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UPDATE 1-Rouhani allies win most Tehran seats in clerical body-final results on IRNA

DUBAI, Feb 29 (Reuters) - President Hassan Rouhani and his allies won 15 out of the 16 Tehran seats in the Assembly of Experts, final election results published on Monday showed, ousting two prominent hardliners including the speaker of the powerful clerical body.

RPT-Reformist gains in Iran elections clear way for business boom

* Rouhani administration has freer hand to push economic reforms

UPDATE 1-China expects to lay off 1.8 mln workers in coal, steel sectors

BEIJING, Feb 29 (Reuters) - China said on Monday it expects to lay off 1.8 million workers in the coal and steel sectors as part of efforts to reduce industrial overcapacity, but no timeframe was given.

Rouhani allies win most Tehran seats in clerical body-final results on IRNA

DUBAI, Feb 29 (Reuters) - Final Iranian election results show President Hassan Rouhani and his allies won 15 out of the 16 seats reserved for Tehran in the Assembly of Experts, an important leadership body, state news agency IRNA reported on Monday.

COLUMN-LNG needs new pricing, rules to realise its golden age: Russell

LAUNCESTON, Australia, Feb 29 (Reuters) - - In theory these should be great days for the liquefied natural gas (LNG) industry as new plants are commissioned to supply the clean-burning fuel to energy hungry markets across rapidly developing Asia.

U.S. shale's message for OPEC: above $40, we are coming back

NEW YORK, Feb 29 (Reuters) - For leading U.S.

Brazil justice minister to quit as Lula probe tension grows -papers

RIO DE JANEIRO, Feb 29 (Reuters) - Brazil's Justice Minister Jose Eduardo Cardoso plans to resign, fed up with rising attacks from his Workers' Party over a police probe into the activities of former Brazilian President Luiz Inacio Lula da Silva, two Brazilian newspapers reported Sunday.

BP to face Senate over Australian Bight oil and gas drilling plans

Offshore oil exploration in Australia's most prospective frontier basin could be heading the way of onshore gas development in the country’s southeast: straight into an environmental roadblock.

Iraq is second-leading contributor to global liquids supply growth in 2015

(Mon, 29 Feb 2016) Iraq was the second-leading contributor to the growth in global oil supply in 2015, behind only the United States. Crude oil production in Iraq, including fields in the Kurdistan Region of northern Iraq, averaged 4.0 million barrels per day (b/d) in 2015, almost 700,000 b/d above the 2014 level. Iraq is the second-largest oil producer in the Organization of the Petroleum Exporting Countries (OPEC) and accounted for about 75% of total OPEC production growth in 2015.

UPDATE 2-Oil prices rise, signs mount that market is bottoming out

* Traders boost their bets on rising crude prices (Adds comment, technical chart; updates prices)

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