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CERAWEEK-Occidental CEO warns of looming issues from midstream debt

HOUSTON, Feb 22 (Reuters) - Oil and gas pipeline and processing companies that borrowed vast amounts to grow when crude oil prices were much higher and U.S.

As U.S. crude rallies, investors jump on bearish options bets

NEW YORK, Feb 22 (Reuters) - Despite a rally on Monday, bears are still in the driver's seat of the U.S. crude oil market, options data showed, leaving the market vulnerable to another leg down.

CERAWEEK-Mexico to accelerate fuel imports, sets date for key oil tender

NEW YORK, Feb 22 (Reuters) - Mexico will speed up the opening of its retail fuel sector by allowing private firms to import gasoline and diesel some eight months earlier than previously scheduled, President Enrique Pena Nieto told a global gathering of energy officials on Monday.

Diesel dogfight: Huge China exports dent Asia margins

SINGAPORE, Feb 23 (Reuters) - China's emergence as a major oil product exporter is depressing oil refining margins across Asia as favourable domestic fuel policies encourage Chinese refiners to keep output high and flood regional markets with surplus supplies.

UPDATE 1-Brazil court freezes $130 million of Samarco assets

RIO DE JANEIRO, Feb 22 (Reuters) - A Brazilian judge blocked 500 million reais ($127 million) of assets of Samarco, a joint venture between Vale SA and BHP Billiton, to guarantee the clean up and repair of a town hit by a deadly flood caused by a burst tailings dam in November, local prosecutors said on Monday.

UPDATE 2-OPEC sees further action if output 'freeze' deal holds

* U.S. shale to cap oil price recovery (Updates throughout)

Brazil court freezes $130 million of Samarco assets

RIO DE JANEIRO, Feb 22 (Reuters) - A Brazilian judge blocked 500 million reais ($127 million) of assets of Samarco, a joint venture between Vale SA and BHP Billiton, to guarantee the clean up and repair of a town hit by a deadly flood caused by a burst tailings dam in November, local prosecutors said on Monday.

UPDATE 1-BHP Billiton slashes dividend, drops payout pledge

* Sees prolonged period of weak commodity prices (Adds CEO, analyst quotes, details)

CANADA STOCKS-TSX rises, led by energy stocks as oil rallies

TORONTO, Feb 22 (Reuters) - Canada's main stock index rose on Monday as energy shares rallied on a jump in oil prices, although gains were pared as the healthcare sector slumped and bank stocks reversed course ahead of quarterly earnings this week.

BHP Billiton slashes dividend, drops payout pledge

SYDNEY, Feb 23 (Reuters) - Top global miner BHP Billiton slashed its interim dividend by 75 percent on Tuesday, cutting it for the first time since 1988 following a collapse in prices for oil, iron ore, coal and other raw materials.

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