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New Iraqi crude meets cool reception in Asia

SINGAPORE, June 2 (Reuters) - Asia has given Iraq's launch of its new Basra Heavy crude oil grade a poor reception after the No. 2 OPEC producer appears to have misjudged demand, supplying too much, too soon.

Apollo plan on cheaper green energy seeks global backing

LONDON, June 2 (Reuters) - A plan for a new global research programme aimed at driving down the costs of renewable energy more quickly has drawn serious interest from the world's leading economies, its proponents say.

RPT-COLUMN-U.S. shale and OPEC, the altered balance of power: Kemp

LONDON, June 1 (Reuters) - Two landmark events this month will underscore the extent to which the oil market's balance of power has been transformed by the shale revolution.

MDU Resources begins diesel product sales from Dakota Prairie refinery

MDU Resources has started diesel product sales from the Dakota Prairie refinery to the market .

Sun Capital Partners acquires Curtiss-Wright’s downstream oil & gas business units

Sun Capital Partners' affiliate has acquired the downstream oil & gas business units of Curtiss-Wright (CW), which include DeltaValve, TapcoEnpro International (TEI), and GROQUIP.

Shell's summer oil drilling plans in Arctic get frosty reception from environmental groups

Brian Scheid and Herman Wang look at Shell's contentious plans to drill offshore Alaska this summer, which have drawn fierce opposition from environmentalists.

UPDATE 1-Naimi says Saudi oil strategy working, sees stronger demand

VIENNA, June 1 (Reuters) - Saudi Arabia's oil minister Ali al-Naimi said on Monday he expects oil demand to pick up in the second half of 2015 while supply decreases, in a sign that the kingdom's strategy of defending market share was working.

UPDATE 1-Up to 70 dead as Nigerian fuel tanker crashes into bus station

ONITSHA, Nigeria, June 1 (Reuters) - Up to 70 people were killed in Nigeria, many of them burnt alive, when a fuel tanker crashed into a busy bus station in the southeastern city of Onitsha on Sunday and exploded, Red Cross officials said.

Naimi says Saudi oil strategy working, sees stronger demand

VIENNA, June 1 (Reuters) - Saudi Arabia's oil minister Ali al-Naimi said on Monday he expects oil demand to pick up in the second half of 2015 while supply decreases, in a sign that the Saudi strategy of defending market share through lower oil prices was working.

MOVES-Energy banker Hutchinson leaves Barclays for BofA -memo

June 1 (Reuters) - Bank of America Corp has hired Brad Hutchinson from Barclays Plc to co-head its Americas energy investment banking business alongside Oscar Brown, according to an internal memo seen by Reuters.

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