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Russia's oil output may drop 14 pct by 2020-2025 - Energy Ministry

MOSCOW, Feb 18 (Reuters) - Russia's oil output may drop to 460 million tonnes in 2020-2025 from last year's 534 million tonnes as oil prices stay low and oil firms cut capital expenditure, according to a "stress scenario" published by Russia's energy ministry.

Centrica earnings fall on energy price slump

LONDON, Feb 18 (Reuters) - Britain's largest energy utility, Centrica, reported a 4 percent fall in 2015 adjusted earnings per share (EPS) on Thursday and said it would cut 1,000 jobs this year as it struggles with weak energy prices.

German exports to Russia likely to drop 5 pct this year, trade body says

BERLIN, Feb 18 (Reuters) - German exports to Russia are likely to fall 5 percent this year after plummeting almost 30 percent in 2015 because of sanctions over the Ukraine conflict and low oil prices, the head of foreign trade at Germany's DIHK Chambers of Commerce said.

RPT-Head ruling heart - UK's pro-Europe chief plots hardest sale yet

LONDON, Feb 17 (Reuters) - Declaring "I'm a eurosceptic" may not be an obvious way to persuade Britons to stay in the European Union but as the leader of the 'In' campaign businessman Stuart Rose believes it is this pragmatism that will help him win the day.<

UPDATE 2-South32 considering buyout of Anglo American manganese unit

* South32's manganese stake valued last yr at $1.8 bln by RBC (Adds decision to resume production at Hotazel and closing share price)

OMV puts its cards on Russia for output growth by 2020

* OMV output to stay near 300 kboe/d without Russia, Yemen, Libya

UPDATE 1-China's Sinopec to shut four small oilfields at Shengli

* Sinopec says may reopen the oilfields based on market changes

Rising diesel demand in South Korea puts brakes on exports

SINGAPORE/SEOUL, Feb 18 (Reuters) - Rising demand for diesel in South Korea is slowing the pace of exports from one of Asia's top shippers of the fuel, offering a rare bright spot in a region where surplus supply has driven down refining margins.

Oil production in federal Gulf of Mexico projected to reach record high in 2017

(Thu, 18 Feb 2016) U.S. Gulf of Mexico (GOM) crude oil production is estimated to increase to record high levels in 2017, even as oil prices remain low. EIA projects GOM production will average 1.63 million barrels per day (b/d) in 2016 and 1.79 million b/d in 2017, reaching 1.91 million b/d in December 2017. GOM production is expected to account for 18% and 21% of total forecast U.S. crude oil production in 2016 and 2017, respectively.

Woodside CEO wary on timing, extent of any oil market recovery

MELBOURNE, Feb 18 (Reuters) - The world's oil market is likely to see a drop in supply over the next three to five years as cheap debt dries up and majors cut capital spending, but the timing of any recovery in prices is too difficult to call, Woodside Petroleum's CEO said.

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