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Low Heating Oil Prices Depress Domestic Wood Pellet Market

Plunging crude oil prices continue to depress the domestic wood pellet market, with residential consumers both in the U.S. and Canada finding themselves opting for conventional heating oil rather than their pellet stoves, say industry experts.

Bolivian president's woes deepen as ex-girlfriend is held

LA PAZ, Feb 29 (Reuters) - Bolivian President Evo Morales, fresh from his first major electoral defeat in last week's referendum on extending his rule, is facing a deepening scandal over his ties to a woman who was held by police over the weekend.

EU not seen increasing emissions targets despite Paris deal -draft

BRUSSELS, Feb 29 (Reuters) - EU regulators will say this week the European Union does not need a more ambitious greenhouse gas target until the next decade, a text seen by Reuters shows, even though the Paris climate deal stipulates goals should be reviewed in 2018.

Pay for Berkshire's Abel jumped 48 pct to $40.77 mln in 2015

Feb 29 (Reuters) - The energy unit of Warren Buffett's Berkshire Hathaway Inc on Monday said Gregory Abel, its chairman and chief executive, saw his compensation jump 48 percent last year to $40.77 million, reflecting a large incentive award.

Standard & Poor's affirms BHP Billiton's credit rating

Feb 29 (Reuters) - Standard & Poor's affirmed its "A" rating on global miner BHP Billiton's debt, citing a change in the company's dividend policy.

COLUMN-Hedge funds turn bullish on Brent but not WTI: Kemp

LONDON, Feb 29 (Reuters) - Hedge funds are turning more positive about the outlook for crude oil prices, according to the latest positioning data from regulators and exchanges.

UPDATE 1-Iran reformists cheer election gains, conservatives play down shift

* Iran's economic indicators http://reut.rs/1P8jWNx (Adds Khatami, final results, turnout, quotes, interior minister, pvs DUBAI)

Gabon president Bongo says will seek second term this year

PORT GENTIL, Gabon, Feb 29 (Reuters) - Gabon President Ali Bongo said on Monday he would run for a second term in elections later this year, seeking to extend his party's near 50-year rule over the oil-producing central African state.

UPDATE 1-Icahn offers to buy rest of auto parts maker Federal-Mogul

Feb 29 (Reuters) - Billionaire Carl Icahn's investment company offered to buy the 18 percent of auto parts maker Federal-Mogul Holdings Corp that it does not already own for about $213 million.

Icahn offers to buy remaining stake in Federal-Mogul

Feb 29 (Reuters) - Auto parts maker Federal-Mogul Holdings Corp said it received a proposal from billionaire Carl Icahn's Icahn Enterprises L.P.

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