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COLUMN-El Nino's end offers ray of hope for the distillate market: Kemp

* Freight transportation services index: http://tmsnrt.rs/1n1dNpn

China adopts law on deep sea exploration

BEIJING, Feb 26 (Reuters) - China on Friday adopted a new law on deep sea exploration, state media said, the country's latest move to cement its status as a seagoing power.

UPDATE 1-India's state-owned LIC buys 59 pct of NTPC shares on offer

MUMBAI/NEW DELHI, Feb 26 (Reuters) - State-owned Life Insurance Corporation of India bought more than half of the shares being sold by the government in power utility NTPC Ltd , the latest instance of the insurer playing a key role in a government sale.

UPDATE 2-Iraqi Kurdish oil pipeline seen shut for two more weeks

ISTANBUL/ANKARA, Feb 26 (Reuters) - Iraqi Kurdish oil exports to world markets will remain halted for at least another two weeks, Turkish shipping and industry sources said on Friday, as security threats to the pipeline in Turkey's southeast have significantly increased.

UPDATE 4-Oil set for weekly rise as gasoline buoys prices

* March meeting with Saudi, Qatar and Russia - Del Pino (Updates throughout, changes dateline, previous SINGAPORE)

UPDATE 1-Former BP rig supervisor found not guilty in oil spill case

Feb 25 (Reuters) - A former BP Plc supervisor was found not guilty by a New Orleans jury on Thursday of a single pollution charge stemming from the 2010 Deepwater Horizon drilling disaster that killed 11 people.

In oil crisis, Azerbaijan leader is hostage to father's legacy

MOSCOW, Feb 26 (Reuters) - If Azerbaijan's leader Ilham Aliyev is to steer his oil exporting state out of its economic crisis, he will have to show a resolve not in evidence during his privileged upbringing or in the 13 years since he succeeded his father as president.

UPDATE 2-Italy's Eni responds to heavy loss with cost cutting plan

* Confirms 0.8 euro dividend for 2015 (Recast lead, adds broker comments, shares)

UPDATE 1-Twenty six missing in mining accident in Russia's Arctic

MOSCOW, Feb 26 (Reuters) - Twenty six miners were missing and four confirmed dead after an accident on Thursday at a coal mine above the Arctic circle owned by a subsidiary of Severstal , Russian prosecutors said on Friday.

Petroceltic gets buyout offer from largest shareholder

Feb 26 (Reuters) - Oil producer Petroceltic International Plc's largest shareholder, WorldView Capital Management, offered to acquire the company for 6.42 million pounds ($8.98 million) in cash, a month after Petroceltic said it was considering an offer.<

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