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Australia and NZ shares end tad lower weighed down by materials

Nov 30 (Reuters) - Australian shares edged lower on
Wednesday as material stocks slumped in line with iron ore and
steel prices ahead an OPEC meeting aimed at striking a deal to
cut oil output in a bid to boost crude prices that have halved
since 2014.

Leaner and meaner: U.S. shale greater threat to OPEC after oil price war

NEW YORK/HOUSTON, Nov 30 (Reuters) - In a corner of the
prolific Bakken shale play in North Dakota, oil companies can
now pump crude at a price almost as low as that enjoyed by OPEC
giants Iran and Iraq.

Tighter marine fuel sulfur limits will spark changes by both refiners and vessel operators

(Wed, 30 Nov 2016) The sulfur content of transportation fuels has been declining for many years as a result of increasingly stringent regulations. New international regulations limiting sulfur in fuels for ocean-going vessels, set to take effect in 2020, have further implications for both refiners and vessel operators at a time of high uncertainty in future crude oil prices, which will be a major factor in their operational decisions.

UPDATE 3-Australia takes aim at oil and gas industry in tax review

MELBOURNE, Nov 30 (Reuters) - Australia is targeting the oil
and gas industry for a tax review ahead of next year's budget,
in a push to boost revenue after a sharp slump over the past
three years and collect more from multinational giants.

UPDATE 2-Beijing untypically quiet on Taiwan drills in South China Sea

ITU ABA, South China Sea, Nov 30 (Reuters) - Taiwan held
rescue drills on Tuesday off the coast of its sole outpost in
the Spratly Islands of the South China Sea, but the biggest
claimant in the disputed waters kept uncharacteristically quiet.

UPDATE 1-Japan's JX plans to boost Dec crude refining by 6 pct y/y

* Kerosene sales seen firm in Dec as cold continues
* JX sees domestic kerosene sales seen up 25 pct yr/yr

UPDATE 2-Singapore fuel oil margins at narrowest discount in almost 5 yrs

* 180-cst refining margin to Dubai crude narrowest in nearly
5 yrs

UPDATE 2-Australia takes aim at oil and gas industry in tax review

MELBOURNE, Nov 30 (Reuters) - Australia is targeting the oil
and gas industry for a tax review ahead of next year's budget,
in a push to boost revenue after a sharp slump over the past
three years and collect more from multinational giants.

UPDATE 1-Oil markets remain jittery ahead of OPEC meeting later in day

* Prices to fall towards $40 if deal falls through -
analysts

(Adds Brent prices, comment, detail)

RPT-As OPEC price hike looms, Asia's big oil buyers may shop elsewhere

SINGAPORE/TOKYO, Nov 29 (Reuters) - For the first time since
2008, OPEC is set to strike a deal to cut oil output that may
boost prices. It may also give itself a bloody nose in Asia,
where big buyers are ramping up supplies from elsewhere and say
they don't want to pay more for fuel.

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