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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.

China suitor tightens grip on Curacao oil project

BEIJING/HOUSTON, Dec 13 (Reuters) - China's Guangdong
Zhenrong Energy Co will submit a plan by April to revamp a
century-old oil refinery in Curacao, as it seeks to secure a
$5.5 billion project that will give China a foothold in the
Caribbean's second-largest oil refinery.

Balfour Beatty says on track for cost-savings, margin improvements

LONDON, Dec 13 (Reuters) - British construction company
Balfour Beatty said it was on track to deliver cost
saving targets in line with a long-term turnaround plan, adding
that it was confident that margins would recover over the next
two years.

Beijing mulls ban on coal trucks, storage in Tianjin in smog fight

BEIJING, Dec 13 (Reuters) - Beijing's environmental watchdog
is considering a ban on the use of trucks to transport coal and
closing coal storage facilities in Tianjin, one of China's
busiest ports, a researcher with the agency said, in what would
be a drastic move to tackle smog.

What could $65/b WTI mean for oil production in the Permian?

Oil prices are expected to rise after the OPEC deal and there is upside potential for production and IRRs, particularly in premier US basins.

Trump to announce Exxon chief Tillerson as secretary of state

WASHINGTON, Dec 13 (Reuters) - President-elect Donald Trump
will announce Exxon-Mobil Corp's Rex Tillerson as his choice for
secretary of state on Tuesday, a senior transition official
said, confident that the oil executive can get past questions
about his ties to Russia.

EIA forecasts continued biomass-based diesel growth due to final 2017 RFS targets

(Tue, 13 Dec 2016) On November 23, the U.S. Environmental Protection Agency (EPA) issued its final rule for the 2017 Renewable Fuel Standard (RFS) program year, with higher targets than those initially proposed in May. EPA increased both the advanced biofuels and total renewable fuel targets while keeping the cellulosic biofuel and biomass-based diesel targets unchanged.

UPDATE 2-China's Nov steel output grows at fastest in over 2 years -stats bureau

* Production in first 11 months edges up

(Adding comment and background throughout)

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