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World temperatures hit new high in 2016 for third year in a row

* Temperatures creeping close to ceiling set in Paris
agreement

GOP tax reform and what’s at stake for the oil industry

Any change in the US' corporate tax system that has an enormous shift in the tax treatment of imports and exports is going to have the potential to impact oil flows, and by extension, oil markets.

UPDATE 1-OPEC sees smaller oil glut in 2017 but flags U.S. shale recovery

* OPEC output falls 221,000 bpd in December, led by Saudi,
Nigeria

UPDATE 1-Citigroup's quarterly profit gets boost from trading

Jan 18 (Reuters) - Citigroup Inc reported a 7 percent
rise in quarterly profit, wrapping up a strong quarter for big
U.S. banks, as trading in bonds and currencies surged following
the U.S. presidential election.

Global oil, gas discoveries drop to 70-year low -Rystad Energy

LONDON, Jan 18 (Reuters) - Oil and gas discoveries around
the world dropped last year to their lowest since the 1940s
after companies sharply cut back in their search for new
resources amid falling oil prices.

Citigroup's quarterly profit rises 7 percent

Jan 18 (Reuters) - Citigroup Inc reported a 7 percent
rise in quarterly profit on Wednesday, wrapping up a strong
quarter for big U.S. banks, as trading in bonds and currencies
surged following the U.S. presidential election.

Iran's Zarif wants cooperation with Saudi over Syria and Yemen

DAVOS, Switzerland, Jan 18 (Reuters) - Iran and Saudi Arabia
should be able to work together to help end conflicts in Syria
and Yemen, after successfully cooperating over Lebanon last
year, Iran's foreign minister said.

OPEC sees smaller oil glut, upbeat on non-OPEC cut compliance

LONDON, Jan 18 (Reuters) - OPEC signalled a falling oil
supply surplus in 2017 on Wednesday as the producer group's
output declines from a record high and outside producers show
positive initial signs of complying with the first joint
supply-reduction deal since 2001.

U.S. Senate panel to question Trump's EPA pick over energy ties

WASHINGTON, Jan 18 (Reuters) - Oklahoma Attorney General
Scott Pruitt, President-elect Donald Trump's choice to lead the
Environmental Protection Agency, will face tough questions from
lawmakers on Wednesday about his ties to the energy industry, in
what is expected to be another highly contentious confirmation
hearing for Trump's Cabinet-in-waiting.

France says Mali army camp explosion is major "symbolic attack"

PARIS, Jan 18 (Reuters) - France's interior minister
described Wednesday's deadly car bomb explosion at an army camp
in Gao, northern Mali, as a "major and highly symbolic attack"
in an area visited days ago by French President Francois
Hollande.

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