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UPDATE 9-Oil plunges below $29 on prospects of more Iranian crude, China worries

* Iran sanctions could be lifted within days (Updates prices)

IAEA report on Iran's compliance with nuclear deal likely on Jan. 16-source

VIENNA, Jan 15 (Reuters) - An IAEA report verifying whether Iran has kept its promises under a nuclear deal Tehran reached last year with world powers is likely to be issued on Saturday, paving the way for sanctions relief, a diplomatic source said on Friday.

U.S. sees jump in cyber attacks on critical manufacturers

Jan 15 (Reuters) - U.S. Department of Homeland Security investigations of cyber attacks on the nation's critical manufacturing sector nearly doubled in the year ended Sept.

White House: IAEA report on Iran nuclear deal is more than technicality

WASHINGTON, Jan 15 (Reuters) - The White House on Friday said it will rely on international experts to ensure that Iran is living up to its commitments to curtail its nuclear program.

COLUMN-U.S. manufacturing stalls, cutting fuel consumption: Kemp

LONDON, Jan 15 (Reuters) - Excess inventories at every stage along the supply chain are weighing down business activity as well as depressing freight demand and diesel consumption in the United States.

Poland says Nord Stream 2 Russia gas link politically motivated

WARSAW, Jan 15 (Reuters) - The plan to build a new gas pipeline linking Russia with Germany is politically motivated and will deepen European Union's reliance on gas deliveries from Russia, the Polish energy minister said on Friday.

National Lab Study Seeks Best Biocatalysts for Biofuel Production

A new comparative study from the Oak Ridge National Laboratory-based BioEnergy Science Center has found that the natural abilities of unconventional bacteria could help boost the efficiency of cellulosic biofuel production.

White House says Iran's progress on nuclear deal must be verified

WASHINGTON, Jan 15 (Reuters) - Iran has made important progress in its effort to implement the international agreement to curtail its nuclear program, but its actions must still be independently verified, the White House said on Friday.

Oil outlook 2016: Collapsing crude, the return of Iran and deeper capex cuts

With crude prices falling a further 17% since the start of 2016, Platts editors gather to look at the big trends, themes and issues for the year ahead. They discuss whether the incredible change in the spread between the WTI and Dated Brent crude benchmarks has become the 'new normal'; how, amid unrelenting OPEC output and oversupplied markets, the expected fall in US crude shale oil production may be offset by the return of Iranian oil.

UPDATE 2-Russian Economy Ministry draft sees economy shrinking in 2016 -sources

MOSCOW, Jan 15 (Reuters) - Russia's Economy Ministry has changed its 2016 forecast to predict an economic contraction rather than slight growth and has lowered its average oil price assumption to $40 per barrel, a draft document showed on Friday.

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