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ConocoPhillips posts bigger loss, slashes dividend

Feb 4 (Reuters) - ConocoPhillips reported a much bigger quarterly loss, hurt by impairment charges, and slashed its dividend as the relentless fall in crude oil prices takes a toll on the largest U.S. independent oil and gas company.

UPDATE 5-Oil slips below $35 on glut, scepticism over talk of producer meet

* OPEC's Venezuela lobbies for producer meeting to cut output

RPT-Oil bears closing of $600 mln triple-short fund bet seen adding to tumult

HOUSTON, Feb 4 (Reuters) - This week's roller-coaster ride in the global crude oil market was likely fueled in part by the sudden liquidation of a $600 million leveraged fund bet on falling prices, market sources said on Wednesday.

UPDATE 3-Statoil cuts spending, to offer share option on dividends

OSLO/LONDON, Feb 4 (Reuters) - Norway's Statoil pledged on Thursday to keep cutting capital spending as oil prices fall, after reporting better than expected fourth-quarter results, and said it would give shareholders the option to take their dividends in shares instead of cash.

MIDEAST STOCKS-Saudi, Egypt up in early trade as oil rises

DUBAI, Feb 4 (Reuters) - Stock markets in Saudi Arabia and Egypt rose in early trade on Thursday as a second day of rising oil prices helped to revive risk appetite.

Poland scraps $3 bn Airbus heli deal, launches Lockheed talks:report

WARSAW, Feb 4 (Reuters) - Poland has decided to scrap the $3 billion deal for 50 Airbus utility helicopters and will buy only a few aircraft from the European company, the daily Rzeczpospolita reported on Thursday citing defence sources.

BUZZ-UK miners: boosted by stronger copper

** Mining stocks among top risers on the FTSE, with BHP and Anglo American gaining 4 pct and 8 pct respectively

UPDATE 2-ING beats earnings forecast, plays down oil exposure

AMSTERDAM, Feb 4 (Reuters) - ING, the Netherlands' largest bank, reported better than expected fourth-quarter earnings on Thursday and sought to calm worries about its exposure to oil industry lending that led to a 20 percent fall its share price in January.<

UPDATE 1-Statkraft suspends Turkey hydropower project over security worries

OSLO, Feb 4 (Reuters) - Statkraft, Europe's largest producer of hydropower, is suspending the development of a hydropower project in Turkey due to security concerns, it said on Thursday.

INSIGHT-Airline battle brews in Gulf as Iran eyes regional hub role

PARIS/DUBAI, Feb 4 (Reuters) - An economic battle is likely for dominance of the skies over the Gulf after Iran decided to invest $27 billion in an airline fleet capable of taking on the region's supercarriers.

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