Bahrain, Oman reduced govt subsidies for gasoline.
China govt to tighten hold over domestic gasoline, other oil products prices when oil under $40.
Sinopec bought 1st-ever US oil. China forecasted to become world's largest oil importer this year (replacing US).
LNG demand from Asia down in '15. Prices now under $7/MBTU. Global production up 1.6% in '15.
Venezuela econ down 7.1% in most recent quarter, inflation now running 141%.
Canada oil sands bitumen hit $8.35/bl last week.
US oil rig count down 1 last week. NG rigs down 13.
N Am oil/gas producers losing near $2B/wk: Alix Partners.
US coal production on Fed lands ~40% of US production.
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