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RPT-Russian oil output cuts: where there's a will there's a way

WEST SIBERIAN OIL FIELDS/MOSCOW, Jan 28 (Reuters) - Russia's oil industry has argued for years that it cannot cut output to support falling global prices for purely technical reasons; in reality it can - as long as it has the political will.

Australia shares end higher; slip 5.5 pct in January

SYDNEY, Jan 29 (Reuters) - Australian shares ended 0.6 percent higher on Friday in see-saw trade, after the Bank of Japan unexpectedly slashed its benchmark interest rate below zero and a rebound in Chinese stocks.

China coal giants to shut for Lunar New Year, cite sector slowdown

* Shenhua, China Coal Energy, Datong Coal, others sign declaration

Where’s the silver lining? Metals market airs concerns over global benchmark process

Regulation. Regulation. Regulation. Once again it is being blamed for the LBMA Silver Price settling around 6% below the spot price Jan 28. A matter of some contention across the market.

Miami meeting looks to Asia to help buoy demand for met coal

Metallurgical coal market traders and miners who met in Miami this week see Asia’s promise perking optimism after a run of price declines and bankruptcies.

Winter storm knocks out power for more than a million customers

(Fri, 29 Jan 2016) The severe winter storm that began Friday, January 22, and continued through Saturday, January 23, affected energy infrastructure throughout much of the eastern United States. Heavy snowfall, high winds, and ice knocked out power to more than one million customers in states from Arkansas to Massachusetts. According to the U.S.

UPDATE 2-Indonesia has not renewed Freeport copper export permit, talks ongoing

* Freeport says "everything is normal" at massive mine (Adds Freeport comment)

UPDATE 1-Oil extends rise on hopes of supply cuts to tackle glut

* Many analysts sceptical about OPEC-Russia meeting (Adds detail, updates prices)

Global Partners cuts workers, scraps crude at rail terminal

HOUSTON, Jan 28 (Reuters) - Global Partners LP has laid off 8 percent of its work force and aims to handle only ethanol, not crude, at its rail terminal in Oregon in response to the nearly 70 percent plunge in oil prices since mid-2014, the company said on Thursday.

Oil analysts say Russian talk of output cuts gives market 'false hope'

NEW YORK, Jan 28 (Reuters) - Oil market analysts on Thursday largely dismissed the possibility of coordinated production cuts by OPEC and Russia, saying the market's early positive reaction was based on false hope.

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