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  • UPDATE 7-Oil slips from month highs as glut weighs Monday, 12 Oct 2015 | 10:31 AM ET

    *OPEC forecasts much more demand for its oil next year. North Sea Brent crude dropped to almost $42 a barrel in August, from a peak above $115 in June 2014, but then rallied back to an intraday high of $54.05 on Friday. "The recent rise has left room for profit-taking," said Carsten Fritsch, senior oil analyst at Germany's Commerzbank.

  • LONDON, Oct 12- Oil prices rose on Monday after Kuwait's oil minister said economic growth and the removal of high-cost producers would help tighten global fuel balances. Kuwait Oil Minister Ali al-Omair told Reuters the Organization of the Petroleum Exporting Countries would stick to its output policy, which has focused on building market share at the...

  • LONDON, Oct 12- Oil prices rose on Monday after Kuwait's oil minister said economic growth and the removal of high-cost producers would help tighten global fuel balances. Kuwait Oil Minister Ali al-Omair told Reuters the Organization of the Petroleum Exporting Countries would stick to its output policy, which has focused on building market share at the...

  • *WTI, Brent prices rise above $50, $53 per barrel. *China's economic outlook still worries analysts. West Texas Intermediate crude futures were trading at $50.03 per barrel at 0700 GMT, up 40 cents from their last settlement.

  • *WTI rises above $50 per barrel, Brent above $53. *China's economic outlook still worries many analysts. West Texas Intermediate crude futures were trading at $50.09 per barrel at 0442 GMT, up 46 cents from their last settlement.

  • Oil edges up on lower U.S. rig count, weaker dollar Sunday, 11 Oct 2015 | 8:20 PM ET

    *Traders await wave of China data after National Holiday. U.S. drillers removed nine oil rigs in the week ended Oct. 9, bringing the total rig count down to 605, oil services company Baker Hughes Inc said late on Friday. West Texas Intermediate crude futures were trading at $49.79 per barrel at 0008 GMT, up 16 cents from their last settlement.

  • *U.S. rig count down for 6th week- Baker Hughes. U.S. crude closed up 20 cents at $49.63, the highest settle since late July, while Brent crude ended 40 cents down at $52.65 on Friday. Drillers removed nine oil rigs in the week ended Oct. 9, bringing the total rig count down to 605, oil services company Baker Hughes Inc said in its closely followed report.

  • *U.S. rig count down for 6th week- Baker Hughes. Brent crude, the global benchmark, was down 43 cents at $52.62 a barrel at 1:49 p.m. ET, during a volatile session that saw the contract touch an intraday high of $54.05. Drillers removed nine oil rigs in the week ended Oct. 9, bringing the total rig count down to 605, oil services company Baker Hughes Inc said in its closely...

  • OIL DRILLERS CUT RIGS FOR A 6 TH WEEK IN A ROW DESPITE RISING CRUDE PRICES- BAKER HUGHES.

  • Softer-than-expected U.S. jobs data and other economic statistics had weighed on oil earlier, along with reduced threats to oil installations in the U.S. East Coast from Hurricane Joaquin. U.S. energy companies this week cut the number of rigs drilling for oil by 26, a weekly survey by oil services company Baker Hughes showed. Brent, the global oil benchmark, was...

  • NEW YORK, Oct 2- Crude prices erased early losses to rise by as much 1 percent on Friday after a report showing the fifth weekly decline in the U.S. oil rig count added to signs of falling production in the world's top oil consumer. U.S. energy companies this week cut the number of rigs drilling for oil by 26, a weekly survey by oil services company Baker Hughes showed.

  • Drillers removed four oil rigs in the week ended Sept. 25, bringing the total rig count down to 640, the lowest since July, after cutting a total of 31 rigs over the three prior weeks, oil services company Baker Hughes Inc said in its closely followed report. Natural gas rigs were down one this week to 197, up just one from its lowest level since at least 1987, according...

  • BISMARCK, N.D., Sept 24- North Dakota regulators on Thursday gave the energy industry 10 extra months to reduce the amount of natural gas burned off at oil wells, acquiescing to industry worries that construction delays have made it all but impossible to meet existing targets. Governor Jack Dalrymple and the two other members of the North Dakota Industrial...

  • SAO PAULO, Sept 24- Transocean Ltd., a top offshore drilling company, has been mentioned in testimony in a corruption investigation focused on Brazil's state-run oil firm Petroleo Brasileiro SA, Brazilian court documents showed. According to court documents made public this week, Musa told prosecutors he began receiving payments in 2012 after Transocean won...

  • Sept 23- Private equity firm Energy Capital Partners is looking for buyers for its interest in Summit Midstream Partners LP, a deal that would include a minority stake in the pipeline operator as well as ownership of its general partner, Bloomberg reported. The sale would also include some oil and gas gathering and processing operations in North Dakota,...

  • Sept 22- Oilfield services provider Halliburton Co has agreed to pay $18.3 million total to over 1,000 U.S. employees in pending overtime wages, the U.S. Labor Department said.

  • On Francis' first visit to the United States this week, the business dealings suggest that some leaders of the U.S. Catholic Church are practicing a different approach to the environment than the pontiff is preaching. A Reuters review of county documents found 235 oil and gas leasing deals signed by Catholic Church authorities in Texas and Oklahoma with energy...

  • Halliburton cuts jobs in Williston, North Dakota Monday, 21 Sep 2015 | 8:43 PM ET

    Sept 21- Halliburton Co, the world's No. 2 oilfield services provider, said on Monday it has laid off staff in Williston, North Dakota, blaming plunging crude oil prices. The company provided no details on the number of employees affected. "Halliburton will continue to monitor the business environment and will adjust the size of our workforce to align with current...

  • *Brent premium to U.S. crude falls to below $2/ bbl. *$1.5 tln of oil projects uneconomic at $50/ bbl- Woodmac. Cushing stocks fell nearly 2 million barrels in the week to Sept. 11, the biggest draw since February 2014, U.S. government data showed.