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Eyeing oil price rise, Chevron to boost Permian rig count

NEW YORK, March 8 (Reuters) - Chevron Corp will add two drilling rigs to the oil-rich Permian shale of West Texas in 2016, part of a bet that crude prices will rise this year from near 10-year lows.

Venezuela and China consider 'adjustments' to financing accord: oil min

CARACAS, March 8 (Reuters) - Venezuela and China are considering "adjustments" to a multibillion-dollar financing agreement under which the South American nation borrows money and repays in shipments of oil and fuel, Venezuela's Oil Minister said on Tuesday.<

RPT-UPDATE 11-Oil down 3 pct; rally snaps on supply worry, Goldman caution

NEW YORK, March 8 (Reuters) - Oil prices fell 3 percent on Tuesday, ending six days of gains for benchmark Brent crude, as Goldman Sachs suggested the rally was unsustainable and industry data showed U.S. stockpiles reached record highs again last week.

UPDATE 2-Bankruptcy court ruling stings operators of energy pipelines

March 8 (Reuters) - Sabine Oil & Gas Corp won an important court ruling on Tuesday that will allow the bankrupt energy producer to shed certain pipeline contracts, potentially exposing companies that transport and process gas to the crisis in the energy industry.

As arb from NWE slams shut, where will Med utilities get their fuel oil from?

Platts editors on why the premium of Med LSFO prices over NWE tumbled to its narrowest level in 20-months on the back of plummeting freight rates between the two regions.

France's SICASIL Adds Micro Hydro to Drinking Water System

A micro Francis-type turbine added to an existing drinking water system has added 215 kW of hydroelectric power to French utility SICASIL's network.

Nigeria hopeful oil producers will meet in Russia by end of March

ABUJA, March 8 (Reuters) - Nigeria is hopeful some members of OPEC will meet other oil producers in Russia before the end of March for talks about an oil output freeze, Minister of State for Petroleum Emmanuel Ibe Kachikwu said on Tuesday.

UPDATE 2-Former Odebrecht CEO sentenced in Brazil kickback case

* Influential executive gets 19 years for bribery, organized crime

Italy, France want to create European industrial champions -Hollande

VENICE, Italy March 8 (Reuters) - France and Italy want to cooperate in key industrial sectors, including telecoms, and create major companies that can compete at a European level, French President Francois Hollande said on Tuesday.

Likely impact of first US shale gas shipment to EU on region's plastics

Platts looks at the impending arrival of the first shipment of US shale gas to Europe and its likely impact on the region's plastics industry.

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