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China overcapacity problems worsen over 2008-2015 -EU chamber

BEIJING, Feb 22 (Reuters) - Industrial overcapacity in China has got much worse since 2009, with Beijing struggling to implement reforms and overcome the resistance of growth-obsessed local governments, a European business lobby said on Monday.

RPT-COLUMN-Oil's slump is scattering the workforce and supply chain: Kemp

LONDON, Feb 19 (Reuters) - The U.S. oil and gas industry has lost around 100,000 jobs over the last 16 months, according to the U.S. Bureau of Labor Statistics (http://tmsnrt.rs/212GuVD).

Oil prices stay weak on ongoing overproduction, brimming crude stocks

SINGAPORE, Feb 22 (Reuters) - Oil prices clung to steep losses in early Asian trading on Monday as production outpaces demand and U.S. crude stocks swelled to record levels.

Rosneft to acquire additional stake in Petromonagas joint venture in Venezuela

Russian state oil company Rosneft has signed an agreement to acquire 23.3% stake in the Petromonagas crude-processing joint venture in Venezuela's Orinoco Belt region from country’s state oil firm Petroleos de Venezuela (PDVSA), for $500m.

Prezioso selected to provide maintenance services for Norwegian processing plants

Prezioso Linjebygg has received a NOK1.1bn ($128bn) contract from Statoil to provide insulation, scaffolding and surface treatment (ISO) maintenance services for the Sture and Kollnes processing facilities in Norway.

Average U.S. gas prices fell a nickel in two weeks - Lundberg

NEW YORK, Feb 21 (Reuters) - The average price of a gallon of gasoline in the United States fell 5 cents in the past two weeks to its lowest level in more than seven years, according to a survey released on Sunday.

Australia shares set for quiet start, NZ stocks subdued

SYDNEY, Feb 22 (Reuters) - Australian shares are set for a quiet start on Monday, tracking a flat session on Wall Street, but natural resources stocks could receive a boost from a rise in metal prices. Global miner BHP Billiton is expected to open around 1 percent higher after a gain in its U.S. ADRs. Local share price index futures, at 4,919, were unchanged from the close of the underlying S&P/ASX 200 index on Friday.

UPDATE 1-Missing radioactive material found dumped in south Iraq

BAGHDAD, Feb 21 (Reuters) - A "highly dangerous" radioactive material that went missing in Iraq has been found dumped near a petrol station in the southern town of Zubair, environment ministry spokesman Ameer Ali said on Sunday.

RPT-Saudi oil minister to face rival U.S. producers as price rout bites

HOUSTON, Feb 21 (Reuters) - This week, Saudi Oil Minister Ali Al-Naimi will for the first time face the victims of his decision to keep oil pumps flowing despite a global glut: U.S. shale oil producers struggling to survive the worst price crash in years.

INSIGHT-Iraq's Abadi keeps Iran at arm's length in war on Islamic State

* Abadi puts internal reconciliation, detente with Saudi on agenda

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