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OKLAHOMA CITY/WASHINGTON, May 20 (Reuters) - Facing a backlash over the side effects of its oil and gas boom, Oklahoma is poised to overturn an 80-year-old statute that allows cities and towns to ban drilling operations within their borders.

(Wed, 20 May 2015) Gasoline crack spreads in the United States, especially on the U.S. East Coast, have reached several-year highs in recent months. Crack spreads, which reflect the difference between wholesale product prices and crude oil prices, are a good indicator of refiner profitability.

(Wed, 20 May 2015) First quarter 2015 update of uranium production in the United States and operating status of U.S. uranium mills and plants.

LOS ANGELES, May 19 (Reuters) - A pipeline ruptured along the scenic California coastline on Tuesday, spilling some 21,000 gallons (79,000 liters) of oil into the ocean and on beaches before it could be secured, a U.S.

HONG KONG, May 20 (Reuters) - China's Hanergy Thin Film Power Group said its shares were suspended for trading on Wednesday after its stock fell nearly 50 percent.

* Yet oil markets remain oversupplied (Adds Japan oil data, comment, updates prices)

TOKYO, May 20 (Reuters) - Japan's nuclear regulator signed off on the basic safety of a reactor at a third nuclear plant on Wednesday, as the country inches toward rebooting its atomic industry more than four years after the 2011 Fukushima disaster.

SINGAPORE, May 20 (Reuters) - Crude oil prices bounced back on Wednesday from steep falls in the previous session as strong Japanese economic growth surprised markets and the business outlook in Australia also seemed to brighten, stoking producer hopes of increased demand.

NEW DELHI, May 20 (Reuters) - Iranian trade negotiators have become more assertive with Indian counterparts as hopes rise of international sanctions on Tehran easing later this year, sources said, and Indian companies fear they may lose business as more countries bid for projects.

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