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Nigeria starts investigating crude oil swap contracts

ABUJA, June 13 (Reuters) - Nigerian authorities have launched an investigation to determine whether the government has been short-changed by a state oil company scheme to swap crude for refined products, the company, three oil traders and a security source said.

Ghana's president says slowing inflation shows fiscal plan working

ACCRA, June 12 (Reuters) - Positive results are starting to flow from Ghana's fiscal consolidation plan that includes an aid deal with the International Monetary Fund and a decision by the European Union to renew budget support, President John Mahama said on Friday.

Patience is a virtue, but not waiting as long for metals from warehouses is better

LME warehouse queues at two locations have fallen below the 400-day level for the first time since the exchange started releasing queue data in April 2014.

UPDATE 3-Colombia economy grows 2.8 pct in 1st qtr, meets estimates

BOGOTA, June 12 (Reuters) - Colombia's economy grew 2.8 percent in the first quarter from a year earlier, the government said on Friday, in line with analysts' expectations but the slowest quarterly growth in two and a half years as lower oil prices put a brake on expansion.

U.S. denies Exxon request to reconsider Silvertip oil spill penalty

WASHINGTON, June 12 (Reuters) - The U.S. oil pipeline safety office on Friday denied a request by Exxon Mobil Corp to reconsider a $1 million penalty for an oil spill into the Yellowstone River in 2011.

UPDATE 1-Arctic drilling protesters dangle from Shell ship in Washington state

SEATTLE, June 12 (Reuters) - Two activists protesting plans by Royal Dutch Shell to resume drilling for oil in the Arctic dangled for several hours on Friday from the anchor of one of the company's vessels in Washington state before coming down voluntarily, the Coast Guard said.

UPDATE 1-U.S. oil drillers pull 7 rigs, biggest drop since late May - Baker Hughes

June 12 (Reuters) - A slowdown in U.S. oil drilling trudged along in its seventh month as more rigs were pulled than in the previous week, denying the market a sign that producers have started ramping up production.

CORRECTED-U.S. oil drillers pull 7 rigs, biggest drop since late May - Baker Hughes

June 12 (Reuters) - The market has been waiting for the slowdown in the rig count to stop as crude prices have rebounded over the past few months, but this week's slowdown showed oil drillers were not yet done cutting the number of rigs.

UPDATE 1-TransCanada set to start building B.C. gas pipeline this year

VANCOUVER, June 12 (Reuters) - TransCanada Corp said on Friday it expects to start construction this year on natural gas pipeline to British Columbia's Pacific Coast worth at least C$5 billion ($4.1 billion) following a conditional go-ahead by a Petronas-led consortium for what could be Canada's first LNG export terminal.

Arctic drilling opponents hanging from Shell ship in Washington state

SEATTLE, June 12 (Reuters) - Two activists strapped themselves on Friday to the anchor chain of a Shell Royal Dutch Shell vessel docked in Washington state that will be part of a fleet sent north to Alaska to resume drilling for oil and gas in the Arctic.

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