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China's teapots eat into crude glut, but build Asian fuel surplus

SINGAPORE/BEIJING, Feb 5 (Reuters) - Newly licensed Chinese oil importers are taking advantage of low crude prices and healthy domestic product margins, snapping up hundreds of thousands of barrels a day of a global surplus but also adding to China's swelling fuel exports.

UPDATE 2-Crude oil prices steady in thin Asian trading ahead of Lunar New Year

SINGAPORE, Feb 5 (Reuters) - Crude oil futures held steady in lacklustre trading on Friday as Asian liquidity faded ahead of the Lunar New Year holiday across large parts of the region.

Energy firm Abengoa says to miss interest payments in Mexico

MEXICO CITY, Feb 4 (Reuters) - The Mexican unit of Abengoa, a troubled Spanish renewable energy firm, on Thursday said it would not make its interest payment on two short-term bond issues in the local market.

U.S. crude prices steady in thin Asian trading ahead of Lunar New Year

SINGAPORE, Feb 5 (Reuters) - U.S.

UPDATE 1-Canada to move cautiously on lifting Iran sanctions - Trudeau

CALGARY, Alberta, Feb 4 (Reuters) - Canada will not rush to lift sanctions against Iran, despite calls to scrap the measures quickly so Canadian companies can compete for contracts, Prime Minister Justin Trudeau said on Thursday.

UPDATE 2-IMF chief: China can avoid 'hard landing' but spillovers seen

WASHINGTON, Feb 4 (Reuters) - China can avoid a "hard landing" if Beijing pursues reforms to state enterprises and sticks to a more market-driven and well-communicated exchange rate policy, International Monetary Fund Managing Director Christine Lagarde said on Thursday.

U.S. House Republicans vow to kill Obama oil tax idea

WASHINGTON, Feb 4 (Reuters) - Republicans in the U.S.

UPDATE 1-U.S. Defense chief welcomes Saudi offer on troops in Syria

NELLIS AIR FORCE BASE, Nev., Feb 4 (Reuters) - U.S. Defense Secretary Ash Carter welcomed on Thursday a Saudi offer to participate in any ground operations in Syria launched by the U.S.-led coalition.

Canada will move cautiously on lifting Iran sanctions -Trudeau

CALGARY, Alberta, Feb 4 (Reuters) - Canada will not rush to lift sanctions against Iran, despite calls to scrap the measures quickly so Canadian companies can compete for contracts, Prime Minister Justin Trudeau said on Thursday.

UPDATE 2-Obama to seek new tax on oil in budget proposal

WASHINGTON, Feb 4 (Reuters) - U.S. President Barack Obama will propose a $10-a-barrel fee on oil in his budget plan next week, as the White House seeks to boost the nation's investments in clean transportation projects, the White House said on Thursday.

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