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UPDATE 1-Idemitsu plan to take stake in Showa Shell gets regulatory nod

TOKYO, Dec 19 (Reuters) - Japan anti-monopoly regulator said
on Monday it had approved plans by Idemitsu Kosan Co to
take a stake of just under a third in rival refiner Showa Shell
Sekiyu KK for about 170 billion yen ($1.5 billion).

By shielding biggest buyer Asia from supply cuts, OPEC risks prolonging fuel glut

SINGAPORE, Dec 19 (Reuters) - OPEC's efforts to hold market
share in Asia by keeping its customers, which take about
two-thirds of its exports, supplied amid wider output cuts could
prolong the global fuel glut and frustrate its attempt to
bolster prices.

Idemitsu plan to take stake in Showa Shell gets regulatory nod

TOKYO, Dec 19 (Reuters) - Japan's Fair Trade Commission said
on Monday it had approved plans by Idemitsu Kosan Co to
take a stake of just under a third in rival refiner Showa Shell
Sekiyu KK.

UPDATE 1-Japan FTC to brief on Idemitsu's planned takeover of Showa Shell

* Purchase of stake from RDS delayed, awaiting FTC ruling

(Adds background on merger plans)

Indonesia draft rule could ease export ban on nickel, bauxite -paper

JAKARTA, Dec 19 (Reuters) - Indonesia's government is
drafting a regulation that could ease a looming export ban for
not only copper concentrates, but also partly processed or raw
nickel and bauxite, the Jakarta Post reported, citing a draft
regulation.

Japan FTC to brief on Idemitsu's planned takeover of Showa Shell

TOKYO, Dec 19 (Reuters) - Japan's Fair Trade Commission said
it would hold a news conference at 4 p.m. (0700 GMT) on Monday
regarding its decision on whether to approve Idemitsu Kosan Co's
planned takeover of rival refiner Showa Shell.

UPDATE 3-Oil prices rise in anticipation of tighter 2017 market

* OPEC, other producers have announced cuts of almost 1.8
mln bpd

RPT-COLUMN-U.S. distillate demand set to rise in 2017: Kemp

LONDON, Dec 16 (Reuters) - U.S. refiners are likely to see
stronger demand for middle distillates such as heating oil and
diesel in 2017 after two years of declining domestic
consumption.

Oil prices edge up in anticipation of tighter 2017 market

SINGAPORE, Dec 19 (Reuters) - Oil prices inched up on Monday
in anticipation of tighter crude supply going into 2017
following the decision by OPEC and other producers to cut output
to prop up prices.

Bolivia's Morales says he may run for fourth term despite referendum loss

LA PAZ, Dec 18 (Reuters) - Bolivian President Evo Morales
said on Sunday he may run for a fourth consecutive term in
elections in 2019 despite losing a referendum in February that
would have reformed the country's constitution to allow him to
run again.

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