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Venezuela files for annulment of Exxon award at World Bank tribunal

CARACAS, Feb 25 (Reuters) - Venezuela has requested the annulment of a World Bank tribunal award that orders it pay Exxon Mobil Corp $1.6 billion in compensation for nationalizations, both sides said on Wednesday.

North Dakota senator to push again for clean coal legislation

WILLISTON, N.D., Feb 25 (Reuters) - Senator Heidi Heitkamp of North Dakota will re-introduce legislation on Thursday designed to encourage the development of clean coal technologies that could keep the fuel a key source of American power generation.

RPT-UPDATE 10-Brent crude up 5 pct as Saudi sees improved demand for oil

NEW YORK, Feb 25 (Reuters) - Brent crude oil futures surged 5 percent on Wednesday, after Saudi Arabia's oil minister said oil demand was growing and data showed Chinese factories were producing more than expected.

U.S. refinery strike continues with no steps toward settlement

HOUSTON, Feb 25 (Reuters) - The largest U.S. refinery strike since 1980 continued through its 25th day on Wednesday with no movement toward renewed talks to end a walkout by 6,550 union workers at 15 plants, including 12 refineries accounting for one-fifth of domestic capacity.

U.S. Senate committee postpones hearing on trade

WASHINGTON, Feb 25 (Reuters) - A key U.S. Senate committee postponed a hearing planned for Thursday on trade and its chairman said talks were continuing on the final form of a bill to streamline the passage of trade deals through Congress.

UPDATE 2-Brazil sees no need to capitalize Petrobras -sources

BRASILIA, Feb 25 (Reuters) - Brazil has no plans to pump new capital into Petrobras, even after a debt-rating downgrade by Moody's Investors Service threatens to limit the cash-strapped oil company's access to finance and raise its borrowing costs, two government officials told Reuters on Wednesday.

RPT-Rio Tinto CEO sees no chance of a Glencore merger

MELBOURNE, Feb 25 (Reuters) - Global miner Rio Tinto will not be taken over by rival Glencore because there is no value in it for shareholders and regulators will never let it happen, Rio Tinto chief executive Sam Walsh said.

US ethanol producers cast a wider net for profits through exports

After the US National Ethanol Conference, the industry sets its eye on exporting and timing production maintenance to make some use of thin margins.

Light Houston Sweet differential weakens with LLS

This analysis, updated weekly, includes stories evaluating the Light Houston Sweet crude oil market and the factors contributing to its price movements.

Petrobras scandal about to hit Brazil's political class

BRASILIA, Feb 25 (Reuters) - Brazil's top prosecutor is expected to file charges in coming days against politicians implicated in the Petrobras corruption scandal, a political bombshell that could involve members of Congress and President Dilma Rousseff's government.

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