*TRUMP SAID TO PICK TILLERSON ( AS SECRETARY OF STATE): NBC NEWS
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Exxon Mobil Corp. Chief Executive Officer Rex Tillerson has emerged as the leading candidate for secretary of state in President-elect Donald Trump’s administration, according to two people familiar with the matter.
Mitt Romney, who was the 2012 Republican nominee for president and a critic of Trump during this year’s campaign, remains on the short list of candidates, according to the people, who has asked for anonymity because the discussions are private. Trump has said he will make an announcement next week. – Bloomberg
*SAUDI MINISTER SAYS COUNTRY TO CUT BELOW LEVEL AGREED WITH OPEC
*IRAN OIL MINISTER SAYS NON-OPEC WILL CUT BY ABOUT 600K B/D
*SAUDI CUT BELOW 10 MLN B/D WOULD BE LOWEST SINCE FEB. 2015
*SAUDI ARABIA’S FALIH: POSSIBLE THAT DEAL MAY END IN MID-2017
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Khalid Al-Falih says at press conference in Vienna that country will cut substantially from Jan. 1.
Saudi Arabia agreed to production limit of 10.058 mln bld,
a cut of 486,000 b/d from Oct. levels.Russia and several other non-OPEC nations pledged to curb oil production next year at a meeting in Vienna, joining forces with the Organization of Petroleum Exporting Countries to end a global glut that’s crashed oil prices and shaken energy-rich economies.
The pact — the first between the two sides in 15 years — involves a reduction of 558,000 barrels a day from non-OPEC countries starting in January, Iraq Oil Minister Jabbar Al-Luaibi said on Saturday after the meeting ended.
The agreement represents the strongest effort yet by oil-rich countries, from giants such as Saudi Arabia and Russia to tiny producers including Bolivia and Equatorial Guinea, to end a market share war that has shaken investors, hit energy companies and damaged economies. – Bloomberg
