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Sete Brasil shareholders may file for bankruptcy -sources

SAO PAULO, Feb 19 (Reuters) - Shareholders of Sete Brasil Participações SA may file for bankruptcy protection if Brazilian state-controlled oil producer Petróleo Brasileiro SA, the rig builder's sole client, fails to present a final long-term lease contract in a week's time, two sources with direct knowledge of the matter said on Friday.

Doha oil group to monitor market to June, new measures possible - Venezuela

CARACAS, Feb 19 (Reuters) - Saudi Arabia, Russia, Qatar and Venezuela will monitor the oil market through to June following this week's agreement to freeze production and potentially take additional measures to rescue prices, the South American country's oil minister said on Friday afternoon. (Reporting by Alexandra Ulmer; Editing by Marguerita Choy)

UPDATE 1-S&P warns it may cut Icahn Enterprises to junk status, stock falls

BOSTON, Feb 19 (Reuters) - U.S. ratings agency Standard & Poor's warned on Friday it may cut the credit rating of billionaire investor Carl Icahn's Icahn Enterprises to junk status after the portfolio absorbed heavy commodity sector losses in the last few months.

LNG to the rescue - but does the EU need saving?

Platts editors discuss the European Commission's new EU gas supply security package in the light of flat gas demand, well supplied markets and continued tense relations with Russia.

INVESTMENT FOCUS-Another Argentina? Sovereign defaults could get messy

LONDON, Feb 19 (Reuters) - Argentina may be on the home straight of the marathon legal battle over the restructuring of its debts, but investors need to be wary that there are plenty of other strained countries that litigation-loving funds can swoop on if they want.

S&P warns it may cut Icahn Enterprises to junk status

BOSTON, Feb 19 (Reuters) - U.S. ratings agency Standard & Poor's warned on Friday it may cut the credit rating of billionaire investor Carl Icahn's Icahn Enterprises to junk status because the portfolio had suffered heavy losses in the last few months.

UPDATE 6-U.S. strikes Islamic State in Libya, killing 40 people

* Second US air strike in three months against IS in Libya (Adds White House comment, U.S. congressman statement, U.N. quote)

U.S. oil drillers cut rigs to least since Dec 2009 -Baker Hughes

Feb 19 (Reuters) - The number of oil rigs in the United fell for a ninth straight week to the lowest level since December 2009, data showed on Friday, as energy firms continued to cut spending amid the collapse in crude prices. Drillers cut 26 rigs in the week ended Feb. 19, bringing the total rig oil count to 413, oil services company Baker Hughes Inc said in its closely followed report.

Brazil orders release of senator in corruption probe

BRASILIA, Feb 19 (Reuters) - Brazil Supreme Court Judge Teori Zavascki on Friday ordered the release of ruling party Senator Delcidio do Amaral, who has been jailed since November and faces charges of obstructing a massive corruption investigation, a court representative said.

UPDATE 1-IMF's Lagarde says G20 should focus on policy spillovers

WASHINGTON, Feb 19 (Reuters) - IMF Managing Director Christine Lagarde said on Friday that G20 finance ministers and central bank governors should focus on global economic spillovers from their policy decisions when they meet in Shanghai next week.

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