UPDATE 2-Small U.S. oil platform on fire in Gulf of Mexico; no injuries May 22- A small offshore oil platform caught fire in shallow water near the coast of Louisiana on Friday and a sheen was seen in the sea after workers were evacuated, officials said. All 28 workers aboard were taken from the platform, located about 20 miles east of the boot tip of Louisiana, onto a nearby supply vessel and taken ashore. It was unclear how much oil had...
UPDATE 1-U.S. oil platform on fire in Gulf Of Mexico; no injuries -Coast Guard Gulf of Mexico offshore Louisiana in the early hours of Friday, though no injuries were reported, the U.S. Coast Guard said. Fire-fighting crews worked to contain the fire on Friday near Breton Island, 50 miles offshore New Orleans, the Coast Guard said. It was unclear what caused the incident or how much oil leaked into the ocean, but the Coast Guard said it has...
Retail detail: Winners and losers Stacey Widlitz, CNBC retail analyst, discusses where to find opportunity in the retail market, The Closing Bell panel weighs in.
Rich world should help emerging countries cut pollution-Glencore chairman PARIS, May 21- Rich countries should help developing countries like India limit their carbon emissions by supporting the building of more expensive but cleaner energy plants, Glencore chairman Tony Hayward said on Thursday. Hayward said that India, where hundreds of millions of people have no access to electricity, is about to build 200 gigawatts of...
| By: Alister Doyle and Geert De Clercq
GLOBAL ECONOMY-Weak euro zone, Asia pin hopes on U.S. economy for global bounce *PMIs point to 0.4 pct euro zone growth in Q2- Markit. *No signs of a Q2 pickup in Asia- HSBC. LONDON/ SYDNEY, May 21- Euro zone business growth was weaker than expected this month and factory activity in Asia's top two economies remained stuck in low gear, putting the onus squarely on the United States to drive a pick-up in global growth.
| By: Jonathan Cable and Ian Chua
UPDATE 1-BP suspends West Azeri platform for planned maintenance BAKU, May 21- British oil major BP has suspended operations at West Azeri, one of its platforms in the Caspian Sea, for planned maintenance, Tamam Bayatly, a spokeswoman for BP Azerbaijan, told Reuters on Thursday. Oil output from the main Azeri, Chirag and Guneshli oilfields operated by BP, which account for most of Azerbaijan's output, rose to 8 million tonnes in the...