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Boone Pickens sees oil rising, bets on Bush for White House

LAS VEGAS, May 7 (Reuters) - Billionaire investor T. Boone Pickens, who cemented his fortune with bets on oil companies, said the price of oil would likely hit $75 dollars a barrel by yearend as demand revives.

Oil prices stabilise after sharp fall

SINGAPORE, May 8 (Reuters) - Oil prices stabilised in early trading on Friday, following a steep fall in the previous session, as the demand outlook in Asia remained healthy despite slowing economic growth.

Brazil increases pressure on Venezuela to set election date

BRASILIA, May 7 (Reuters) - Brazil urged Venezuela's government on Thursday to set a date for a parliamentary election as soon as possible, stepping up pressure on its leftist ally and neighbor to resolve a simmering political crisis.

OTC 2015, Day 4: Coming clean about offshore safety systems for US oil and gas

While BSEE officials stressed a learning curve and need to be honest about shortcomings in audits, industry insiders expressed some hesitation about the audits and how the findings could be shared.

UPDATE 2-SandRidge is target of antitrust grand jury probe -filing

HOUSTON/NEW YORK May 7 (Reuters) - SandRidge Energy Inc is the target of a federal grand jury probe concerning violations of antitrust law related to the leasing of oil and gas properties, the company said in a regulatory filing on Thursday.

U.S. WCoast Products - L.A. gasoline backs down

SAN FRANCISCO, May 7 (Reuters) - Wholesale gasoline differentials in the Los Angeles market lost some of the ground they had gained over the last two days on Thursday as sellers were willing to deal at lower prices.

No experience, no problem: Alberta's NDP rookies scramble to govern

CALGARY, Alberta, May 7 (Reuters) - Alberta's new left-leaning government, which sensationally ended the Conservative party's 44-year run in Canada's energy heartland this week, is undertaking a crash course that could be called: "Ruling for Rookies."

Ex-British trade minister Davies joins Russia's LetterOne -Sky News

May 7 (Reuters) - Mervyn Davies, Britain's former trade minister, will be named deputy chairman of Russian tycoon Mikhail Fridman's LetterOne Group on Friday, Sky News reported on Thursday, citing a source.

UPDATE 2-Argentina's YPF reports higher than expected net Q1 profit

BUENOS AIRES, May 7 (Reuters) - Argentina's state energy company YPF posted better than expected first-quarter profit on Thursday but earnings were still down 24.3 percent on the year due to the global slide in oil prices.

MEDIA-Ex-UK trade minister to join Mikhail Fridman's LettterOne - Sky News

-- Note: Reuters has not verified this story and does not vouch for its accuracy

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