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UPDATE 1-Russian energy minister says cooperation with OPEC intensifying

* Oil stock overhang still major concern - OPEC's Barkindo

(Adds quotes, details, background)

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UPDATE 1-China's Zhengzhou exchange to raise fees for coal futures

BEIJING, Oct 24 (Reuters) - China's Zhengzhou Commodity
Exchange will hike transaction fees for its thermal coal futures
contracts, it said on Monday, which may act to reduce trading
activity amid a historic price rally and a surge in speculative
investment in the volatile market.

COLUMN-U.S. oil and gas producers stir from hibernation: Kemp

LONDON, Oct 24 (Reuters) - U.S. oil and gas drillers are
reporting the biggest and most sustained upturn since oil prices
began slumping in the middle of 2014.

Russian Energy Minister to discuss oil market with OPEC SecGen

VIENNA, Oct 24 (Reuters) - Russian Energy Minister Alexander
Novak said on Monday he plans to discuss the situation on the
oil market with OPEC Secretary General Mohammed Barkindo.

UPDATE 1-Egypt launches record LNG tender for 96 cargoes -trade

MILAN, Oct 24 (Reuters) - Egypt launched the world's biggest
tender for liquefied natural gas (LNG) on Sunday as officials
from top energy companies and trading houses converged on Cairo
undeterred by new rules forcing them to wait even longer to get
paid.

Russian energy minister says cooperation with OPEC intensifying

VIENNA, Oct 24 (Reuters) - Russian Energy Minister Alexander
Novak said on Monday that OPEC and Russia were stepping up
cooperation as they discussed how Moscow might be able to help
support a possible freeze or cut in oil production.

Essential to address overcapacity with non-OPEC countries, OPEC says

VIENNA, Oct 24 (Reuters) - It is essential that OPEC and
non-OPEC countries address overcapacities in the oil market, the
cartel's secretary general said before a meeting on Monday with
Russia's energy minister aimed at discussing coordination of
output.

China's Zhengzhou exchange to raise fees for thermal coal contracts

BEIJING, Oct 24 (Reuters) - China's Zhengzhou Commodity
Exchange said it is raising transaction fees for thermal coal
futures contracts, starting from the night session on October
24.

Iran to encourage OPEC members to join output freeze plan -IRNA

DUBAI, Oct 24 (Reuters) - Iran's deputy oil minister said on
Monday that Tehran was ready to encourage other OPEC members to
join a plan to freeze output to bring stability to the oil
market.

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