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  • RABAT, Jan 11- Libya's National Oil Corporation has emptied oil storage tanks in Ras Lanuf as a precaution after the Islamic State group attacked Libya's two biggest oil ports last week, an official from the company said on Monday.

  • *China's oil demand seen slowing after years of record growth. SINGAPORE, Jan 11- Brent crude oil fell over 3 percent on Monday as China's economic slowdown dented the outlook for demand, with traders placing record bets on even lower prices as they increasingly lose faith in a significant market recovery. Analysts pointed to China's slowdown, which saw a slide in...

  • *China's oil demand seen slowing after years of record growth. SINGAPORE, Jan 11- Crude oil prices fell over 2 percent on Monday as China's economic slowdown dented the outlook for demand and traders are placing record bets on even lower prices as they increasingly lose faith in a significant market recovery. Other oil market analysts are pointing to China's...

  • SINGAPORE, Jan 11- U.S. crude oil prices were down more than 2 percent in early trading on Monday as traders increasingly lose faith in a significant market recovery soon and bet on even lower prices. U.S. crude West Texas Intermediate dropped more than 2 percent in early Monday trading to a low of 32.43 per barrel before edging back to $32.51 by 0038 GMT, still down 65...

  • RIG-OL-USA- BHI> The remaining 516 rigs were the fewest since April 2010, according to the data, but few expect the slump to end there. "So long as the price for oil stays low, the rig count will continue to decline," said Arthur Gelber, founder and president of energy consulting and advisory firm Gelber and Associates in Houston. U.S. oil futures on Friday failed to draw...

  • Drillers removed 20 oil rigs in the week ended Jan. 8, bringing the total rig count RIG-OL-USA- BHI> down to 516, the least since April 2010, oil services company Baker Hughes Inc said in its closely followed report. "Daily fluctuations in oil prices do not have an immediate effect on rig count changes," said Chris Kostas, senior power and gas analyst at Energy Security...

  • SINGAPORE, Jan 7- Oil prices tumbled over 5 percent to levels not seen since the early 2000 s on Thursday as a sliding yuan and a second emergency halt in China's stock trading this week left Asian markets in turmoil. Mirroring the weakness across financial markets, the global benchmark Brent fell over 5 percent and around $2 per barrel to a low of $32.16 per barrel, a...

  • *China's market turmoil weighs on Brent. SINGAPORE, Jan 7- Brent crude prices tumbled over 4 percent to levels not seen since April 2004 on Thursday as as a sliding yuan and a second emergency halt in China's stock trading this week left Asian markets in turmoil. China's stock markets were suspended for the rest of the day, less than half an hour after opening, as a new...

  • *China's market turmoil weighs on Brent. SINGAPORE, Jan 7- Brent crude futures fell to a fresh 11- year low on Thursday as a sliding yuan and an emergency halt in China's stock trading left Asian markets in a turmoil, while a huge supply overhang and near-record output levels also continued to drag on oil prices. Trading on its stock markets was suspended for the rest...

  • *China slowdown weighs on Brent. *Iran- Saudi dispute to hurt OPEC coordination- traders. SINGAPORE, Jan 7- Brent crude prices fell to fresh 11- year lows on Thursday as fresh concerns over China's economy added to huge storage overhangs, near-record production and slowing demand that have already pummeled prices.

  • SINGAPORE, Jan 7- U.S. oil prices edged away from 2009 lows in early trading on Thursday but overall market sentiment remained extremely bearish due to huge unused amounts of petroleum sitting idle in storage tanks and as China's economy was showing no signs of recovery. West Texas Intermediate futures were trading at $34.23 per barrel at 0026 GMT, up 26 cents...

  • NEW YORK/ LONDON, Dec 31- Oil prices rose on Thursday but fell as much as 35 percent for the year after a race to pump by Middle East crude producers and U.S. shale oil drillers created an unprecedented global glut that may take through 2016 to clear. But for 2015, both benchmarks fell double-digits for a second straight year as Saudi Arabia and other members of the...

  • Dec 31- U.S. energy firms cut oil rigs for a sixth week in the last seven, data showed on Thursday, a sign drillers were still waiting for higher prices before returning to the well pad. Drillers removed 2 oil rigs in the week ended Dec. 31, bringing the total rig count down to 536, oil services company Baker Hughes Inc said in its closely followed report.

  • Dec 31- U.S. energy firms cut oil rigs for a sixth week in the last seven, data showed on Thursday, a sign drillers were still waiting for higher prices before returning to the well pad. Drillers removed xxx oil rigs in the week ended Dec. 31, bringing the total rig count down to 5 xx, oil services company Baker Hughes Inc said in its closely followed report.

  • NEW YORK/ LONDON, Dec 31- Oil prices steadied on Thursday but were still headed for a second year of steep declines after a race to pump by Middle East crude producers and U.S. shale oil drillers created an unprecedented global glut that may take through 2016 to clear. Global oil benchmark Brent and U.S. crude's West Texas Intermediate futures were on track finish...

  • *Production at field unaffected- Statoil. OSLO, Dec 30- One person died and two were injured on Wednesday when a big wave hit a rig belonging to China's Chinese Oilfield Services Ltd that had been drilling at the Statoil- operated Troll field offshore Norway, the Norwegian company said. "It is with sorrow that Statoil and COSL have received confirmation from police...

  • LONDON, Dec 28- European shares fell on Monday in their first day of trade since the Christmas break, with a sharp decline in crude oil prices putting pressure on energy stocks such as Repsol and Total. The Euro STOXX Oil and Gas index fell 1.2 percent as crude oil dropped towards $37 a barrel, trading within sight of an 11- year low, pressured by excess supply that has...

  • Drillers removed three oil rigs in the week ended Dec. 23, bringing the total rig count down to 538, oil services company Baker Hughes Inc said in its closely followed report. Baker Hughes issued the report two days early due to the Christmas holiday. Prices did not budge after the Baker Hughes report.

  • Dec 23- U.S. energy firms this week cut oil rigs for a fifth week in the last six, data showed on Wednesday, a sign drillers were still waiting for higher prices before returning to the well pad. Drillers removed three oil rigs in the week ended Dec. 23, bringing the total rig count down to 538, oil services company Baker Hughes Inc said in its closely followed report.

  • OIL DRILLERS CUT RIGS FOR A FIFTH WEEK IN LAST SIX ON WEAK CRUDE PRICES- BAKER HUGHES.