Russ Oil-Gas

European Indexes Drop
After a mixed morning, European indexes suffered losses in afternoon trading
From Standard & Poor's European MarketScope

... BASF's (BF)(-3.15%) Wintershall unit may face a damages claim from US-based Moncrief Oil over its partnership with Gazprom for the exploration of the Yuzhno-Russkoye gas field. A gas consortium, of which RWE (-3.22%) holds 22.5%, has found considerable gas reserves in Algeria. Schering (SHR) (-0.04%) saw its MS drug Betaferon well-positioned against competitor Avonex from Biogen (BIIB) in the fight against early stages of the illness. ....