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UPDATE 1-Marathon Oil slashes capex 50 percent, posts quarterly loss

Feb 17 (Reuters) - Marathon Oil Corp, a U.S.

North Dakota has 'big concern' with hedge funds buying oil assets

Feb 17 (Reuters) - North Dakota's energy regulator said on Wednesday he is worried about hedge funds and other investment groups buying oil assets in the state and conducts background checks on potential acquirers.

Venezuela says implementing 'new scheme' for fuel prices

CARACAS, Feb 17 (Reuters) - Venezuelan President Nicolas Maduro on Wednesday said his government is implementing a set of economic measures that include a "new scheme for prices" of the country's heavily subsidized fuel, without immediately providing details.

Output freeze first step in creating wider oil deal- Venezuela

CARACAS, Feb 17 (Reuters) - An agreement with Saudi Arabia, Russia, and Qatar to freeze oil output levels is the first step in creating a wider oil deal, Venezuela's President Nicolas Maduro said on Wednesday.

IAEA says Iraq informed it of theft of radiography device

BAGHDAD, Feb 18 (Reuters) - The International Atomic Energy Agency (IAEA) said on Wednesday that Iraq informed it of the theft of an industrial radiography device in the southern city of al-Zubair in November 2015.

UPDATE 2-North Dakota oil output down nearly 3 percent on low prices

Feb 17 (Reuters) - North Dakota's oil output fell nearly 3.0 percent in December, the first drop in three months and a sign producers have finally begun to curb output in the wake of a more-than 70 percent plunge in crude prices.

CORRECTED-EU car industry seeks climate friendly driving, not more targets

* Environmental campaigners say 'integrated approach' not enough

When is Energy Storage Eligible for the 30 Percent ITC?

Near the end of 2015, the IRS quietly updated a little known rule on storage eligibility for the 30 percent Investment Tax Credit (ITC). The timing seemed odd, with the ITC about to expire, but the IRS must have been privy to what congress was about to do, in passing the Christmas Miracle of a five-year ITC extension at 30 percent.



Energy infrastructure companies, MLPs rally after new investments

NEW YORK, Feb 17 (Reuters) - Shares of energy infrastructure-related companies rallied on Wednesday following news of Warren Buffett's sizable position in Kinder Morgan and other new investments in the downtrodden sector.

UPDATE 1-S&P cuts Saudi Arabia, Brazil, Oman, Kazakhstan, Bahrain, spares Russia

LONDON, Feb 17 (Reuters) - Rating agency Standard & Poor's downgraded Saudi Arabia, Brazil Kazakhstan, Bahrain and Oman's credit ratings on Wednesday, in its second mass cut of large oil producers in almost exactly a year.

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