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UPDATE 2-Cenovus Energy again cuts dividend, 2016 budget and jobs

* Says plans to further reduce its workforce (Adds details on outlook, background, shares)

UPDATE 1-Precision Drilling suspends dividend, raises 2016 capex budget

Feb 11 (Reuters) - Canadian rig contractor Precision Drilling Corp suspended its dividend payments as demand for its onshore rigs weakened due to a slump in oil prices.

Rig contractor Precision Drilling suspends dividend

Feb 11 (Reuters) - Canadian rig contractor Precision Drilling Corp suspended its dividend payments as the company looks to boost its finances to cope with a 70 percent fall in oil prices, which has hurt demand for its onshore rigs.

Cenovus Energy reports bigger loss; cuts dividend

Feb 11 (Reuters) - Canadian oil producer Cenovus Energy Inc reported a bigger quarterly loss and also cut its dividend and 2016 capital spending budget amid a prolonged slump in oil prices.

US refiners face soaring stocks as gasoline grades switch

US gasoline stocks have reached record highs in 2016, while prices have flirted with unprecedented lows. What could happen as the market shifts to summer-grade gasoline?

CORRECTED-UPDATE 1-Record production, high refining margins curb Total profit fall

PARIS/LONDON, Feb 11 (Reuters) - Record upstream production and high refining margins in Europe helped Total report better-than-expected fourth-quarter net profit but the company said it planned to cut costs and reduce spending further due to prolonged low oil prices.

UPDATE 2-Rio Tinto ditches boom time payout policy as profit plunges

* Aims to cut $2 bln in costs over two years (Adds analyst comments)

RPT-Crowded insurance industry becomes latest casualty of oil slump

* Insurance drew new investors due to ultra-low interest rates

UPDATE 2-Bilfinger beats fourth quarter forecasts as it mulls break-up

* Shares indicated up 1 pct, outperforming lower market (Adds share indication, analyst comment, details on activist investor)

UPDATE 1-Glencore steps up debt-reduction plan, reports drop in copper output

LONDON, Feb 11 (Reuters) - Glencore has taken another step to reduce its debt by selling $500 million of future precious metals output and reported a drop in production of its most lucrative product, copper.

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