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COLUMN-Cheaper prices spur U.S. gasoline demand: Kemp

LONDON, June 17 (Reuters) - Strong growth in demand for refined fuels such as gasoline and diesel is helping to rebalance the global oil market, according to most observers.

U.S. calls for 'greater commitment' from Iraq's government

WASHINGTON, June 17 (Reuters) - The United States called for a "greater commitment" from Iraq's government on Wednesday in the fight against Islamic State as it lamented Baghdad's failure to deliver enough soldiers for training and underscored the need to empower Sunni tribesmen.

Tropical Depression Bill batters Texas with torrential rain

AUSTIN, Texas, June 17 (Reuters) - Tropical Storm Bill was downgraded to a tropical depression on Wednesday as it moved across Texas, bringing heavy rains that flooded streets and snarled transportation in the state where severe weather killed about 30 people last month.

Airline industry backs global emissions trading scheme -IAG

BRUSSELS, June 17 (Reuters) - The boss of International Airlines Group on Wednesday said the industry would prefer a global emissions trading scheme to tackle aviation pollution, although other "interesting" options were also under consideration.

UPDATE 1-EU agrees to extend Russia economic sanctions by six months

BRUSSELS, June 17 (Reuters) - European Union governments agreed on Wednesday to extend economic sanctions on Russia over its actions in Ukraine by six months until Jan.

Boko Haram bombs kill 13, injure 45 in northern Nigeria

BAUCHI, June 17 (Reuters) - Bombs found at an abandoned stronghold of Boko Haram Islamists exploded, killing at least 13 people and injuring 45 others in northeast Nigeria, locals and a hospital source said.

EU agrees to extend economic sanctions on Russia to end-Jan -sources

BRUSSELS, June 17 (Reuters) - European Union ambassadors agreed on Wednesday to extend economic sanctions on Russia by six months until the end of January next year, diplomatic sources said.

Small, mid-cap E&P companies to see $16 bln funding gap in 2016 - Cowen & Co

June 17 (Reuters) - Small and mid-cap exploration and production companies in the United States are expected to see a gap of $16 billion between spending estimates and projected cash flows for 2016, Cowen & Co analysts said.

UPDATE 1-Oilfield services provider Calfrac halves dividend

June 17 (Reuters) - Canadian oilfield services provider Calfrac Well Services Ltd halved its quarterly dividend to 6.25 Canadian cents per share, citing lower crude oil prices and weak demand for oilfield services.

Rosneft's Sechin says sanctions hit market capitalisation

ST PETERSBURG, Russia, June 17 (Reuters) - Western sanctions make it almost impossible for Russian oil producer Rosneft to raise funds globally, Chief Executive Igor Sechin said on Wednesday.

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