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BRASILIA, May 7 (Reuters) - Brazil urged Venezuela's government on Thursday to set a date for a parliamentary election as soon as possible, stepping up pressure on its leftist ally and neighbor to resolve a simmering political crisis.

While BSEE officials stressed a learning curve and need to be honest about shortcomings in audits, industry insiders expressed some hesitation about the audits and how the findings could be shared.

HOUSTON/NEW YORK May 7 (Reuters) - SandRidge Energy Inc is the target of a federal grand jury probe concerning violations of antitrust law related to the leasing of oil and gas properties, the company said in a regulatory filing on Thursday.

SAN FRANCISCO, May 7 (Reuters) - Wholesale gasoline differentials in the Los Angeles market lost some of the ground they had gained over the last two days on Thursday as sellers were willing to deal at lower prices.

CALGARY, Alberta, May 7 (Reuters) - Alberta's new left-leaning government, which sensationally ended the Conservative party's 44-year run in Canada's energy heartland this week, is undertaking a crash course that could be called: "Ruling for Rookies."

May 7 (Reuters) - Mervyn Davies, Britain's former trade minister, will be named deputy chairman of Russian tycoon Mikhail Fridman's LetterOne Group on Friday, Sky News reported on Thursday, citing a source.

BUENOS AIRES, May 7 (Reuters) - Argentina's state energy company YPF posted better than expected first-quarter profit on Thursday but earnings were still down 24.3 percent on the year due to the global slide in oil prices.

-- Note: Reuters has not verified this story and does not vouch for its accuracy

WASHINGTON, May 7 (Reuters) - The U.S. Senate will begin debate next week on legislation granting President Barack Obama "fast-track" negotiating authority key to completing a sweeping Pacific trade pact, Senate Majority Leader Mitch McConnell said on Thursday.

WASHINGTON, May 7 (Reuters) - American forces are trying to relieve pressure on Iraqi forces at the geographically important Baiji oil refinery, hitting militants with 26 air strikes since Tuesday and helping drop 18 pallets of supplies, the top U.S.

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