Vattenfall Europe’s [VATN

Vattenfall Europe’s [VATN.UL] Kruemmel power station wentoff the grid at midday on Saturday when a transformershort-circuited after running at half load ahead of the botchedfull reopening. “On September 27, Germans will decide whether this and sevenother reactors can run longer, as Merkel .. wants, or if we canfinally switch off … He said Germany’s eight oldest reactors should shutimmediately and newer ones should not be allowed to operatelonger. Gabriel also said his party, the Social Democrats (SPD),will ensure that the exit programme will be tightened ratherthan relaxed, as is wished by the Conservatives (CDU), the SPD’sstronger partners in the government. Environment minister Sigmar Gabriel said Germany’s policy ofclosing plants should move more quickly, after the Kruemmelreactor failed to complete a restart over the weekend andinstead stopped working, causing power cuts. Chancellor Angela Merkel via a spokesman rebuffed theminister, sticking to her demands of a more relaxed nuclear exitprogramme after the national election on Sept 27. * Government divided over response * Operator has no timeline for results of study, restart (Adds Merkel, new Gabriel quote, latest from operator) FRANKFURT, July 6 (Reuters) – The failed restart of anageing German nuclear power plant on Monday sharpened thepolitical battlelines within the coalition government, ahead ofan election, on how quickly atomic power should be shut down.

[ID:nSP530327] (Reporting by Robert Gibbons; Editing by Lisa Shumaker) Funds News ETFs News France. [ID:nL6271869] * Kuwait wants to see oil prices above $60 a barrel, theprice level needed to meet the country’s budgetaryrequirements, Kuwait’s Oil Minister Sheikh Ahmad al-Abdullahal-Sabah said on Sunday. TECHNICALS NYMEX crude 10-day/20-day moving average: $68.55/$69.63 Technical support/resistance: NYMEX crude: $62.15/$66.00 NYMEX heating oil: $1.6250/$1.7250 NYMEX RBOB: $1.72/$1.82 For a full report on technicals, click on [ID:nL6222899] MARKET NEWS * France and Britain called on Monday for discussionsbetween oil producers and consumers to curtail oil pricevolatility. * The spread between the current front month and thefive-year forward crude contract CLc61 was at $18.10, basedon the August 2014 contract Thursday settlement at $82.03 Thespread ended Thursday at $15.30. * NYMEX August RBOB RBQ9 fell 5.73 cents, or 3.2 percentto $1.7335 a gallon, trading from $1.7195 to $1.80. * NYMEX August heating oil HOQ9 fell 6.82 cents, or 4.01percent, to $1.6334 a gallon, trading from $1.6234 to $1.7099.* The August/August RBOB crack spread was at$8.92, after ending at $8.48 on Thursday.

The August/Augustheating oil crack spread was at $4.71, after endingat $4.74 on Thursday. * In London, August Brent crude LCOQ9 fell $1.84, or 2.8percent, at $63.77 a barrel, trading from $63.26 to $65.46. Last Tuesday’s $73.38 peak was the highest intradayfront-month crude oil price since crude hit $75.69 on Oct 21. EDT(1335 GMT), August crude CLQ9 was down $2.80, or 4.2 percent,at $63.93 a barrel, trading from $63.40 to $67.17. Nigeria’s main militant group said Monday it had sabotageda Chevron (CVX.N) oil facility and seized a chemical tanker andsix crew members. [ID:nL627910] The Movement for the Emancipation of the Niger Delta saidit attacked Chevron’s facility on Sunday, hours after itsabotaged a Royal Dutch Shell (RDSa.L) operated oil well PRICES * On the New York Mercantile Exchange, at 9:35 a.m.