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  • MOSCOW, July 1- Russian aluminum giant Rusal has approval for a $3.6 billion debt restructuring deal from another of its creditors German financial services provider Portigon AG, two sources familiar with decision said. The deal has yet to be approved by one creditor- Britain's part-nationalized lender Royal Bank of Scotland, one source told Reuters.

  • Philly Tankers AS, majority-owned by Aker Philadelphia Shipyard is building four ships on spec, and Seabulk Tankers Inc, an indirect wholly-owned subsidiary of SEACOR Holdings Inc, is building another two.

  • DETROIT, June 30- General Motors Co's ongoing safety crisis over deadly ignition switches deepened on Monday with the recall of 8.23 million mostly older cars linked by the U.S. automaker to three deaths.

  • June 30- The compensation fund for victims of General Motors Co's defective ignition switch will be open to a broad range of people, with family members of those who died as a result eligible for at least $1 million, the attorney in charge of the fund said on Monday.

  • BP wants 'windfall' Gulf spill payments back Friday, 27 Jun 2014 | 6:41 PM ET

    BP has asked a U.S. judge to direct what it called a "vast number" of businesses to repay hundreds of millions of dollars awarded as compensation.

  • KHABAROVSK/ MOSCOW, Russia, June 27- Rosneft signed on Friday its second major agreement with BP since sanctions were imposed on the Russian oil company's chief executive, a close ally of President Vladimir Putin, over Russia's involvement in the Ukraine crisis.

  • KHABAROVSK, Russia, June 27- Rosneft signed its second major agreement with BP on Friday since sanctions were imposed on the Russian oil company's chief executive, a close ally of President Vladimir Putin, over the Ukraine crisis. The signing followed an agreement in by BP and Rosneft in May to jointly explore for tight oil in Russia.

  • *Oil minister sees production from BP project in 2017. AL-ASEEL OIL FIELD, Egypt, June 26- Egypt's oil minister said on Thursday that BP's $10 billion gas project, stalled for three years, had restarted and that production would begin in 2017, a sign of progress in efforts to ease the worst energy crunch in decades.

  • CAIRO, June 26- Egypt will pay $1.5 billion of the money it owes to foreign energy companies by the end of 2014, its oil minister said on Thursday, as the government tries to stave off a worsening power crisis. In April, Ismail said Egypt would pay about $1 billion "within two months" but the government has not yet announced that it has paid.

  • CAIRO, June 26- Egypt will pay $1.5 billion of the money it owes to foreign energy companies by the end of 2014, its oil minister said on Thursday, as the government aims to lure back wary investors to tap its reserves and boost production to meet soaring demand.

  • European shares hit 3-week low on Iraq concerns Wednesday, 25 Jun 2014 | 4:13 AM ET

    *GDF-Suez sags as France sells stake at bottom of range. PARIS, June 25- European shares dropped on Wednesday, mirroring a pull-back on Wall Street and in Asia as mounting worries over violence in Iraq prompted investors to book profits after a strong run.

  • CHICAGO, June 23- Despite the incendiary conflict in Iraq that last week sent the benchmark price of Brent crude oil to more than $115 a barrel, a nine-month high, U.S. stock markets largely shrugged off the oil threat, hitting record closing highs last week.

  • *Israel keen to build rapport with Kurds. *Israel previously bought small cargoes of trucked oil. LONDON, June 20- A tanker delivered a cargo of disputed crude oil from Iraqi Kurdistan's new pipeline for the first time on Friday in Israel, despite threats by Baghdad to take legal action against any buyer.

  • LONDON, June 20- Iraqi Kurdistan looked set to unload its first cargo of disputed crude oil in Israel from its new pipeline after weeks of seeking an outlet as Iraq's central government has threatened legal action against any buyer.

  • How the collapse of Iraq could actually save oil Thursday, 19 Jun 2014 | 6:29 PM ET
    A member from the oil police force stands guard at Zubair oilfield in Basra, southeast of Baghdad June 18, 2014.

    If the Baghdad government can keep militants away from its oil fields, Iraq's oil production could increase even as crude prices remain high.

  • MEXICO CITY, June 19- Political wrangling in Mexico means Congress is unlikely to approve before July legislation to complete an energy overhaul at the center of President Enrique Pena Nieto's economic agenda, lawmakers said on Thursday.

  • *Iraq asks United States for air support vs insurgents. LONDON, June 19- Brent crude hit a nine-month high near $115 a barrel on Thursday on concerns heavy fighting in Iraq could limit oil supply from OPEC's second-biggest producer.

  • *Iraq asks United States for air support vs insurgents. LONDON, June 19- Brent crude hit a nine-month high near $115 a barrel on Thursday on concerns heavy fighting in Iraq could limit oil supply from OPEC's second-biggest producer. Brent was up 10 cents at $114.36 a barrel by 0940 GMT, after reaching an intraday peak of $114.80, its highest since Sept. 9.

  • LONDON, June 19- Rolls-Royce shares jumped 7 percent on Thursday after the British aero-engine maker decided to buy back shares worth 1 billion pounds instead of making any major acquisitions. Rolls-Royce shares climbed to 1,076 pence, their highest in over two months, leading Britain's benchmark FTSE 100 index.

  • No grounds for US sanctions: Rosneft chief Sechin Thursday, 19 Jun 2014 | 4:17 AM ET

    Igor Sechin, the CEO of Rosneft, Russia's top oil producer, has slammed the U.S.'s decision to hit him with sanctions as making no sense.