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Trafigura annual net profit edges up to $1.1 bln

LONDON, Dec 14 (Reuters) - Commodities trading firm Trafigura reported on Monday an increase in annual net profits as it traded more oil and metals.

Iran crude exports on track to hit 6-month high in Dec -source

TOKYO, Dec 14 (Reuters) - Iran's crude oil exports are set to hit a six-month high in December as buyers ramp up purchases in expectation that sanctions against the country will be lifted early next year.

Shell says China clears merger with BG

BEIJING, Dec 14 (Reuters) - China has given unconditional clearance to a proposed merger between Royal Dutch Shell and BG Group, clearing the final key regulatory hurdle for the $70-billion tie-up, Shell said on Monday.

With oil hedges rolling off, US shale producers face stiff test

NEW YORK, Dec 14 (Reuters) - Cash-strapped U.S.

RPT-With oil hedges rolling off, US shale producers face stiff test

NEW YORK, Dec 14 (Reuters) - Cash-strapped U.S. shale oil producers are facing another sharp sell-off in a 18-month-old crude slump with reduced hedging protection, risking a severe hit to earnings if prices fail to recover.

China's Sinopec building filling station in disputed South China Sea

BEIJING, Dec 14 (Reuters) - Chinese oil major Sinopec is building a filling station on an island in the South China Sea, as China continues to expand its civilian infrastructure in the disputed waterway, entrenching its reach in the maritime heart of Southeast Asia.

Nigerian crude no longer the 'talk of the town'

“It is a buyer’s market.” This phrase is omnipresent on most oil trader’s lips these days, and none typifies this better than the current state of the Nigerian crude oil market.

Four countries added to global shale oil and natural gas resource assessment

(Mon, 14 Dec 2015) EIA continues to expand its assessment of technically recoverable shale oil and shale gas resources around the world. The addition of four countries?Chad, Kazakhstan, Oman, and the United Arab Emirates (UAE)?to a previous assessment covering 42 countries has resulted in a 13% increase in the global assessed total resource estimate for shale oil and a 4% increase for shale gas.

UPDATE 1-Australia's Independence Group sees high-cost nickel miners exiting

* Independence CEO says own mine low cost (Adds Independence, Glencore quotes, price forecast)

COLUMN-Climate deal may be terminal for coal, but death will be lingering: Russell

LAUNCESTON, Australia, Dec 14 (Reuters) - It's tempting to take the champagne-fuelled view that the historic global climate agreement reached in Paris signals the death of coal, but even if the dirty fuel is terminal, it will be a long, lingering demise before the final hacking cough.

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