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UPDATE 1-U.S. crude options volatility sinks as prices bounce off Feb lows

NEW YORK, March 16 (Reuters) - Options-related volatility in U.S. crude oil has sunk to its lowest since January, with investors returning to the sidelines after scrambling to protect their positions as futures prices rallied off 12-year lows hit last month.

U.S. crude options volatility sinks as prices bounce off Feb lows

NEW YORK, March 16 (Reuters) - Options-related volatility in U.S.

Southcross Energy says parent company may file for bankruptcy

March 16 (Reuters) - Natural gas pipeline company Southcross Energy Partners LP said its parent, Southcross Holdings LP, has reached a restructuring deal "in principle" with its owners, lenders and others, that would be implemented under Chapter 11.

Post-sanctions Iran: enthusiastic about steel expansion

Platts editors discuss Iran's announcement that it plans to more than double steelmaking capacity to 55 million mt/year by 2025, which would make it one of the world's top ten steelmaking nations.

Saudi Arabia fully supports Doha oil meeting in April -Saudi source

KHOBAR, Saudi Arabia, March 16 (Reuters) - Top OPEC producer Saudi Arabia fully supports an emergency meeting for oil producers in the Qatari capital Doha in April, a Saudi oil source said on Wednesday.

US Offshore Wind Cost May Drop 55 Percent as Builders Gain Experience

The cost of building wind farms off the U.S. coast may decline as much as 55 percent within 13 years, letting developers offer clean power at rates competitive with market prices, according to a study released Tuesday by the University of Delaware.

UPDATE 2-Nigeria's state oil company denies it failed to remit $16 bln in 2014

ABUJA, March 16 (Reuters) - Nigeria's state oil company on Wednesday challenged official allegations that it had failed to remit 3.2 trillion naira ($16 billion) in revenues to the government in 2014 and said it only owed $1.64 billion.

Peabody short sellers paying 100 percent to borrow shares

SAN FRANCISCO, March 16 (Reuters) - The interest rate short sellers must pay to borrow shares of Peabody Energy has jumped to 100 percent after the largest U.S. coal producer said on Wednesday it may have to seek bankruptcy protection.

Russia says oil producers to discuss freeze on output, not exports in April

MOSCOW, March 16 (Reuters) - Russian Energy Minister Alexander Novak said on Wednesday that OPEC and non-OPEC nations would discuss a possible deal on an oil production freeze, but not one on exports at their meeting in Doha on April 17.

UPDATE 2-Brazil's Lula takes Cabinet post in bid to save Rousseff

BRASILIA/SAO PAULO, March 16 (Reuters) - Former Brazilian President Luiz Inacio Lula da Silva will take over as chief of staff for his successor Dilma Rousseff in a bid to save her from impeachment, raising the prospect of a shift away from austerity to revive a moribund economy.

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