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Uganda shortlists 17 firms for bidding on exploration blocks

KAMPALA, July 1 (Reuters) - The Ugandan government said on Wednesday it had shortlisted 17 oil companies to bid for six exploration blocks in the east African nation, which has found commercial quantities of oil and aims to pump crude in 2018.

UPDATE 1-Brazil's President Rousseff sees popularity drop to new low

BRASILIA/SAO PAULO, July 1 (Reuters) - The popularity of Brazilian President Dilma Rousseff's government fell to a new low, driven by a deteriorating economy, higher interest rates and a widening corruption scandal tarnishing her political party, a nationwide poll showed on Wednesday.

UPDATE 1-Glencore to go ahead with closure of some Optimum Coal assets

LONDON, July 1 (Reuters) - Global mining firm Glencore said on Wednesday it would go ahead with a plan to close some operations at its Optimum Coal subsidiary in South Africa due to weak coal prices, a move which will result in the loss of 600 to 700 jobs.

UPDATE 1-After wifi at the Taj, Modi revives campaign for "digital" India

* Bosses pledge 4.5 trillion rupees in investments (Writes through with Modi speech, business leaders)

Glencore to go ahead with closure of some Optimum Coal operations

LONDON, July 1 (Reuters) - Global mining and trading company Glencore said on Wednesday it would go ahead with its plan to close some operations at its Optimum coal assets in South Africa, which will result in the loss of 600-700 jobs.

COLUMN-Oil prices settle into new equilibrium: Kemp

LONDON, July 1 (Reuters) - Benchmark crude oil prices have barely moved for more than two months, implying the market has found a temporary equilibrium after the enormous price shock in the second half of 2014 and early 2015.

Turkey sees gas price deal with Gazprom in two weeks

ISTANBUL, July 1 (Reuters) - Turkey and Russia's Gazprom are likely to finalise a deal on natural gas prices by mid-July, Turkish officials told Reuters, after Ankara warned last week it could seek international arbitration if they failed to agree.

Popularity of Brazil's President Rousseff drops to 9 pct, a new low

SAO PAULO, July 1 (Reuters) - President Dilma Rousseff's popularity has fallen to a new low, with the number of Brazilians considering her government "great" or "good" down to just 9 percent, a nationwide poll showed on Wednesday.

Shell gives green light to develop giant Gulf of Mexico field

LONDON, July 1 (Reuters) - Royal Dutch Shell has given the green light for the development of the Appomattox deepwater oil and gas field in the Gulf of Mexico, set to be the energy giant's largest floating platform in the region.

Red-hot fuel demand can't shore up the oil price alone

LONDON, July 1 (Reuters) - Sales of transport fuels have exceeded all expectations this year, making demand from reviving economies the mantra of bulls who say the oil price is well on the mend.

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