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French trial of Equatorial Guinea leader's son postponed until June

PARIS, Jan 4 (Reuters) - A French court on Wednesday
postponed the corruption trial of the son of Equatorial Guinea's
president until June 19, bringing proceedings to a halt two days
after they had begun.

Kuwait Petroleum Corp committed to OPEC oil output cut -state news agency

DUBAI, Jan 4 (Reuters) - State-owned Kuwait Petroleum Corp
(KPC) said on Wednesday it was committed to an oil output cut
agreed by the Organization of Petroleum Exporting Countries at a
meeting in Vienna in November, Kuwait's state news agency KUNA
reported.

Container vessel collision causes oil spill on Singapore-Malaysia border

SINGAPORE, Jan 4 (Reuters) - Nearly 300 tonnes of oil
spilled into the narrow strait separating Singapore and Malaysia
after a collision between two container vessels, the Singapore
Marine Port Authority (MPA) said on Wednesday.

Crude oil prices increased in 2016, still below 2015 averages

(Wed, 04 Jan 2017) Crude oil prices ended the year above $50 per barrel (b). Although the annual average West Texas Intermediate (WTI) crude oil price in 2016 was $43/b—down $5/b from 2015—the WTI price ended 2016 at $53/b, $16/b higher than at the end of 2015. Similarly, Brent ended the year up $17 from the end of 2015, at $54/b, but the 2016 annual average of $44/b was $8 below the 2015 average.

Smog-hit Beijing slapped with top "fog" alert for second day

BEIJING, Jan 4 (Reuters) - The Chinese capital issued its
highest red fog alert for a second day on Wednesday, keeping
highways closed in and around the city which is already under a
smog alert after weeks of choking winter pollution.

Mexican protesters' blockades cause "critical situation" - Pemex

MEXICO CITY, Jan 3 (Reuters) - Blockades of fuel storage
terminals by protesters angered by a double-digit increase in
gasoline prices has led to a "critical situation" in at least
three Mexican states, state oil company Pemex said on Tuesday.

UPDATE 1-Exxon Mobil, Tillerson agree to cut all ties

Jan 3 (Reuters) - Exxon Mobil Corp and Rex Tillerson
agreed to sever all ties to comply with conflict-of-interest
requirements as the company's former chairman and chief
executive awaits confirmation as U.S. secretary of state.

UPDATE 2-Oil prices edge up tighter supply outlook, but strong dollar weighs

* Economic outlook for 2017 points to moderate growth

(Adds futures price curves, updates spot prices)

Exxon Mobil, Tillerson agree to cut all ties

Jan 3 (Reuters) - Exxon Mobil Corp said it reached
an agreement with Rex Tillerson, its former chairman and chief
executive, to cut all ties with the company to comply with
conflict-of-interest requirements associated with his nomination
as secretary of state.

Oil prices edge up as dollar retreats from 14-year high

* Oil traders look for planned production cuts to
materialise

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