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COLUMN-U.S. oil storage becomes big business: Kemp

LONDON, July 30 (Reuters) - Commercial crude stocks across the United States rose by 105 million barrels early this year to peak at 490 million barrels, the highest level in eight decades.

Slimmed-down Areva will need large capital increase-CEO

PARIS, July 30 (Reuters) - France's Areva will need a multi-billion euro capital increase following four years of losses and the sale of a big stake in its nuclear reactor division to utility EDF, most of which will have to come from the state.

UPDATE 6-Oil steadies as rising dollar balances stocks draw

* U.S. crude stocks down sharply; weekly U.S.

UPDATE 3-Siemens exceeds expectations despite China weakness

* Full-year target for 10-11 percent industrial margin maintained

Foreign firms bid for Saudi Aramco's Fadhili gas project - sources

KHOBAR, Saudi Arabia, July 30 (Reuters) - Foreign engineering firms have submitted bids to build a gas plant in eastern Saudi Arabia for state oil giant Saudi Aramco at an estimated cost of $5 billion to $6 billion, industry sources said.

UPDATE 1-Marathon Petroleum profit misses as refining margins fall

July 30 (Reuters) - Marathon Petroleum Corp reported a weaker-than-expected quarterly profit, hurt by a decline in refining margins as the company's crude costs remained high.

Lonmin: victim of price falls and management wobbles

LONDON/JOHANNESBURG, July 30 (Reuters) - Platinum producer Lonmin is facing its deepest crisis to date, hurt by a downturn in the metal and haunted by a mixture of bad luck and debatable management choices that are putting its survival at risk.

UPDATE 2-Vale overcomes iron ore slump to return to profit in quarter

RIO DE JANEIRO, July 30 (Reuters) - Vale SA, the world's biggest iron ore producer, returned to profit in the second quarter, bolstered by higher output and cost cuts as it kept up pressure on Australian rivals in the fight for market share.

UPDATE 1-Valero Energy profit beats estimates as refining margins rise

July 30 (Reuters) - U.S.

US down $66/mt on falling global prices, softening demand; Asian buyers await market direction

LDPE pricing in the US seemed influenced by falling global prices and softening demand. In Asia, LDPE prices fell amid weak demand as buyers remained on the sidelines waiting for clearer market direction to emerge. In Europe, the main talking point in the LDPE market was the settlement of the August ethylene contract price at a decrease.

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