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China's Sinopec weighs takeover of Gulf Keystone - Bbg

Dec 13 (Reuters) - China's Sinopec Corp
is weighing a takeover of Gulf Keystone Petroleum
, an oil company focused on Iraqi Kurdistan, Bloomberg
reported on Tuesday.

Qatar Petroleum says to cut oil production in line with OPEC deal

DUBAI, Dec 13 (Reuters) - State-owned Qatar Petroleum said
on Tuesday that Qatar's oil production would fall from Jan. 1 in
line with last month's agreement for OPEC members to cut output.

UPDATE 1-CEO of Russia's Lukoil says declined offers to buy stake

MOSCOW, Dec 13 (Reuters) - Vagit Alekperov, the
long-standing chief executive and major shareholder of Russia's
No.2 oil producer Lukoil, said he had declined to sell
his stake in the company around three years ago and there were
no more such proposals.

UPDATE 1-De Beers diamond sales tempered by India's cash crackdown

* Sales still higher than a year ago

(Adds detail, background, Gemfields emerald sale delayed)

UPDATE 1-Oil demand to grow more swiftly, too early to assess global output cut

LONDON, Dec 13 (Reuters) - Global oil demand will rise more
strongly than expected in 2016 and 2017, although it is too soon
to assess the impact of a joint cut in supply by the world's
largest producers, the International Energy Agency said on
Tuesday.

Kuwait's KPC informs customers of lower oil supplies in Jan

DUBAI, Dec 13 (Reuters) - Kuwait Petroleum Corporation (KPC)
said on Tuesday it had officially notified its customers of a
cut in their contractual crude oil supplies for January, in line
with a deal with OPEC to reduce production.

Hamburg Süd deal to help compensate for Maersk energy spin-off

COPENHAGEN, Dec 13 (Reuters) - The acquisition of German
shipping company Hamburg Süd will replace some 60 percent of
revenue lost when A.P. Moller-Maersk spins off its
energy division, the head of the Danish company said on Tuesday.

India's crackdown on cash tempers De Beers diamond sales

LONDON, Dec 13 (Reuters) - Anglo American said on
Tuesday demand at its latest De Beers diamond sale showed a
slowdown in response to India's withdrawal of high-value
banknotes, but was still higher than a year ago when commodity
trade was slumping.

UPDATE 3-Oil prices firm as Abu Dhabi cuts exports amid soaring Asian demand

* Abu Dhabi cuts supply as part of OPEC, non-OPEC output
reduction

Event organiser UBM to buy Allworld in Middle East foray

Dec 13 (Reuters) - Event organiser UBM Plc said it
would buy Asian exhibitions company Allworld for $485 million in
cash, strengthening its position in Asia and providing an entry
into the Middle East.

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