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Extraction Oil & Gas expects to raise as much as $600 mln in IPO

Sept 29 (Reuters) - Extraction Oil & Gas LLC said it
expected to raise as much as $600 million in an initial public
offering, valuing the Denver-based oil explorer and driller at
about $2.6 billion.

Finally, smiles at a steel and iron ore conference in 2016

It has come as no surprise that Chinese steel market sources feel a bit more cheerful this year.

United States exports distillate from the Gulf Coast while importing it on the East Coast

(Thu, 29 Sep 2016) U.S. distillate exports increased 85,000 barrels per day (b/d) in 2015, reaching nearly 1.2 million b/d. Distillate exports in the first six months of 2016 have averaged 50,000 b/d more than in the first half of 2015. U.S. distillate imports, which are relatively fewer, averaged 200,000 b/d in 2015 and 157,000 b/d in the first half of 2016. Patterns of U.S.

UPDATE 1-Oil prices retreat as investors wait for clarity on OPEC deal

* Net output cut could be 400,000 bpd -Energy Aspects

(Adds comment, updates prices)

RPT-Devil's in the details of OPEC deal as Asia buyers remain cautious

* Good demand may mean less impetus for producers to cut
output

Relief arrives for U.S. shale firms as OPEC folds in price battle

HOUSTON, Sept 29 (Reuters) - It was a moment U.S. shale oil
producers have been waiting on for more than two years: OPEC
nations finally agreed to cut production on Wednesday in a move
that lifted low prices ravaging their budgets.

REFILE-Statewide blackout in Australia raises questions over renewable energy

SYDNEY, Sept 29 (Reuters) - Power was restored to the state
of South Australia on Wednesday after storms a day earlier
caused an unprecedented statewide blackout which disrupted
operations at mining majors like BHP Billiton, closed
ports and halted public transport.

UPDATE 1-BHP Olympic Dam copper mine output shut after power outage

* Too early to determine need for force majeure

(Adds BHP comment, details)

S.Korea's Lotte Group says still intends to list Hotel Lotte

SEOUL, Sept 29 (Reuters) - South Korean conglomerate Lotte
Group, the subject of a wide-ranging corruption investigation,
is still intent on seeking an initial public offering for its
Hotel Lotte arm, but can only proceed with the plan after
prosecutors conclude their probe, a spokesman said on Thursday.

COLUMN-Now the hard work starts for OPEC's planned oil output cut: Russell

LAUNCESTON, Australia, Sept 29 (Reuters) - Under-promise and
then over-deliver is a well-worn tactic to boost one's fortunes,
with OPEC's somewhat woolly promise to cut crude oil output the
latest example of this strategy.

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