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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.

UPDATE 2-Abengoa unit files for U.S. bankruptcy with up to $10 bln in debt

WILMINGTON, Del./CHICAGO, Feb 24 (Reuters) - Abengoa SA put its U.S.

Mexico's Pemex says crude output fell in January

MEXICO CITY, Feb 24 (Reuters) - Crude oil production at Mexico's state-owned oil company Pemex fell slightly in January compared to the prior month, the firm said on Wednesday.

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

SYDNEY, Feb 25 (Reuters) - Australia's South32 Ltd reported a first-half loss of $1.7 billion, largely due to writedowns of its manganese businesses.

WTI-Brent price spread widens as U.S. crude stockpiles mount

Feb 24 (Reuters) - U.S.

CANADA STOCKS-TSX pares losses on higher oil prices but bank earnings weigh

TORONTO, Feb 24 (Reuters) - Canada's main stock index fell to a one-week low on Wednesday as weaker-than-expected bank earnings dragged down financial stocks, but higher crude oil prices helped pare some of the losses, providing support for energy stocks.

UPDATE 1-Brazil court authorizes probes of former Rousseff top aide, Sao Paulo mayor

SAO PAULO, Feb 24 (Reuters) - Brazil's Supreme Court on Wednesday authorized formal investigations into potential corruption involving President Dilma Rousseff's former chief of staff, as well as the mayor of the country's largest city and an opposition senator.

UPDATE 1-Offshore driller Transocean posts fourth-quarter profit

Feb 24 (Reuters) - Offshore rig contractor Transocean Ltd posted a fourth-quarter profit, compared with a loss a year earlier, when it booked $1.21 billion in impairment charges.

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