Energy Update
VIENNA, July 8 (Reuters) - As any parent knows, setting limits is important, especially at bedtime. In the Iran nuclear negotiations, however, the normal rules of diet, discipline and decorum do not always apply.
NEW YORK/LONDON/HOUSTON, July 9 (Reuters) - In early May, with its legal options dwindling and investors impatient, BP Plc saw a chance to negotiate what became a $18.7 billion settlement that ended five years of litigation over the worst offshore oil spill in U.S. history.
WILLISTON, N.D./HOUSTON, July 9 (Reuters) - A handful of optimistic U.S. shale drillers are sticking with plans to deploy more rigs in the coming months even as oil prices take a sharp dive well below many producers' $60-a-barrel breakeven point.
VIENNA, July 9 (Reuters) - The major powers are trying to resolve the difficult issue of when to remove a U.N. arms embargo, a senior Western official said on Thursday after Russian Foreign Minister Sergei Lavrov said it should be lifted as soon as possible.
July 9 (Reuters) - Gulf Keystone Petroleum Ltd said it had received further payments on recent contracts, helping prop up its cash position, and continued to progress towards a regular payment cycle for the oil it produces.
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