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Bulgaria anti-monopoly watchdog raids more oil firms in fuel inquiry

SOFIA, April 22 (Reuters) - Bulgaria's anti-monopoly
watchdog said it had raided the offices of Eco Petroleum, part
of Hellenic Petroleum, and Shell Bulgaria, owned by
Royal Dutch Shell, as part of an investigation into
possible cartel agreements.

National Oilwell Varco lays off another 520 staff in Norway

OSLO, April 22 (Reuters) - U.S. oilfield equipment maker and
service provider National Oilwell Varco Inc will cut its
Norwegian workforce by another 520 people after low oil prices
resulted in fewer orders, the company said in a statement on
Friday.

UPDATE 1-Finland's Metso profit and orders hit by mining slump

* Metso shares fall 6 percent following results

(Adds analyst comment, share reaction)

UPDATE 1-Goldman says commodities rally not backed by fundamentals

* Says oil fundamentals won't see a sustainable shift until
Q3

UPDATE 1-Oil prices set for one of the biggest weekly rises in 2016

* Crude oil rally: http://tmsnrt.rs/1SeW0aW

(Adds comment, updates prices)

Oil prices set for one of the biggest weekly rises in 2016

SINGAPORE, April 22 (Reuters) - Oil prices rose in Asian
trade on Friday, setting crude futures on course for one of
their biggest weekly gains this year, as sentiment has become
more upbeat despite ongoing oversupply.

CalPERS says Anglo shareholders pass climate change reporting requirement

April 21 (Reuters) - California Public Employees' Retirement
System (Calpers) said its proposal for Anglo American Plc
to report on environmental risks associated with climate
change was passed at the miner's annual shareholders meeting.

Santos quarterly revenue steady as LNG output ramps up

MELBOURNE, April 22 (Reuters) - Australia's Santos Ltd
reported a 1 percent rise in first quarter revenue as
it stepped up coal seam gas sales to its Gladstone liquefied
natural gas (LNG) plant, offsetting a collapse in oil and gas
prices.

UPDATE 1-Venezuela ordered to pay British cattle company for ranch takeovers

CARACAS, April 21 (Reuters) - An international arbitration
center has ordered Venezuela to pay British cattle company
Vestey Group nearly $100 million for the nationalization of
cattle ranches, pilling fresh pressure on the cash-strapped
leftist government.

COMMODITIES-Buying spree from corn to copper spurs biggest rally in a year

* Daily action shifts from bearish to balanced - fund
manager

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