,
including any possible action that may be needed to stabilise
the market, Saudi Arabia's energy minister said on Thursday.

UPDATE 1-U.S. weather forecaster maintains forecast for La Nina in fall or winter

NEW YORK, Aug 11 (Reuters) - A U.S. government weather
forecaster on Thursday reduced its outlook that La Nina
conditions would develop in next few months but said it still
expected the weather phenomenon to occur this fall or winter.

Industrial explosion in central China kills at least 21 -state media

BEIJING, Aug 11 (Reuters) - An explosion at a plant in
central China has killed at least 21 people and injured five,
state media reported on Thursday.

SunPower Says It Will Lose $175 Million This Year

SunPower Corp. dropped a “guidance bomb” that’s dragging down shares of solar manufacturers. The second-largest U.S. panel producer told analysts Tuesday night that it expects to lose as much as $175 million this year, a shift from May when it expected to earn as much as $50 million.

Worst fires in almost two decades ravage hills around Marseille

MARSEILLE, France, Aug 11 (Reuters) - Forest fires raged
through parts of France's Mediterranean coast on Thursday, with
the worst in almost two decades burning around Marseille,
injuring seven people and forcing authorities to evacuate
thousands from their homes.

UPDATE 1-Canada's Crescent Point posts smaller loss as costs fall

Aug 11 (Reuters) - Crescent Point Energy Corp
reported a smaller quarterly loss as Canadian oil and
gas producer cut costs.

Swiss court backs Iran in decades-old oil row with Israel

ZURICH, Aug 11 (Reuters) - Switzerland's highest court has
ordered Israel to pay Iran around $1.1 billion plus interest in
a decades-old dispute over a secretive oil pipeline company
predating the 1979 Islamic revolution which made the countries
enemies.

UPDATE 2-Npower turnaround ahead of plan as RWE wins back customers

* Shares reverse losses, up 2.4 pct

(Recasts, adds details on npower, shares)

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