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IMF chief says not in Nigeria to negotiate loan, calls for wider revenue base

ABUJA, Jan 5 (Reuters) - International Monetary Fund chief Christine Lagarde said on Tuesday she was not in Nigeria to negotiate a loan and urged Africa's biggest economy to diversify its revenue to try and get out of an economic crisis fuelled by the fall in oil prices.

UPDATE 1-Islamic State militants target Libya's Es Sider oil port for second day

BENGHAZI, Libya, Jan 5 (Reuters) - Islamic State militants resumed shelling near the Libyan oil port of Es Sider on Tuesday and an oil storage tank in the port was hit by a long-range rocket causing a fire, a petroleum guards spokesman said.

Islamic State militants target Libya's Es Sider oil port for second day

BENGHAZI, Libya, Jan 5 (Reuters) - Islamic State militants resumed shelling near the Libyan oil port of Es Sider on Tuesday and an oil storage tank in the port was hit causing a fire, a petroleum guards spokesman and the National Oil Corporation said.

China insurance fund to invest in Russia's Yamal LNG

BEIJING, Jan 5 (Reuters) - More than 40 Chinese insurance companies and asset managers have jointly started an investment firm, raising 40 billion yuan ($6 billion) for a first fund to finance energy and infrastructure projects overseas, China's insurance regulator said.

Once too little, now too much? US oil pipelines, projects, production and prices

An overabundance of investment capital has driven a wedge between US midstream asset valuations and actual shipping demand for infrastructure, and the imbalance looks to only be getting more severe as time goes on.

Average annual natural gas spot price in 2015 was at lowest level since 1999

(Tue, 05 Jan 2016) Natural gas spot prices in 2015 at the Henry Hub in Louisiana, a national benchmark, averaged $2.61 per million British thermal unit (MMBtu), the lowest annual average level since 1999. Daily prices fell below $2/MMBtu this year for the first time since 2012.

WRAPUP 6-'We are not natural-born enemies of Iran,' Saudi UN envoy says

UNITED NATIONS/DUBAI, Jan 4 (Reuters) - Saudi Arabia said on Monday it would restore ties with Iran when Tehran stopped meddling in the affairs of other countries and pledged that Riyadh would continue to work "very hard" to support bids for peace in Syria and Yemen despite the spat.

Brazil's Lula summoned to testify in bribery case

BRASILIA, Jan 4 (Reuters) - Former Brazilian President Luiz Inacio Lula da Silva was summoned to testify as a witness for a lobbyist accused of paying bribes to alter legislation in favor of businesses, local media reported on Monday.

REFILE-UPDATE 1-Oil prices edge up after volatile session

TOKYO, Jan 5 (Reuters) - Oil prices edged up on Tuesday after a volatile session the previous day, with the impact of tension in the Middle East offset by worries over global economic growth.

Saudi says break in Iran ties will not harm Syria, Yemen peace push

UNITED NATIONS, Jan 4 (Reuters) - Saudi Arabia's decision to break off diplomatic ties with Iran will not affect its own efforts to secure peace in Syria and Yemen, the kingdom's ambassador to the United Nations, Abdallah Al-Mouallimi, said on Monday.

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