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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.

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.

CORRECTED-Iran crude exports on track to hit 9-month high in Jan -source

TOKYO, Jan 15 (Reuters) - Iran's crude oil exports are on target to hit a nine-month high in January as buyers prepare for the lifting of sanctions against the Middle Eastern country within days.

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.

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