Italian energy company Eni started closing the flow stations on a large Nigerian pipeline because of a fire.» Read More
*Supply disruptions in Libya, Nigeria, Iraq. NEW YORK, Aug 1- U.S. crude oil prices rose almost 3 percent on Thursday, narrowing the discount to European Brent for a second day, on a wave of surprisingly upbeat global economic data and supply disruptions in Africa and Iraq.
U.S. crude oil prices climbed to the highest level in 10 days, after better-than-expected employment and manufacturing data brightened the economic outlook.
*Supply disruptions in Libya, Nigeria, Iraq trim supply. NEW YORK, Aug 1- U.S. crude oil prices rose more than 2 percent on Thursday, narrowing its discount to European Brent for a second day, on a wave of surprisingly upbeat global economic data and supply disruptions in Africa and Iraq.
European shares closed mixed on Wednesday despite investor sentiment being boosted by better-than-expected gross domestic product (GDP) growth from the U.S.
TRIPOLI, June 19- Production at Libya's Abu Attifel oilfield will resume on Thursday after a deal was reached with workers who had gone on strike over salaries, a source working at the field said.
U.S. stock index futures shaved their early gains following a weaker-than-expected durable goods orders report and as Apple shares weighed.
Apple briefly got some of its shine back, after it delivered a package of capital programs that shareholders have been clamoring for.
Ireland is currently a 100 percent importer of oil, but Providence Resources means to produce 70 percent of the republic's demand.
Cyprus has found itself right in the middle of a geopolitical game in which its gas potential is a tool in a showdown between Russia and the European Union.
Paolo Scaroni, CEO of ENI, promised to develop a plan of share buy back, if oil prices stay as high as where they are today, adding every time he makes a forecast on oil prices he is wrong.
Despite objections, the U.S. is heading down the road to export natural gas, and that could ultimately help shake up world energy markets.
Suncor Energy has seen "a lot of interest" from potential merger partners, but is unlikely to consent to a deal with a large international company like ExxonMobil, Suncor's CEO said Tuesday.
The U.S. oil production boom had been expected, but the magnitude of change in such a short period of time is a surprise.
U.S. stock index futures were narrowly mixed Friday as investors hesitated to jump in as finance ministers and central banks from the Group of 20 met in Moscow amid growing worries over a currency war.
The new head of Italian defense group Finmeccanica has inherited a corruption crisis over a $750 million helicopter deal with India that risks hurting the company's business.
European shares suffered their biggest daily drop this month after gloomy earnings and weak U.S. economic data hit sentiment on Wednesday and left some positioning for further falls in the near-term.
Corporate chieftains gathered in Davos, Switzerland this week see reason to be optimistic that the shale boom can re-industrialize the US economy and drive not only U.S. but also global growth.
It is difficult to export and compete with the U.S. due to the high euro/dollar exchange rate, which should be around parity, says Giuseppe Recchi, chairman of Italy's Eni.
Italy's Eni plans to invest $8 billion in Libya over the next 10 years to develop its upstream business as it moves to strengthen its grip as the leading international oil and gas producer in the country.
The boom in U.S. natural gas production is changing industry dynamics in Europe and Asia, chairman of Italy's Eni, Giuseppe Recchi, told CNBC's "Closing Bell" on Friday.