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UPDATE 1-Cash flows from Canada oil sands to fall by $23 bln in 2 yrs -consultancy

CALGARY, Alberta, Feb 24 (Reuters) - Cash flows from the Canadian oil sands will fall by $23 billion and turn negative in the next two years, energy consultancy Wood Mackenzie said in a report on Tuesday, as low crude prices make it less economical to extract tar-like bitumen from the sands.

Oil market is stabilising, $60 is OK for now - Gulf OPEC delegate

RIYADH, Feb 24 (Reuters) - Oil prices have started to stabilise around current levels of $60 a barrel and demand is showing signs of improving in Asia and other regions, a senior Gulf OPEC delegate said on Tuesday.

UPDATE 2-Union chief says U.S. refinery strike could spread

HOUSTON, Feb 24 (Reuters) - The largest U.S.

CORRECTED-(OFFICIAL)-Canada's oil sands cash flows to fall by $23 bln in 2 years - consultancy

CALGARY, Alberta, Feb 24 (Reuters) - Oil sands cash flows will fall by $23 billion in the next two years, energy consultancy Wood Mackenzie said in a report on Tuesday, as low global petroleum prices make it less economical to extract bitumen from northern Alberta.

Obama to veto Keystone XL pipeline bill Tuesday -White House

WASHINGTON, Feb 24 (Reuters) - U.S. President Barack Obama will veto on Tuesday a bill that would have allowed Congress to approve the Keystone XL oil pipeline from Canada, White House spokesman Josh Earnest said.

UPDATE 1-France and Italy call for accord among Libyan factions

PARIS, Feb 24 (Reuters) - Italy and France called on Tuesday for an accord among warring factions in Libya and said the world could not ignore near-anarchy there which was undermining regional security and feeding a growing migrant crisis.

UPDATE 1-Saras leaves door open for dividend as low oil prices boost margins

MILAN, Feb 24 (Reuters) - Italian refiner Saras is not ruling out a dividend on 2015 results after lower oil prices helped to boost its fourth quarter earnings and turn it cash positive.

Pipeline politics: new gas route revives Russian rivalry with West

BUDAPEST/PRAGUE, Feb 24 (Reuters) - Thwarted in one attempt to build a gas pipeline to southeast Europe, the Kremlin is working with a small circle of allies to lay the groundwork for an alternative that would help it maintain leverage in its rivalry with the West.

Sudan police teargas protesters in Khartoum

KHARTOUM, Feb 24 (Reuters) - Police in Sudan fired tear gas and baton-charged on Tuesday to break up a rally in the capital held to protest against the death of a woman who had earlier demonstrated against government land policies, witnesses said.

Former Petrobras executive charged with taking bribes

BRASILIA, Feb 24 (Reuters) - Prosecutors on Tuesday accused a former senior Petrobras executive of racketeering, bribery and money laundering through Switzerland and Uruguay in a widening kickback scandal that has engulfed Brazil's state-run oil company.

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