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UPDATE 1-Oil rises on Libyan supply disruptions, likely OPEC output cut extension

*OPEC- led production cut expected to be extended into H2 2017. SINGAPORE, March 29- Oil prices on Wednesday extended gains from the previous session, lifted by supply disruptions in Libya and expectations that an OPEC- led output reduction will be extended into the second half of the year. In the United States, West Texas Intermediate crude futures were up 34 cents,...

Source: Reuters

REFILE-Italian police disrupt protest to prevent olive grove removal

BARI/ MILAN, March 28- Italian police broke up a protest by environmentalists trying to prevent the removal of a grove of olive trees dating back centuries standing in the way of a $40 billion pipeline to bring Asian gas to Europe. The trees, including some more than 100 years old, are in the path of the Trans Adriatic Pipeline, the final stage of the so-called southern...

Source: Reuters

Asia's coal markets tighten on Indonesia port probe, Australian cyclone

*North Asia demand strong as Asia/Pacific output stalls. *North Asia sucks in coal from as far away as U.S., Colombia. SINGAPORE, March 29- Port disruptions in Indonesia and a cyclone hitting mines in Australia have tightened Asia's coal markets in March, while demand in China and other key import markets remains strong, lifting prices.

Source: Reuters

INTERVIEW-BP to sell more refineries and sharpen focus on retail outlets

*Targets $3 bln boost to free cashflow by 2021. LONDON, March 29- BP plans to sell more refineries without investing in new plants despite growing oil production and will focus on modernizing existing operations while expanding its network of filling stations to generate $3 billion in additional cash. Refining of crude oil into fuels such as gasoline, diesel and...

Source: Reuters

ANALYSIS-After six decades, U.S. set to turn natgas exporter amid LNG boom

March 29- The last time the United States was a net exporter of natural gas was in 1957, when Dwight Eisenhower was president. Six bcfd of gas can fuel about 30 million U.S. homes, or almost every house in California, Texas and Florida combined. Just a decade ago, before the shale revolution, the United States was expected to become a growing LNG importer, not an exporter,...

Source: Reuters

Troubled California oil refinery puts PBF's turnaround skills to the test

HOUSTON, March 29- An aging California refinery is testing PBF Energy Inc's reputation as a turnaround whiz, with mounting production woes and costly repairs at the 88- year-old plant throwing a wrench into efforts to quickly revive profits. This week, the company lowered its estimate of first-quarter crude throughput at Torrance by 16 percent.

Source: Reuters

Oil rises on Libyan supply disruptions, likely OPEC output cut extension

Oil prices on Wednesday extended gains from the previous session, lifted by supply disruptions in Libya.

Source: Reuters

Oil rises on Libyan supply disruptions, likely OPEC output cut extension

*OPEC- led production cut expected to be extended into H2 2017. SINGAPORE, March 29- Oil prices on Wednesday extended gains from the previous session, lifted by supply disruptions in Libya and expectations that an OPEC- led output reduction will be extended into the second half of the year. In the United States, West Texas Intermediate crude futures were up 20 cents...

Source: Reuters

GRAINS-Soybeans hold near 5-month low on supply concerns

SYDNEY, March 29- U.S. soybeans edged lower on Wednesday as expectations for increased plantings in North America, along with already ample global supplies, kept the oilseed tethered near a five-month low. *The most active soybean futures on the Chicago Board Of Trade fell 0.1 percent to $9.70-3/ 4 a bushel, having closed little changed in the previous session.

Source: Reuters

RPT-COLUMN-Goldman takes on the Brent spreads: Kemp

LONDON, March 28- Progress towards oil-market rebalancing and the need for an extension of production cuts by OPEC and non- OPEC countries has become the most contentious issue in the oil market. Goldman expects oil stocks in the OECD to fall to the five-year average in terms of demand cover by the end of 2017, even if OPEC brings production back on line in the...

Source: Reuters