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Oil prices edge up amid ongoing commodity downturn

SINGAPORE, Dec 9 (Reuters) - Crude prices found at least temporary support early on Wednesday after the dollar weakened and China's commodity imports came out surprisingly strong, but oversupply means prices are expected to remain low for some time.

UPDATE 5-CP says willing to take Norfolk bid to shareholders

CHICAGO/MONTREAL/BOSTON, Dec 8 (Reuters) - Executives of Canadian Pacific Railway touted the benefits of the firm's proposed bid for U.S. railroad Norfolk Southern Corp during a call Tuesday with analysts, but made it clear they would court activist investors and shareholders to fight a proxy battle to complete the deal.

Jacobs Engineering wins FEED contract in Ruwais Refinery, UAE

Abu Dhabi Oil Refining Company (Takreer) has awarded a contract to Jacobs Engineering Group to support the development of waste heat recovery project at the general utilities plant (GUP) at Ruwais refinery.

Shell makes final investment decision to upgrade Pernis refinery in Netherlands

Shell has reached a final investment decision to build solvent deasphalter (SDA) unit at the Pernis refinery located in Rotterdam, the Netherlands.

UPDATE 1-Brazil's Congress names impeachment panel stacked against Rousseff

* Veteran lawmaker in graft probe reportedly opts for plea (Add comments by lawmaker and analyst, political context)

UPDATE 1-Mexico's Pemex says two oil discoveries to add 40,000 bpd

MEXICO CITY, Dec 8 (Reuters) - Mexico's state-owned oil company, Pemex, has discovered two shallow-water oil deposits that will eventually produce 40,000 barrels a day, the company's top executive said on Tuesday.

UPDATE 1-Pipeline giant Kinder Morgan slashes dividend 75 percent

HOUSTON, Dec 8 (Reuters) - Kinder Morgan Inc slashed its dividend 75 percent on Tuesday, marking the first time the U.S.

Oil's plunge hammers U.S. funds, humbles even savviest investors

Dec 8 (Reuters) - The plunging price of crude oil is causing pain at every kind of U.S. mutual fund this year, humbling even the industry's best portfolio managers as their mistimed bets in the energy sector continue to cause losses for investors.

Brazil alternative energy projects threatened by Abengoa's woes

SAO PAULO, Dec 8 (Reuters) - Spanish conglomerate Abengoa , teetering on the verge of bankruptcy, has halted construction of power transmission lines in Brazil, a potential setback for the South America nation's bid to emerge from its worst energy crisis in 14 years.

US STOCKS SNAPSHOT-Wall St ends down after energy decline, China concerns

NEW YORK, Dec 8 (Reuters) - U.S. stocks closed lower in a choppy trading session on Tuesday as oil prices pressured energy stocks for a fifth day and weak Chinese trade data reignited fears of a global economic slowdown, pushing down materials stocks.

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