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UPDATE 2-Nigerian youths halt some crude output in Nembe oilfield

NEMBE, Nigeria, May 22 (Reuters) - Nigerian protesters shut down crude oil production at two flow stations of the Nembe oilfield in Bayelsa state on Friday over what they said was the sell-off of the region's energy wealth without the approval of its inhabitants.

Saudi Arabia rewrites its oil game with refining might

LONDON, May 22 (Reuters) - Saudi Arabia's rapid transition into one of the world's largest oil refiners adds an extra dimension to the oil exporter's role as the driver of OPEC policy.

Holy Carbon: Does the Pope’s view matter in the fight against climate change?

Pope Francis is set to weigh in on the climate change debate in what has already caused a considerable buzz, even before the message has been released.

Malaysia's Petronas posts 39 pct drop in Q1 profit on global oil slump

KUALA LUMPUR, May 22 (Reuters) - Petroliam Nasional Bhd , Malaysia's state oil company more commonly know as Petronas, reported on Friday a 39 percent drop in quarterly net profit due to a drop in benchmark crude prices.

UPDATE 1-Insurgents in Syria seize hospital from army-monitor

BEIRUT, May 22 (Reuters) - Insurgents on Friday seized a hospital from Syrian government forces who had been besieged there since late April, the Syrian Observatory for Human Rights reported, compounding recent setbacks for President Bashar al-Assad.

Insurgents in Syria seize hospital from army-monitor

BEIRUT, May 22 (Reuters) - Insurgents including the al Qaeda-linked Nusra Front seized a hospital from government forces on Friday which they had besieged since late April, the Syrian Observatory for Human Rights reported.

China Hanergy's stock plunge puts passive investors in unwelcome spotlight

HONG KONG/SINGAPORE, May 22 (Reuters) - The blistering sell-off in Chinese solar firm Hanergy Thin Film Power Group this week burnt several index-tracking stock funds, exposing the flaws in some of these investment structures especially in volatile markets like China.

Chinese trader Unipec sells crude stored on megatanker as prices rise -sources

NEW DELHI/SINGAPORE, May 22 (Reuters) - Chinese trader Unipec has sold 2 million barrels of crude held for months on one of the world's largest tankers, industry sources said, as rising oil prices prompt commodity firms to offload cargoes from floating storage.

Firmer raw material prices give support to some finished steel markets

Mark Wiggett, editor for Platts Global Market Outlook, assesses key developments in the global steel and raw material markets during April and early May.

UPDATE 1-Oil edges down but WTI set for record 10th week of gains

* Coming up: Baker Hughes weekly U.S. rig data (Adds quotes, updates prices)

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