Europe Top News and Analysis Nigeria

  • *Coming Up: U.S. Weekly jobless claims at 1230 GMT. LONDON, Oct 25- Brent crude oil rose above $108 per barrel on Thursday, consolidating after seven days of falls as better-than-expected data suggested the world economy was recovering, but analysts said the overall outlook for oil prices was bearish.

  • Crude oil stocks in the United States jumped 5.9 million barrels last week, the U.S. Energy Information Administration said in a weekly report, well above the increase of 1.9 million barrels in a Reuters survey of analysts.

  • Now, there are reports of good production in the Ivory Coast and Nigeria while the harvest is progressing in West Africa, said Jack Scoville, vice president of Price Futures Group. In other trading, most commodity prices were lower after more disappointing economic news from Europe outweighed a positive report on China's manufacturing sector.

  • LONDON, Oct 24- Brent crude oil fell for a seventh consecutive session on Wednesday after U.S. crude stocks rose last week, offsetting earlier strength prompted by signs that Chinese demand could stage a recovery. Brent crude was down 42 cents at $107.83 a barrel by 1455 GMT and looked on track for its lowest close since early August. U.S. oil fell $1 cents to $85.67.

  • LONDON, Oct 24- Brent crude oil steadied around $108 per barrel on Wednesday after a six-day losing streak as weak European data offset earlier strength prompted by signs that Chinese demand could stage a recovery. Manufacturing PMI in Germany, Europe's largest economy, fell unexpectedly, while business sentiment dropped for the sixth consecutive month.

  • *Nigeria loses out on $29 bln on cut-price gas deals-report. ABUJA, Oct 24- Nigeria lost out on tens of billions of dollars in oil and gas revenues over the last decade from cut price deals struck between multinational oil companies and government officials, a confidential report seen by Reuters says.

  • *Iran, Nigeria supply concerns underpin prices. LONDON, Oct 24- Oil rose on Wednesday, snapping a six-day losing streak, after economic data from China suggested a gradual recovery in the world's No. 2 oil consumer, though weak European data kept the gain slim. Brent crude was up 40 cents at $108.65 a barrel by 1020 GMT.

  • *Coming Up: EIA data 1430 GMT, Federal Reserve policy decision 1815 GMT. SINGAPORE, Oct 24- Oil rose on Wednesday, snapping a six-day losing streak, after economic data from China suggested a gradual recovery in the world's No. 2 oil consumer, though weak European data kept the gain slim. Brent crude was up 63 cents at $108.88 a barrel by 0855 GMT.

  • LAGOS, Nigeria-- Royal Dutch Shell PLC warned Tuesday that it won't be able to make its estimated production for two types of oil pumped from Nigeria, largely blaming attacks on its pipelines by thieves wanting to steal crude.

  • BROUMOV, Czech Republic-- When the managers of a textile factory in northern Czech Republic declared they would focus sales on Africa, their bankers, insurers and suppliers shook their heads in disbelief.

  • LAGOS, Nigeria-- Gunmen attacked a ship operated by a French oil and gas services company off the coast of Nigeria's oil-rich southern delta, kidnapping six Russian sailors and an Estonian in the assault, the firm said Wednesday.

  • LAGOS, Nigeria-- "FELA LIVES," reads the Gothic-lettered tattoo on the back of one of the sons of the legendary Afrobeat singer from Nigeria. Fela Anikulapo-Kuti died 15 years ago but his name seems to be mentioned more now than ever.

  • Investors Eyeing This Fast-Growing African Country

    Nigeria's explosive population rise and emerging middle class has catapulted it from so-called "new frontier" status to emerging market status, and is increasingly attracting investor interest.

  • GENEVA, Oct 12- West African crude oil differentials were assessed slightly lower on Friday as traders reported slow sales for the remaining November cargoes due partly to Chinese refinery outages.

  • LONDON, Oct 12- Asian spot prices of liquefied natural gas steadied this week amid early signs that potential supply disruption from Nigeria and Indonesia may offset weak Japanese demand.

  • SINGAPORE, Oct 12- The Asian naphtha price and margins ended the week at a three-session low of $985 a tonne and $123.03 a tonne respectively to mirror the fall in European values as gasoline demand softened. "The fall in margins today was a reflection of the gasoline market in Europe," said a Singapore- based trader.

  • LAGOS, Oct 12- Nigeria's Dangote Flour. said on Friday it swung to a pre-tax loss of 748.15 million naira in the first half of the year, compared with pre-tax profit of 244.51 million naira in the same period last year.

  • NAIROBI, Oct 12- The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday. MAURITIUS- Bank of Mauritius to auction 364- day Treasury bills worth 500. by tensions between Turkey and Syria, lower output at North Sea oilfields.

  • *Greece's biggest company CCH quits for Switzerland. that it was switching its primary listing from Athens to London and moving its corporate base to stable, low-tax Switzerland is a bitter blow to the debt-crippled nation.

  • *Plans to maintain plants in Greece but most activity abroad. ATHENS, Oct 11- Greece's biggest company, Coca Cola Hellenic, is leaving the country, the drinks bottler said on Thursday as its move to Switzerland and a London listing for its shares dealt a blow to the crippled Greek economy.