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BUZZ-Tullow Oil: Nomura cuts PT, remains bearish

** Tullow Oil down c.4 pct, one of the top FTSE midcap losers after Nomura cuts PT to 150p from 185p; reiterates "reduce" rating

UPDATE 2-BP reports worst annual loss in over 20 years, cuts more jobs

* BP reports 2015 loss of $6.5 bln, to cut 3,000 more jobs (Updates throughout, adds shares)

Russia proposes raising state firms' dividend payout ratio to 50 pct

MOSCOW, Feb 2 (Reuters) - Russia's budget may get an extra 110 billion roubles ($1.41 billion) in dividends from state companies this year if the payout ratio is raised to 50 percent of profits, Olga Dergunova, the head of Russia's state property agency, said on Tuesday.

NWR unit wants to lay off half of employees over two years-Czech TV

PRAGUE, Feb 2 (Reuters) - Czech hard coal miner New World Resources' (NWR) OKD unit wants to lay off half of its employees within two years as part of a restructuring, Czech Television reported on Tuesday, citing Chief Executive Dale Ekmark.

UPDATE 1-Azeri central bank revokes licence from Texnikabank

BAKU, Feb 2 (Reuters) - Azerbaijan's central bank said on Tuesday it had revoked the banking licence of Texnikabank, one of the oil-rich nation's 10 largest lenders by assets, and imposed temporary administration.

A new global oil deal could draw lessons from 1998

LONDON, Feb 2 (Reuters) - After a year of secret diplomacy and hushed-up private talks around the world, OPEC's mighty Saudi Arabia and rival Venezuela were persuaded to cut a deal by non-OPEC Mexico which overcame mutual acrimony and led to a much-needed rise in oil prices.

The world is flat ... at least for global ethylene producers while oil prices are low

On Jan. 20, WTI and Dated Brent closed at $26.54/b and 25.96/b, respectively, the lowest prices seen since 2003. Since then we have seen prices rise and hover around the $30/b level.

Electricity generation from renewable sources expected to grow 9% this year

(Tue, 02 Feb 2016) Electricity generated from utility-scale renewable plants is expected to grow by 9% in 2016, based on projections in the latest Short-Term Energy Outlook. Much of the growth comes from new installations of wind and solar plants and increases in hydroelectric generation after a relatively dry 2015.

Cruz's Iowa victory could be big blow to Big Corn

NEW YORK, Feb 1 (Reuters) - U.S. Republican presidential candidate Ted Cruz's victory on Monday in corn-rich Iowa could represent a major blow to the nation's controversial biofuels program, reflecting its waning influence over politicians even in the U.S. farm heartland.

COLUMN-U.S. economy slows sharply as oil and gas slump deepens: Kemp

LONDON, Feb 1 (Reuters) - The U.S. economy eked out anaemic growth in the final three months of 2015, and the struggling performance of the oil and gas sector was a major contributor to the slowdown.

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