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African oil exports seen suffering steep fall

African crude oil exports will fall by 600,000 b/d over the next six years as production from its biggest producers slips and rising regional refinery activity absorbs more domestic output, IEA says.

Asia alumina: Australia pauses at $227/mt, overheating concerns

The Platts Australian alumina daily assessment at $227/mt FOB Feb 25 has increased $6.50/mt in the last week and $24/mt in the past month,

South Sudan opposition forces allowed back into capital -monitor

JUBA, Feb 24 (Reuters) - Troops allied with South Sudan's Riek Machar, the former rebel leader and rival to President Salva Kiir, will deploy to the capital in March, a regional peace observer said, bolstering a fragile peace accord that ended two years of fighting.

UPDATE 6-Oil below $33 on Saudi comments, report of U.S. inventory rise

* API says U.S. crude stocks rise; EIA report due (Previous SINGAPORE, updates prices, adds quotes)

Reuters Business News Schedule at 0930 GMT/0430 AM ET

LONDON - Shares fall in Europe and Asia as oil prices dipa fter Saudi Arabia effectively rules out output cuts by major producers, lifting investor appetite for low-risk assets such as the Japanese yen and gold.

UPDATE 1-Spain's Iberdrola targets 6 percent growth in core earnings

* Will focus investment on US and UK in its new five year plan

UPDATE 1-Iraq says OPEC, other oil producers should act quickly to rebalance market

ABU DHABI, Feb 24 (Reuters) - OPEC and non-OPEC producers should act quickly to rebalance the global oil market, otherwise they risk deep damage that could take a long time to fix, a senior Iraqi oil official said on Wednesday.

UPDATE 1-Petrofac reports record order book on Middle-East demand

Feb 24 (Reuters) - British oilfield services company Petrofac Ltd said its full-year revenue grew 10 percent and that its order book stood at record levels at the end of the year, sending shares up more than 12 percent on Wednesday morning.

Weir Group's full-year pretax profit nearly halves as oil prices fall

Feb 24 (Reuters) - Scottish engineering firm Weir Group Plc said its pretax profit for the year nearly halved, as its customers continued to delay spending in order to weather the slump in oil prices.

BHP's boss faces $11 billion dilemma as prices languish

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