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Russia's Lukoil leaving projects in Ivory Coast - Interfax

MOSCOW, Jan 15 (Reuters) - Russia's second-largest oil producer Lukoil is leaving projects in Ivory Coast, Interfax news agency reported on Friday, citing a source.

UPDATE 1-Russia says coordinated oil output cuts with OPEC unlikely

MOSCOW, Jan 15 (Reuters) - Russian Energy Minister Alexander Novak said on Friday coordinated oil production cuts with OPEC to support falling oil prices were unlikely and would be inefficient if they did happen anyway.

India's 2015 imports of African oil highest in at least 5 yrs -trade data

NEW DELHI, Jan 15 (Reuters) - Indian refiners boosted imports of African crude oil in 2015 to the highest in at least five years and slightly cut their intake from Latin America as refiners benefited from changing global oil flows caused by surplus supply.

UPDATE 1-Russia's PM calls for spending cuts, says budget faces "serious risks"

MOSCOW, Jan 15 (Reuters) - Russian Prime Minister Dmitry Medvedev has ordered the government to decide which spending could be significantly cut, saying on Friday that a dramatic fall in oil prices was creating serious risks for the budget.

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.

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