Energy Update

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NEW YORK, Feb 2 (Reuters) - A U.S. judge ordered Petrobras , the state-run Brazilian oil company, to face class-action litigation by investors seeking to recoup billions of dollars in losses stemming from a bribery and political kickback scandal.

WASHINGTON, Feb 2 (Reuters) - The International Monetary Fund said on Tuesday it stands ready to help sub-Saharan Africa's oil exporters cope with plunging crude prices and growing fiscal pressures but has not received any new funding requests from the region.

NEW YORK, Feb 2 (Reuters) - A U.S. judge on Tuesday cleared the way for investors to sue Brazil's state-run oil company Petrobras as a group in litigation over billions of dollars in losses stemming from a bribery and political kickback scandal.

* U.S. Treasury yields fall to 9-month lows (Updates with close of U.S.

Rentricity Inc. reports it has begun work on installation of its first micro-hydro in-pipe projects, in Colorado and Utah.

NEW YORK, Feb 2 (Reuters) - U.S. stocks dropped on Tuesday after a disappointing spending forecast from Exxon Mobil and another steep drop in oil prices.

MILAN, Feb 2 (Reuters) - Italian oil services group Saipem said on Tuesday it would appeal an Algerian court ruling ordering one of its units to pay a 34,000 euro ($37,104) fine for allegedly inflating prices on contracts to build a gas pipeline.

ERBIL, Iraq, Feb 2 (Reuters) - Iraq's autonomous Kurdistan region should hold a non-binding referendum on independence, its president said on Tuesday, despite the numerous crises it is facing.

* Hinkley power price now nearly 3 times market rate (Adds detail on timing and power price)

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