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UPDATE 1-U.S. 2017 crude oil output to fall by 480,000 bpd -EIA

NEW YORK, March 8 (Reuters) - The U.S. government said on Tuesday that U.S. crude oil production next year is forecast to fall by more than double what it predicted just a month ago, the latest sign that a 19-month price rout is taking a deeper toll on drillers.

Nigerian president approves state oil firm overhaul -minister

LAGOS, March 8 (Reuters) - Nigeria's president has approved a restructuring of the state oil company, Minister of State for Petroleum Emmanuel Ibe Kachikwu told reporters on Tuesday.

RPT-COLUMN-Where has the oil gone? Missing barrels and market rebalancing: Kemp

LONDON, March 8 (Reuters) - Global oil production exceeded consumption by just over 1 billion barrels in 2014/15, according to the International Energy Agency (IEA).

Nigeria wants to end refined petroleum imports within 18 months

ABUJA, March 8 (Reuters) - Nigeria, Africa's top oil producer, wants to remove the need for imported petroleum products within 18 months, Minister of State for Petroleum Emmanuel Ibe Kachikwu said on Tuesday.

UPDATE 1-South Africa to start shale gas exploration in next year

CAPE TOWN, March 8 (Reuters) - South Africa will give the green light in the next 12 months to companies looking to explore for shale gas under the semi-arid Karoo basin, the government said on Tuesday, more than six years after firms such as Shell applied for licences.

UPDATE 3-Chevron plans to slash budget to save cash for dividend

NEW YORK March 8 (Reuters) - Oil and gas major Chevron Corp will slash its capital budget by as much as 36 percent in 2017 and 2018, a cash-saving bid to preserve its 90-year-old dividend as it copes with crude prices near 10-year lows.

REFILE-UPDATE 1-Odebrecht, OAS ex-CEOs mull collaborating in Brazil probe -paper

BRASILIA, March 8 (Reuters) - The former chief executives of major Brazilian builders Odebrecht SA and OAS Empreendimentos SA could strike plea bargain deals with prosecutors in the Petrobras probe, newspaper O Globo reported on Tuesday.

WRAPUP 1-Houthis, Saudis discuss ending Yemen war, sources say

CAIRO/DUBAI, March 8 (Reuters) - Iran-allied Houthis and their Saudi foes have begun talks to try to end Yemen's war, two officials said, in what appears their most serious bid to close a theatre of Saudi-Iranian rivalry deepening political tumult across the Middle East.

Vivint Cancels $1.9 Billion Buyout Offer from SunEdison

SunEdison Inc., the world’s biggest renewable-energy developer, surged after Vivint Solar Inc. canceled a $1.9 billion buyout, saying its suitor failed to meet obligations to complete the deal.

Midstream energy industry braces for key bankruptcy court ruling

WILMINGTON, Del, March 8 (Reuters) - The $500 billion midstream sector is bracing on Tuesday for a ruling from a U.S. bankruptcy judge that could determine if energy producers can use Chapter 11 to shed contracts with pipeline operators for transporting oil and natural gas.

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