(Adds latest prices) Jan 29 (Reuters) - U.S. natural gas futures ended up more than 5 percent on Friday in a short covering rally on forecasts for colder weather through the middle of February that should boost heating demand. After trading within a few cents of unchanged for eight straight days, front-month gas futures on the New York Mercantile Exchange closed up 11.6 cents, or 5.3 percent, at $2.298 per million British thermal units.
NEW YORK, Jan 29 (Reuters) - U.S. crude oil production fell for a second month in November due to a drop offshore, but higher output from the biggest shale states highlighted the industry's surprising resilience.
ERBIL, Iraq, Jan 29 (Reuters) - A pipeline for gas used to generate around half the electricity in Iraq's northern Kurdistan region was blown up on Friday, knocking out power, a police chief and electricity official told Reuters.
(Adds basin details) Jan 29 (Reuters) - U.S. energy firms cut oil rigs for the sixth straight week, data showed on Friday, and were expected to shed more with major U.S. shale oil companies slashing spending plans after crude prices hit 12-year lows. Drillers removed 12 oil rigs in the week ended Jan. 29, bringing the rig count down to 498, the least since March 2010, oil services company Baker Hughes Inc said. That compares with 1,223 rigs in same week a year ago.
Jan 29 (Reuters) - U.S. energy firms cut oil rigs for the sixth straight week, data showed on Friday, and were expected to shed more in coming weeks with three major U.S. shale oil companies slashing their spending plans after crude prices hit 12-year lows. Drillers removed 12 oil rigs in the week ended Jan. 29, bringing the rig count down to 498, the least since March 2010, oil services company Baker Hughes Inc said in its closely followed report.
CARACAS, Jan 29 (Reuters) - Venezuela's Oil Minister Eulogio del Pino will visit Russia on a tour beginning on Saturday of OPEC and non-OPEC countries intended to drum up support for action to stem the tumble in crude prices, the government said.
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