An international court said it would deliver a hotly anticipated ruling in the Philippines' case against China over the South China Sea on July 12, drawing an immediate rebuke from Beijing, which rejects the tribunal's jurisdiction.

China is a bigger concern for crude oil and products markets than the current worries about the British vote to leave the European Union.

OPEC's oil output has risen in June to its highest in recent history, a Reuters survey finds, as Nigeria's oil industry partially recovers from militant attacks and Iran and Gulf members boost supplies.

Bangladesh will sign a 15-year deal with Qatar's RasGas Co to import liquefied natural gas (LNG) starting in 2018 as the South Asian country turns to the supercooled fuel to fill a domestic supply gap for power generation