A couple of oil and gas stories worth noting this morning: With OPEC members meeting in Kuwait this weekend to review production, Russia is hunkering down for “years” of oil at USD 40 / bbl, reports Bloomberg. Meanwhile, Turkey and Cyprus are in a spat over offshore oil and gas exploration, with Cyprus saying on Friday “it won't give up a search for oil and gas off its shores despite a call to stop by Turkey which warned that it would ‘take all necessary measures to protect its interests’ in the eastern Mediterranean,” according to an Associated Press piece picked up by CNBC.

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