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UPDATE 1-Brent crude oil holds above $50 after OPEC meeting

* High Middle East output offset by supply disruptions
elsewhere

Weak wages, private school flight belie Australian economic success

* Private school enrolments drop in favour of state-paid
schools

RPT-BMW revamps "i" electric car division to focus on self-driving tech

MUNICH, June 2 (Reuters) - BMW has transformed its
"i" division into a development centre for self-driving cars, a
board member told Reuters, a major strategic shift for the unit
previously focused on making a family of lightweight electric
vehicles.

Falling global oil reserves: Pricing blip or panic alarm? — Fuel for Thought

For years global oil majors have brushed off speculation that an imminent peak in global oil reserves spells the beginning of the end of the hydrocarbon age.

RPT-INSIGHT-As China shops for German firms, one early example reassures

* Putzmeister one of the first prominent takeovers by the
Chinese

Recent data show divergent trends for rail shipments of crude oil, ethanol, and biodiesel

(Fri, 03 Jun 2016) Although pipelines, tankers, and barges are widely used to transport liquid fuels to, from, and within the United States, several types of liquid fuels, including crude oil, ethanol, and biodiesel, are transported by rail in large volumes. EIA recently expanded its rail data for crude oil, ethanol, and biodiesel to provide monthly data going back to January 2010.

As diesel price soars, U.S. refiners seize the moment, sell future output

NEW YORK, June 3 (Reuters) - U.S. diesel futures have
soared about 40 percent in the last two months, prompting
independent refiners to pounce, selling future output on the
view that resurgent domestic demand and higher exports may turn
out to provide only a brief boost.

BP agrees to pay $175 mln to settle claims with shareholders

June 2 (Reuters) - BP Plc agreed on Thursday to pay
$175 million to shareholders who brought a class-action lawsuit
that accused the oil company of misleading them by understating
the severity of the 2010 oil spill in the Gulf of Mexico.

UPDATE 1-Diesel margins nearly double as El Nino spurs Asia oil demand

SINGAPORE, June 3 (Reuters) - Diesel, one of the worst
performing fuels in the refining complex for years, has seen its
fortunes turn around as extreme hot weather has boosted demand,
especially at power generators in South Asia.

UPDATE 1-Noble Group to raise $500 mln in rights issue, chairman to step down

SINGAPORE, June 3 (Reuters) - Noble Group is
raising $500 million in a fully underwritten rights issue and
its chairman and biggest shareholder Richard Elman will step
down within 12 months, as the company struggles with weak
markets and the fallout from an accounting dispute.

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