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China state firms' Jan-Feb profits fall 14.2 percent y/y

BEIJING, March 25 (Reuters) - Profits from China's state firms fell 14.2 percent in the January to February period from a year earlier to 222.61 billion yuan ($34.2 billion), the Ministry of Finance said on Friday, in a sign of worsening business conditions from a slowing economy.

U.S. petroleum product exports continue to increase

(Fri, 25 Mar 2016) Total U.S. petroleum product exports continued to increase in 2015, up 467,000 barrels per day (b/d) from 2014 to 4.3 million b/d, driven by increased exports of distillate fuel, motor gasoline, and propane. Mexico and countries in Central and South America continue to be major recipients of U.S. petroleum product exports.

Nigeria targets 300 army officers, firms, in widening corruption probe

ABUJA, March 25 (Reuters) - Nigeria has accused 300 firms and individuals, including army officers, of embezzling 48 billion naira ($241.45 million) through overpaid defence contracts or fraud, the presidency said on Thursday in a widening a crackdown on graft.

COLUMN-Oil price war threatens U.S. sense of energy security: Kemp

LONDON, March 24 (Reuters) - The political economy of oil prices in the United States is complicated.

Switzerland to hand Venezuela oil firm bank records to US - Bloomberg

ZURICH, March 24 (Reuters) - In a widening corruption probe into Venezuela's state oil company by the U.S. Justice Department, Swiss regulators have agreed to provide U.S. prosecutors with records from at least 18 banks relating to the oil firm, Bloomberg reported on Wednesday.

Delays at Venezuela's main crude port trigger vessels backlog

HOUSTON/CARACAS, March 24 (Reuters) - Serious delays to load and unload vessels at Venezuela's main crude port started to create a backlog of tankers last week that is now extending to the island of Curacao, according to traders, a union representative and Thomson Reuters data.

WRAPUP 3-Syrian forces fight their way into Palmyra, as Kerry and Putin hail thaw

GENEVA/MOSCOW/BEIRUT, March 24 (Reuters) - Syrian troops backed by Russian air support fought their way into the Islamic State-held city of Palmyra on Thursday, their biggest offensive yet against the jihadist caliphate, as Moscow and Washington discussed how to help to end the civil war.

Total and Iran sign South Azadegan agreement - Press TV

PARIS, March 24 (Reuters) - French oil and gas firm Total has signed a confidential agreement with Tehran to develop Iran's South Azadegan oil field which it shares with Iraq, state-run Press TV reported on Thursday, quoting Oil Minister Bijan Zangeneh.

UPDATE 4-U.S. indicts Iranians for hacking dozens of banks, New York dam

WASHINGTON, March 24 (Reuters) - Seven Iranian hackers broke into computers of dozens of U.S. banks, causing millions of dollars in lost business, and tried to shut down a New York dam, the U.S.

Brazilian turbulence may offer value for careful stockpickers

NEW YORK, March 24 (Reuters) - When global oil prices peaked in 2008, Brazil's Petrobras had a market value of $290 billion, outranking U.S. tech bellwethers like Microsoft Corp and Apple Inc. Today, the one-time state champion is worth one ninth of that.

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