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Recent OPEC agreement reflected in EIA forecast issued earlier this week

(Fri, 09 Dec 2016) In EIA’s December <em>Short-Term Energy Outlook</em> (STEO), both the West Texas Intermediate (WTI) and Brent crude oil 2017 price forecasts increased by about $1 per barrel (b) from the November STEO, with prices expected to average $51/b and $52/b, respectively.

UPDATE 1-Oil holds gains on hopes for non-OPEC output cuts

* Oil prices steady after climbs on Thursday

(Adds detail, updates prices)

Australia shares enter fourth day of gains; NZ lower

Dec 9 (Reuters) - Australian shares were higher on Friday as
a rise in financials and materials was offset by decline in
consumer stocks.

Venezuela says agrees with Iran to call for OPEC, non-OPEC heads of state summit

CARACAS, Dec 8 (Reuters) - - Venezuelan President Nicolas
Maduro said on Thursday he had agreed with Iran to call for a
summit of heads of state from OPEC and non-OPEC countries in the
first quarter of next year to decide on strategy for the oil
market.

Oil extends gains on hopes for non-OPEC output cuts

TOKYO, Dec 9 (Reuters) - Oil prices extended gains on
Friday, buoyed by growing optimism that non-OPEC producers might
agree to cut output following a cartel agreement to limit
production.

UPDATE 1-VelocityShares launching oil ETNs to replace delisted notes

NEW YORK, Dec 8 (Reuters) - VelocityShares said on Thursday
it was launching two new exchange-traded notes as an
"alternative" to a pair of popular products used to bet on oil
prices that are being delisted this week.

Saudi Arabia tells oil buyers of cuts after OPEC deal, PIRA says

NEW YORK, Dec 8 (Reuters) - Saudi Arabia is informing its
customers of cuts to their January crude oil supplies to comply
with the latest OPEC agreement, according to a PIRA note late on
Thursday.

VelocityShares to launch oil ETNs to replace delisted notes

NEW YORK, Dec 8 (Reuters) - VelocityShares said on
Thursday it was launching two new exchange-traded notes as an
"alternative" to a pair of popular products used to bet on oil
prices that will be delisted this week.

Solar and Renewable Energy Trends in 2017

The solar and renewable energy industries are constantly evolving — and sometimes changing abruptly – and this will continue in the new year that is soon upon us. Here’s what can we expect from 2017:

UPDATE 4-EU takes legal action against Germany, UK over VW scandal

* European car industry: http://tmsnrt.rs/2fyO3za

(Adds Spanish government comment in 8th paragraph)

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