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US Cash Products-Selling pressure moves Chicago diffs down

* Chicago gasoline and diesel markets weaken * Harbor jet fuel jumps on airline buying * Gulf conventional gasoline slides after pipe scheduling NEW YORK, May 1 (Reuters) – Chicago cash gasoline and diesel trade lost steam and traded lower…  More »

UPDATE 3-Talisman profit misses estimates; cuts gas spending

May 1 (Reuters) – First-quarter profit at Talisman Energy Inc fell short of estimates as natural gas prices slumped to decade lows, which prompted the Canadian oil and gas producer to cut its full-year budget by 10 percent as it pulls more cash out of …  More »

RPT-UPDATE 1-US targets foreign evaders of Iran, Syria sanctions

(Repeats with no change to text. Adds quote from official, background)  More »

CORRECTED-UPDATE 4-Delta buys refinery, becoming first airline to make own fuel

* Delta to get $30 mln in state funds for jobs, infrastructure  More »

UPDATE 1-Suncor profit tops expectations; dividend raised

May 1 (Reuters) – Suncor Energy, Canada’s top oil producer and refiner, raised its quarterly dividend and reported first-quarter operating profit that topped forecasts, driven largely by better-than-expected production results.  More »

UPDATE 2-Valero posts loss, hurt by refinery charges

May 1 (Reuters) – U.S. oil refiner Valero Energy Corp posted a first-quarter loss as discounts on the crude it processes shrank and it took charges for shutting down its Aruba plant.  More »

CANADA STOCKS-TSX may open higher, results in focus

May 1 (Reuters) – Toronto’s main stock index looked set to edge up at the open on Tuesday, extending gains from the previous session, with investors expected to focus on results from companies including Cameco Corp.  More »

UPDATE 2-BP profit falls as oil spill costs still weigh

* Replacement cost net ex one-offs $4.80 bln vs f’cast $5.10 bln  More »

UPDATE 1-Japan’s Idemitsu not decided on Iran crude contract-exec

* Restarting one of the Tokuyama naphtha crackers -exec (Adds details)  More »

UPDATE 1-African Minerals CEO retires, chairman Frank Timis to run co for now

May 1 (Reuters) – Iron ore miner African Minerals Ltd said its Chief Executive Alan Watling had retired after overseeing the development of its Tonkolili iron ore project in Sierra Leone for three years, and handed over the reins to Executive Chairman…  More »

UPDATE 1-Cape says 1st-qtr revenue rises on growth at key markets

May 1 (Reuters) – Industrial services provider Cape Plc said its quarterly revenue rose 16 percent, helped by double-digit sales growth in the United Kingdom and two other regions.  More »

UPDATE 2-Brent crude holds above $119 as China offsets Europe, US

* U.S. crude stocks to post 6th weekly rise – poll (Updates prices)  More »

UPDATE 1-Xstrata Q1 copper production down

LONDON, May 1 (Reuters) – Miner Xstrata, which is moving into the final stages of a record tie-up with commodities trader Glencore, posted a drop in first-quarter copper production as it prepares for the ramp up of key projects in the second half of th…  More »

Brent holds above $119 as China offsets Europe, US gloom

SINGAPORE, May 1 (Reuters) – Brent crude held steady above $119 a barrel on Tuesday as China’s manufacturing activities grew, providing a bright spark amid a gloomier economic outlook in the euro zone and the United States that could depress fuel deman…  More »

UPDATE 1-Japan’s Mitsui, Mitsubishi to buy Australia LNG stake for $2 bln

* Mitsui, Mitsubishi to buy 14.7 pct stake for $2 bln * The two firms to help in financing, to take 1.5 mln tonnes of gas a year * Woodside shares up as much as 4 pct SYDNEY, May 1 (Reuters) – Japan’s Mitsui & Co and Mitsubishi Corp will jointly buy a 14.7 percent stake in an Australian LNG project from Woodside Petroleum for $2 billion, underscoring Japan’s demand for gas in the face of a drastically reduced nuclear …  More »
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