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UPDATE 1-Oil slips as oversupply, slowing growth outweigh strong gasoline demand

* But strong U.S. gasoline demand supports WTI (Adds comment, detail; updates prices)

UPDATE 2-Brazil Senate passes bill to relax Petrobras hold on rich oil region

BRASILIA/RIO DE JANEIRO, Feb 24 (Reuters) - Brazil's Senate on Wednesday passed a bill that reduces Petrobras control over some of the country's most promising offshore oil resources, in an attempt to kick start the country's oil industry hammered by low oil prices and a corruption scandal at the state-run oil company.

UPDATE 1-Venezuela, Gold Reserve to settle arbitration dispute with joint venture

CARACAS, Feb 24 (Reuters) - Venezuela and Canadian mining company Gold Reserve signed a memorandum of understanding on Wednesday to settle a protracted arbitration dispute through creation of a joint venture in the South American country.

BHP Billiton investors sue in U.S. over Brazil dam disaster

NEW YORK, Feb 24 (Reuters) - BHP Billiton Ltd was sued in the United States by investors who accused the Anglo-Australian mining company of fraudulently overstating its ability to manage safety risks prior to November's fatal dam burst at a Brazilian mine it co-owned and operated.

U.S. crude steady as strong gasoline demand offset by record stocks

SINGAPORE, Feb 25 (Reuters) - U.S. crude oil futures held steady in early trading on Thursday as strong demand for gasoline was offset by a new record in crude stockpiles.

UPDATE 1-Manganese writedowns push South32 to $1.7 bln half-year loss

* Leads to $1.7 bln half-yr loss (Adds details, share price)

Boeing and Aeromexico collaborates on biofuel research and development in Mexico

Plane maker Boeing will collaborate with Aeromexico and Mexico's Airports and Auxiliary Services (ASA) to work on a bioject program aimed at advancing research and development of sustainable aviation biofuel in Mexico.

Agreement reached in Venezuela dispute with Gold Reserve

CARACAS, Feb 24 (Reuters) - A solution was reached in Venezuela's arbitration dispute with Gold Reserve Inc., with the Canadian company providing a $2 billion loan and a $2 billion investment as part of a mining joint venture, according to President Nicolas Maduro.

UPDATE 2-Whiting slashes budget, suspends fracking; shares jump

Feb 24 (Reuters) - North Dakota oil producer Whiting Petroleum Corp said on Wednesday it will suspend all fracking and spend 80 percent less this year, the biggest cutback to date by a major U.S.

UPDATE 1-Mexico's Pemex says crude exports jumped in January

MEXICO CITY, Feb 24 (Reuters) - Crude oil exports from Mexico's state-owned oil company Pemex jumped 11 percent in January compared to the prior month, while output edged down slightly, the firm said on Wednesday.

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