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  • The number of rigs drilling for oil in the United States fell by 64 to 922, oil services company Baker Hughes Inc said in its weekly report. The number of oil rigs in use has fallen in 18 of the past 21 weeks, according to Baker Hughes. Texas, the state with the most rigs, again lost the most this week, shedding 32 to 537, the lowest since 2010, Baker Hughes said.

  • *Fighting in Iraq, oil wells closure in Libya support prices. *Coming Up: Baker Hughes oil rig data at 1:00 p.m EST. NEW YORK, March 6- Oil fell on Friday as the dollar surged on bets of a near-term rate hike from strong U.S. jobs growth, offsetting an early run up in crude prices on worries about Libyan and Iraq supplies.

  • LONDON, March 6- Brent crude oil steadied above $60 a barrel on Friday as a stronger dollar balanced worries over the impact of fighting in Libya and Iraq on Middle East and North African oil production. Brent was down 5 cents a barrel at $60.43 by 1450 GMT. "The economy, with respect to jobs, is doing a pretty good job of growing," said Bruce Mccain, Chief Investment...

  • LONDON, March 6- Brent crude oil rose towards $61 a barrel on Friday as fighting in Libya and Iraq stoked output worries, while traders kept a close eye on Iran nuclear talks that could eventually bring more supply to world markets. Fighting has escalated in northeast Iraq, where Islamic State militants have set fire to oilfields to deter Shi'ite militiamen and...

  • FUJAIRAH, United Arab Emirates, March 5- Vopak, the world's largest independent storage tank operator, is expanding its chemical product storage capacity in Saudi Arabia, a senior executive told Reuters on Thursday. Vopak, which offers oil, chemical and biofuels storage in the world's top bunkering hubs Singapore and Rotterdam, as well as on the east coast of the...

  • Corrects Hercules Offshore item to change date of announcement of job cuts to Feb. 12 from Feb. 3) Feb 17 (Reuters)- Oilfield services giants Schlumberger Ltd and Halliburton Co and many others in the oil and gas industry have announced plans to lay off thousands of people in the past few months as global oil prices have nearly halved since June.

  • NEW YORK, March 4- The United States produced a record 25.7 trillion cubic feet of natural gas in 2014 according to preliminary estimates published by the Energy Information Administration on Feb 27. Gas production has risen 27 percent since 2008 even though the number of rigs employed drilling for gas has declined by more than 80 percent over the same period.

  • March 2- Onshore and offshore driller Nabors Industries Ltd swung to a quarterly loss, hurt by a fall in drilling activity amid a slump in global crude prices. Nabors recorded charges of about $1.2 billion in the quarter related to its pending deal with C&J Energy Services Inc and the "current industry downturn." Nabors posted a net loss of $891.1 million, or $3.08...

  • Feb 27- Offshore driller Nabors Industries Ltd swung to a quarterly loss, hurt by a fall in drilling activity amid a slump in global crude prices. Nabors recorded charges of about $1.2 billion in the quarter related to its pending deal with C&J Energy Services Inc and the "current industry downturn." Nabors posted a net loss of $891.1 million, or $3.08 per share, in the...

  • ABU DHABI, March 2- The Kuwait Investment Office, the London branch office of sovereign wealth fund Kuwait Investment Authority, is gradually reducing its overweight stance on U.S. assets after keeping that position for seven years, its chief executive said on Monday. Osama al-Ayoub, speaking at a business conference in Abu Dhabi, also said the KIO was going...

  • *Baker Hughes data shows pace of rig count drop slows. Both Brent and U.S. futures briefly pared gains after data from oil services company Baker Hughes showed its U.S. oil drilling rig count fell only 33 to 986 this week, after rigs were only down 37 in the previous week. Brent April crude was up $1.27 at $61.32 a barrel at 1:28 p.m. EST, on pace to post a 15 percent...

  • *China's implied oil demand set to grow 3 percent this year. *Statoil shuts Statfjord C platform in North Sea. At 1453 GMT, Brent crude futures were up $1.26 at $61.32 a barrel, off an earlier high of $61.75.

  • Feb 27- Contract driller Rowan Cos Plc wrote down the value of 12 of its oldest jack-up rigs by $438.4 million, joining rivals such as Transocean Ltd in recording big asset impairment charges. Rowan swung to a quarterly loss on the impairment charge, although the company's revenue rose 41 percent to $556.2 million due to two ultra-deepwater rigs coming into...

  • Feb 26- Offshore driller Ensco Plc said it would shut down an ultra-deepwater rig as demand dwindles due to a slump in crude prices, a day after it slashed its quarterly dividend by 80 percent. Ensco reported a fourth-quarter loss on Wednesday, compared with year-ago profit, hurt mainly by a $3 billion goodwill impairment charge. Ensco cut its quarterly dividend...

  • Feb 25- Engineering company Weir Group Plc said uncertainty in the oil and gas industry would significantly reduce its 2015 revenue on a constant currency basis despite aggressive cost-cutting, sending its shares tumbling on Wednesday. The number of rigs drilling for oil in North America last week was the lowest since July 2011, a survey by oil services firm...

  • HOUSTON, Feb 23- Shale oil producers are throttling back so quickly on drilling that U.S. crude output could fall sooner than expected, within months, executives say as they slash costs to cope with tumbling crude prices and compete with Persian Gulf rivals. For one, companies are cutting costs deeper and faster than before as Wall Street investors increasingly...

  • LONDON, Feb 20- Brent crude oil steadied above $60 a barrel on Friday as expectations of falling U.S. rig count numbers outweighed concerns about oversupply. This week's numbers, produced by oil services firm Baker Hughes Inc, are due around 1800 GMT on Friday. "A further sharp decrease in the oil rig count is expected... which points to declining U.S. oil production in...

  • Analysts said the rouble's trajectory would continue to be determined by oil, forex sales before large rouble-denominated taxes due next week and news out of Ukraine, where the market hopes a fragile ceasefire will hold. Russia celebrates the Defender of the Fatherland Day public holiday on Monday, meaning traders could be exposed to losses over the...

  • LONDON, Feb 20- Brent crude oil rose towards $61 a barrel on Friday as expectations of falling U.S. rig count numbers outweighed concerns about oversupply. This week's numbers, produced by oil services firm Baker Hughes Inc, are due around 1800 GMT on Friday. "A further sharp decrease in the oil rig count is expected... which points to declining U.S. oil production in the...

  • MOSCOW, Feb 20- Russia's Eurasia Drilling said on Friday it was delaying a deal to sell a stake in the company to oil services giant Schlumberger while it waited for approval from a Russian regulator. Last month, Schlumberger said it planned to buy a 45.65 percent stake in Eurasia for about $1.7 billion, potentially paving the way for it to become the sole owner of...