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RPT-COLUMN-China's record fuel exports show changing economic dynamics: Russell

LAUNCESTON, Australia, Jan 15 (Reuters) - - Sort of lost among the attention given to China's record crude oil imports in December was the fact that the nation's exports of refined fuels also hit an all-time high.

RPT-Hedging its bets, Pioneer shines in struggling U.S. oil patch

NEW YORK, Jan 15 (Reuters) - During the U.S. shale boom, fortune favored the bold drillers that discovered and pumped oil fastest. Today the winners are producers like Pioneer Natural Resources who best shielded themselves from tumbling prices.

Brazil's Petrobras cancels plan to sell local-market bonds

RIO DE JANEIRO, Jan 15 (Reuters) - Brazil's state-led oil company Petroleo Brasileiro SA said on Friday it had canceled plans to sell as much as 3 billion reais ($744 million) of local-market bonds after being unable to sell the debt at rates acceptable to both the company and investors.

UPDATE 1-China's Xi to visit Saudi, Iran in new diplomacy push

BEIJING, Jan 15 (Reuters) - Chinese President Xi Jinping will make an unusual visit next week to Saudi Arabia and Iran, who are locked in a bitter dispute, in what could be a bid by Beijing to act as an "honest broker" as it seeks a greater regional diplomatic role.

COLUMN-U.S. freight volume falls for first time in almost three years: Kemp

* Freight and distillate consumption: http://tmsnrt.rs/1UTYZnQ

OPEC's oil basket price drops to $25 a barrel

DUBAI, Jan 15 (Reuters) - The average price for a basket of crudes from OPEC producers fell to $25 a barrel on Thursday, the group said, even before unrestrained exports from Iran hit the market.

China President Xi to visit Saudi Arabia, Egypt, Iran - Xinhua

BEIJING, Jan 15 (Reuters) - Chinese President Xi Jinping will visit Saudi Arabia, Egypt and Iran from Jan.

Top performing EM fund managers readying for tough 2016

LONDON, Jan 15 (Reuters) - Mutual funds investing in Korean, Russian and Chinese equities led the emerging market pack last year, but weak growth and high levels of market volatility are set to test top performing fund managers in 2016.

UPDATE 1-Kazakhstan prepares to cut spending in era of cheap oil

ALMATY, Jan 15 (Reuters) - Oil exporter Kazakhstan may have to cut public spending this year as well as its 2016 economic growth outlook as the price of crude declines, senior officials said on Friday, warning that oil may remain cheap for decades.

UPDATE 1-Iraqi force enters Basra to disarm tribal fighters - official, sources

BASRA, Iraq, Jan 15 (Reuters) - Iraq sent an armoured army division and a police strike force into the southern oil city of Basra to disarm residents amid intensified feuding between rival Shi'ite Muslim tribes, a local official and three security sources said on Friday.

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