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COLUMN-Crude spreads remain firm in the face of "massive oversupply": Kemp

LONDON, July 17 (Reuters) - The oil market was massively oversupplied in the second quarter and remains so today, the International Energy Agency (IEA) wrote in its latest monthly oil market report.

UPDATE 1-Centrica aims to raise gas output from UK North Morecambe field

LONDON, July 17 (Reuters) - Centrica will this month start work on unlocking new reserves in its North Morecambe gas field which could increase output by up to 8.8 billion cubic feet of gas, the British utility said in a statement on Friday.

Lower oil prices? Not for Europe's gasoline consumers

LONDON, July 17 (Reuters) - Crude oil prices may be falling, but things are not so rosy for European gasoline consumers.

RPT-U.S. refiners' golden era fading as LatAm export boom stalls

NEW YORK, July 17 (Reuters) - Big U.S. oil refiners along the Gulf of Mexico, which have led an almost charmed life for the past five years, may have to brace themselves for leaner times in the months ahead.

UPDATE 1-Elliott Advisors says ENOC's offer undervalues Dragon Oil

July 17 (Reuters) - Elliott Advisors (UK) Ltd became the latest investor in Dragon Oil Plc to say majority shareholder Emirates National Oil Co Ltd's (ENOC) takeover offer undervalued the oil producer.

Iran faces "excessive" demands in nuclear deal-prayer leader

DUBAI/BEIRUT, July 17 (Reuters) - Iran will accept a nuclear deal with global powers only if sanctions are lifted immediately, frozen revenues are returned and the Islamic Republic's revolutionary ideals are preserved, a senior cleric told worshippers at Friday prayers in Tehran.

UPDATE 2-Oil rises on weak dollar, North Sea outage but glut weighs

* Oil on track for third straight weekly decline (Updates throughout, changes dateline from SINGAPORE)

CORRECTED-UPDATE 1-French minister caps EDF power price hikes again

PARIS, July 16 (Reuters) - French Energy Minister Segolene Royal capped a planned rise in household electricity prices on Thursday, overruling regulatory recommendations designed to compensate power provider EDF for earlier controls.

UPDATE 1-Russia says to discuss oil markets, Iran with OPEC on July 30

* Russia, Saudi Arabia had agreed that oil output cut unnecessary

UPDATE 1-Finland's Fortum hit by lower electricity prices

* Russian nuclear deal remains undecided (Adds details, share reaction, analyst comment)

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