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Denbury Resources' borrowing base cut by 30 pct to $1.05 bln

April 19 (Reuters) - Oil and gas producer Denbury Resources
Inc said its lenders reduced its borrowing base by 30
percent to $1.05 billion and that it had to pledge more assets.

COLUMN-Hedge funds bet on tightening oil market despite Doha debacle: Kemp

LONDON, April 19 (Reuters) - Brent futures prices are
signalling the market expects a rapid tightening of the
supply-demand balance in the second half of 2016.

UPDATE 1-Iran's oil output to reach pre-sanctions level by June, official says

DUBAI, April 19 (Reuters) - Iran's crude oil production will
reach pre-sanctions levels within two months, a deputy oil
minister was quoted as saying on Tuesday, a signal the OPEC
member might be willing to discuss an output freeze by the time
when the exporting group meets next.

Oman builds industrial outpost in desert to escape oil trap

DUQM, Oman, April 19 (Reuters) - On a stretch of barren
coast 550 km (345 miles) south of the capital Muscat, workers at
a ship repair yard swarm over cargo vessels from around the
world, labour that will help to determine Oman's fate in an era
of cheap oil.

Russia's Putin, Emir of Qatar discuss results of Doha meeting

MOSCOW, April 19 (Reuters) - Russian President Vladimir
Putin discussed the results of the Doha meeting of oil producing
nations with the Emir of Qatar, Sheikh Tamim bin Hamad al-Thani
on Tuesday, the Kremlin said.

Bangladesh plans to more than triple oil refining capacity

DHAKA, April 19 (Reuters) - Eastern Refinery Ltd (ERL),
which supplies around 40 percent of Bangladesh's fuel needs,
said it plans to more than triple its oil-processing capacity
with a 3.5 million tonne-a-year unit to help meet rising
domestic demand.

India's HPCL plans $3.8 bln refinery investment to lift capacity by two-thirds

* Mumbai refinery capacity to rise to 190,000 bpd by July
2019

Iran's crude output to reach pre-sanctions level by June, official says

DUBAI, April 19 (Reuters) - Iran's crude oil production will
reach pre-sanctions levels within two months, a deputy oil
minister was quoted as saying on Tuesday, reaffirming Tehran's
commitment to boosting production.

Glencore, Tohoku set coal contract, but benchmark fades

* Glencore, Tohoku set thermal coal price at $61.6/T
-sources

California governor, agencies face legal claims in gas blowout

LOS ANGELES, April 18 (Reuters) - Hundreds of Los Angeles
homeowners who live near the site of the worst U.S. methane leak
have filed claims against state regulators and the governor,
seeking $3.5 million each in damages for government failures
they blame for the gas blowout.

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