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Metallurgical coal markets remain China-centric

Seaborne metallurgical coal producers have a love-hate relationship with China. The world's largest steelmaking country has shown an ability to absorb excess supply of seaborne coking coal, but only at a price that is competitive with its own substantial domestic production.

Australia shares edge up, buoyed by BHP and QBE

SYDNEY/WELLINGTON, Feb 24 (Reuters) - Australian shares edged up on Tuesday, recouping earlier losses as investors shrugged off a decline in earnings from some resources and financial firms.

UPDATE 1-No talks expected this week in U.S. refinery strike -sources

HOUSTON, Feb 23 (Reuters) - Talks to end the largest U.S.

UPDATE 1-Tesoro resumes work at Martinez, California facility

Feb 23 (Reuters) - Tesoro Corp said it resumed work at its 166,000-barrel-per-day refinery in Martinez, California. The facility is currently idle and operating as a terminal for customer supplies.

Banco do Brasil looks most exposed to Petrobras probe, UBS says

SAO PAULO, Feb 23 (Reuters) - Fallout from a corruption scandal at Brazil's state-controlled oil producer could hurt Banco do Brasil SA more than any other large bank, though quantifying damage from potential loan losses is difficult, UBS Securities said on Monday.

RPT-UPDATE 2-BHP Billiton profit slides on commodities slump, pledges more spending cuts

* BHP makes no promises on timing for capital return (Repeats to remove extraneous material, with no change to text)

CORRECTED-UPDATE 12-Oil falls 2 pct on glut worries; heating oil up on tight supply

* Worries about slowing rig count fall, refinery woes hit crude

Neste Oil plans to upgrade two finish refineries

Neste Oil is planning to integrate two refineries in Finland, with an investment of €250m, in order to cut down costs as well as its reliance on feedstock from Russia.

RPT-UPDATE 3-Canada retailers, ports fear impact as CN Rail lockout nears

TORONTO, Feb 23 (Reuters) - A looming lockout at Canada's biggest railway threatens to delay imports from Asia and may compound a U.S.

No talks expected this week in U.S. refinery strike -sources

HOUSTON, Feb 23 (Reuters) - Talks to end the largest U.S. refinery strike in 35 years are not expected to resume this week, sources familiar with the negotiations said on Monday after the number of plants hit by walkouts increased over the weekend.

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