*Severe weather cuts oil production in Europe, U.S. LONDON, Dec 6- Brent crude rose above $111 a barrel on Friday after data showed the jobless rate at a five-year low in top oil consumer the United States. Brent was up 42 cents at $111.40 a barrel at 1433 GMT, while U.S. crude was up 7 cents at $97.45 a barrel.» Read More
BEIJING, Dec 6- China is expected to post an increase in imports of major commodities in November compared with the preceding month, helped by stock building ahead of winter and after a week-long holiday disrupted shipments in October.
*Severe weather cuts oil production in Europe, U.S. SINGAPORE, Dec 6- Brent futures edged over $111 a barrel on Friday after a two-day drop, as severe weather cut oil output in Europe and the United States, with traders waiting for a key U.S. jobs report later in the day.
*Amec and Petrofac both linked with takeover target. In the last weeks, British media have reported that UK engineers Amec and Petrofac are looking at Swiss-based peer Foster Wheeler. Amec also made a $1.1 billion approach for rival Kentz earlier this year which Kentz rejected saying it undervalued the company.
BEIJING, Dec 6- A $6.4 billion gas project being built by Chevron in China is facing further delays due to disagreements with partner PetroChina over how to develop the technically tricky fields, three industry sources said.
*Severe weather cuts oil production in Europe, United States. SINGAPORE, Dec 6- Brent futures edged higher above $111 a barrel on Friday after a two-day drop as severe weather cut oil production in Europe and the United States, with traders awaiting a key U.S. jobs report later in the day.
MEXICO CITY, Dec 5- Mexican senators will present a bill to open up Mexico's energy sector on Friday, and opposition conservatives are weighing a compromise on demands for lucrative concessions to clinch a deal with the ruling party, a top lawmaker said on Thursday.
*Severe weather cuts oil production in Europe, United States. SINGAPORE, Dec 6- Brent futures edged above $111 a barrel on Friday, on course to end the week more than 1 percent higher, as traders awaited a U.S. jobs report later in the day and severe weather cut oil production in Europe and the United States.
*U.S. crude for January delivery was up 9 cents at $97.47 a barrel by 0011 GMT- on course for a gain of more than 5 percent for the week, the most since the week to July 5. *Seaborne oil exports from OPEC, excluding Angola and Ecuador, will rise by 710,000 barrels per day in the four weeks to Dec. 21, an analyst who estimates future shipments said on Thursday.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
A panel of five EPA rulemakers- including Chris Grundler, director of the EPA's Office of Transportation and Air Quality- listened intently as groups of five to six speakers came up in succession to state their positions.
*OPEC keeps production target unchanged. Brent crude fell by over $1 at one point during the session, following a month of consistent gains that saw prices rise from $103 in early November to above $113 on Wednesday.
BUENOS AIRES, Dec 5- Argentina has begun talks with Repsol about compensation to the Spanish oil major for last years nationalization of the South American country's top oil company, YPF, a government official said on Thursday.
MEXICO CITY, Dec 5- Mexican senators will present a bill to open up Mexico's energy sector to greater private investment on Friday, clearing the way for a vote by the full Senate as early as next week, a top ruling party senator said on Thursday. Three different Senate committees are responsible for approving the bill.
*OPEC keeps production target unchanged. *John Kerry: core sanctions against Iran remain in place despite interim deal.
JUNEAU, Alaska-- Alaska is expecting nearly $2 billion less in oil and gas production taxes this year, which Revenue officials say has more to do with lower-than-expected oil prices and declining production than with the new oil tax law.
LONDON, Dec 5- From intelligent drills to analysing gum tree leaves, an unprecedented push to develop new methods and technologies promises to transform the way miners explore for deposits, allowing them to dig deeper, faster and more cheaply.
AUGUSTA, Maine-- Maine energy industry officials and lawmakers applauded on Wednesday the potential environmental and economic benefits of a 12- megawatt offshore wind project that could be built off the state's coast, but a lot remains to be settled before construction of the two-turbine project is ensured.
DURHAM, N.C.-- North Carolina is poised for an economic boost thanks to laws authorizing fracking and by opening the door wider to more alternative energy production, Gov. Pat McCrory predicted Wednesday before state business leaders.
*John Kerry: core sanctions against Iran remain in place despite interim deal. LONDON, Dec 5- Brent crude oil slipped towards $111 a barrel on Thursday, as traders weighed whether positive U.S. data would prompt the Federal Reserve to start curbing its monthly bond-buying programme.
*Iran's Hosseini says Tehran wants to revive ageing oilfields. VIENNA, Dec 5- Iran's leading oil negotiator says Tehran wants Western oil companies to revive its giant ageing oilfields and develop new oil and gas projects once sanctions are lifted.