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Japan may not load March Iran oil as insurance to expire -sources

TOKYO, Feb 23 (Reuters) - Japan will likely refrain from loading oil at Iranian ports in March because of the impending expiry at the end of next month of special shipping insurance cover provided by the government, industry and government officials said.

UK's Drax says may mothball coal plant amid weak energy markets

LONDON, Feb 23 (Reuters) - British power producer Drax may decide to mothball its coal-fired power generation units, the company said on Tuesday, as part of a strategy review triggered by competition from cheap gas and renewables.

Wood Group hikes dividend as cost-cutting helps co survive oil slump

Feb 23 (Reuters) - Oilfield services provider John Wood Group Plc increased its full-year dividend by 10 percent as its aggressive cost-cutting actions helped it conserve cash.

British bosses say exit from EU would hit economy and jobs

LONDON, Feb 23 (Reuters) - The bosses of a third of Britain's biggest companies warned on Tuesday that an exit from the European Union would put the economy at risk and threaten jobs.

Bouygues boss weighs up deal on sale of cherished telecoms arm

PARIS, Feb 23 (Reuters) - Martin Bouygues, asked once whether he would sell the loss-making French mobile phone business that has been his main contribution to the family empire, snapped: "And you, would you sell your wife?"

UPDATE 2-Noble Group flags first loss in two decades, blames coal price slide

* Expects $1.2 bln impairments in Q4, hit by coal price tumble

The Disunited Kingdom and what it could mean for commodities

The UK referendum on continued membership of the European Union may have some significant and unexpected consequences for the British economy and the goods it creates, including metal products.

Motor gasoline consumption expected to remain below 2007 peak despite increase in travel

(Tue, 23 Feb 2016) Based on estimates in the most recent <em>Short-Term Energy Outlook</em> (STEO), vehicle travel in the United States in 2015 was almost 4% above its 2007 level, but motor gasoline consumption has not exceeded its previous peak in 2007. Improvements in light-duty vehicle fuel economy are largely responsible for this outcome.

UPDATE 1-Oil prices fall as global glut offsets prospect of lower US output

* Iran crude supply growth to offset drop in U.S. output -ANZ (Adds comment, updates prices)

Nepal ends fuel rationing after supply from India improves

KATHMANDU, Feb 23 (Reuters) - Nepal ended months-long fuel rationing after supply from India improved, following the end of a border blockade by ethnic protesters against a new constitution, an official said on Tuesday.

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