*Natural gas field attacked in OPEC- member Algeria. NEW YORK, Jan 16- Front-month Brent crude futures pared gains and nearby contracts turned lower on Wednesday on news of an expected restart of a shut North Sea pipeline system, while U.S. crude rallied on data showing domestic crude stocks fell last week.
*OPEC trims demand growth outlook. LONDON, Jan 16- Crude oil edged up towards $111 a barrel on Wednesday, recovering slightly from a drop in the previous session, supported by the closure of the Brent pipeline system in the North Sea.
*OPEC trims demand growth outlook. LONDON, Jan 16- Brent crude oil edged up towards $111 a barrel on Wednesday on North Sea production problems and robust U.S. retail sales figures, which boosted hopes for stronger demand.
LONDON, Jan 16- OPEC expects demand for its crude to be lower than expected in 2013 because of higher supply from rival producers, indicating inventories could build up substantially if the producer group maintains current output. It forecast demand for OPEC crude this year would average 29.65 million barrels per day, down 100,000 bpd from last month.
DUBAI, Jan 10- Saudi Arabia has cut oil production substantially, moving to fend off a growing overhang in world oil supply and defend prices well above $100 a barrel. Core Gulf OPEC producers Kuwait and the United Arab Emirates have shown no inclination to lower supplies, an OPEC source said.
QUITO, Jan 5- Ecuador's consumer prices rose 4.16 percent last year, the government of the South American OPEC nation said on Saturday, below its forecast of 5.14 percent. Ecuador's economy is likely to have expanded by about 5 percent in 2012, President Rafael Correa said last month.
*Brent crude oil heads for record annual average over $111/ bbl. Prices found support throughout the year from unrest in the Middle East that threatened supplies, including Western efforts to halt Iran's nuclear ambitions through sanctions against the OPEC nation.