* Transneft plans to resume pumping via Druzhba at 1300 GMT - RIA. * U.S. crude inventories rise, say sources citing API data. * Coming up: U.S. inflation data, official U.S. crude stockpiles. By Rowena Edwards. Oil prices fell on Wednesday on expectations that Druzhba pipeline flows will resume shortly and demand concerns ahead of publication of key demand indicators.
Ukraine's grain, oilseed, vegetable oil exports rose 22.7% in July versus June to 2.66 million tonnes thank to higher wheat and barley shipments, the agriculture ministry said on Wednesday. The ministry said in a statement the July's volume included 412,000 tonnes of wheat, 183,000 tonnes of barley, 1.1 million tonnes of corn, 362,100 tonnes of sunseed and tonnages of other commodities.
Oil prices fell on Wednesday on expectations that Druzhba pipeline flows will resume shortly and demand concerns ahead of publication of key demand indicators. Brent crude futures were down $1.69, or 1.75%, to $94.62 a barrel at 1124 GMT.
British oil major BP and U.S. commodities trader Bunge Ltd (BG) have put their Brazilian sugar and ethanol joint venture BP Bunge Bioenergia up for sale, newspaper Valor Economico reported on Tuesday.
Ukraine has suspended Russian oil pipeline flows to parts of central Europe since early this month because Western sanctions prevented it from accepting transit fees from Moscow, Russian pipeline monopoly Transneft said on Tuesday. International benchmark Brent crude jumped by $2 per barrel to trade near $98 as the news added to energy supply concerns, but turned negative later in the day.
Ukraine has suspended Russian oil pipeline flows to parts of central Europe since early this month because Western sanctions prevented it from accepting transit fees from Moscow, Russian pipeline monopoly Transneft said on Tuesday. Benchmark Brent crude oil jumped by $2 per barrel to trade near $98 as the news added to concerns about reduced energy supplies.
* Major LNG plant outages disrupt global supplies. * BP takes $500 mln hit to replace LNG cargoes -sources. * Shell, BP, Total scramble to find cargoes in spot market. By Ron Bousso and Marwa Rashad.
* Russia oil exports halted via southern leg of Druzhba pipeline. * EU puts forward 'final' text to resurrect Iran nuclear deal. * Dollar edges lower as traders await U.S. inflation report. * Recession, demand expectations also weigh on market. * Coming up: API supply report, 2030 GMT. By Laila Kearney.
British oil major BP and U.S. commodities trader Bunge Ltd (BG) have put their Brazilian sugar and ethanol joint venture BP Bunge Bioenergia up for sale, newspaper Valor Economico reported on Tuesday.
Oil prices settled slightly lower on Tuesday after a see-saw session as worries that a slowing economy could cut demand vied with news that some oil exports had been suspended on the Russia-to-Europe Druzhba pipeline that transits Ukraine. Crude prices have been under pressure for weeks as fears mounted that a recession could cut oil demand.
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