Aug
19

Gas supplies ‘up’ in New York.

Crude oil fell for a second day in New York after U.S. gasoline inventories unexpectedly rose last week, signaling an economic recovery in the world’s biggest oil consumer that may be stalling.

Heritage Oil Plc, which sold projects in Uganda last month, plans to use part of the $700 million it will have left after paying dividends to buy oil and gas assets.

BP Plc would sell $30 billion in assets to pay for President Barack Obama’s Gulf of Mexico spill fund that will restore dividends at 65 percent below their previous level next year.

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