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Exxon Mobil Corp Chief Executive Officer Rex Tillerson emerged on Friday as President-elect Donald Trump's leading candidate for U.S. secretary of state, a senior transition official said. Trump appears to be in the final days of deliberations over his top diplomat with an announcement possible next week. Tillerson's favored status was revealed as former New York Mayor Rudy Giuliani formally withdrew from consideration for secretary of state.
Russia and Saudi Arabia said they expect OPEC and non-OPEC producers to reach an agreement on Saturday to curtail oil output and prop up prices in the first such joint move since 2001. Everything is good!" Khalid al-Falih, energy minister of OPEC's de facto leader and top oil exporter Saudi Arabia, told reporters. OPEC Secretary-General Mohammed Barkindo said he expected 12 non-OPEC countries to sign a declaration with the organisation and fully contribute to cuts of 600,000 bpd or more.