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Pakistan central bank clears financial transactions with Iran

ISLAMABAD, Feb 26 (Reuters) - Pakistan's central bank has cleared all commercial banks and financial institutions for business with Iran, paving the way for the two countries to resume regular business activity that was hampered by years of sanctions.

UPDATE 1-Vopak earnings top forecasts, sees 2016 terminal occupancy above 90 pct

* 2016 occupancy rates to exceed 90 pct vs 92 pct in 2015 (Adds quotes from CFO, context for outlook, share background)

CERAWEEK-Oil industry sees Paris climate deal as chance to innovate

HOUSTON, Feb 26 (Reuters) - If a crisis is a terrible thing to waste, the oil industry sees the Paris climate accord not as a death knell, but an opportunity to innovate and even grow.

BASF braces for lower operating income in 2016 on oil, China

LUDWIGSHAFEN, Germany, Feb 26 (Reuters) - BASF, the world's largest chemical company by sales, warned investors that operating income would decline this year as the lower crude price weighs on its oil and gas division and demand for chemicals is weak in China.

Former BP rig supervisor found not guilty in oil spill case

Feb 25 (Reuters) - A former BP Plc supervisor was found not guilty by a New Orleans jury on Thursday of a single pollution charge stemming from the 2010 Deepwater Horizon drilling disaster that killed 11 people.

The challenges and opportunities around NGL and petrochemical exports

Sometimes the best response when asking tough market questions is, "Well, it depends."

Rough seas for dry bulk shipbrokers as commissions tank

It's carnage out there for the dry bulk shipping market, and the crisis is pushing shipbrokers to the edge.

So demanding: US gasoline marketers zero in on potential future growth areas

Things are funny at the far end of the supply chain. Cheap gasoline has its champions.

European distillate oversupply means some shippers take the long route around Africa

(Fri, 26 Feb 2016) In Europe, the combination of low winter heating demand, high refinery runs, and increased imports have kept distillate fuel oil inventories in the Amsterdam, Rotterdam, and Antwerp (ARA) area far above normal. Higher inventories have lowered distillate futures prices in the ARA area to a point where inventories are being held in floating storage and imported cargos are being diverted to longer voyages.

Iran's Khamenei says big election turnout will disappoint foes

TEHRAN, Feb 26 (Reuters) - Iran's supreme leader urged voters to turn out in big numbers for two crucial elections on Friday, saying such a show of strength would frustrate Tehran's enemies.

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