A subdued Asia-Pac session for the major oil....>

OIL: A subdued Asia-Pac session for the major oil benchmarks, with Brent & WTI

both printing ~$0.25 below their respective settlement levels at writing as the

majority of the major regional equity benchmarks edge lower, even as U.S. equity

index futures tick upwards.

- There was little in the way of tier 1 oil-specific headline flow over the

weekend. Total's Gonfreville Normandy refinery is experiencing production issues

after a contained fire at the facility. Elsewhere, all ports in the Libyan oil

crescent are closed owing to weather issues, with the situation expected to

improve within the next couple of days or so.

- Looking back to Friday, North Dakota's top oil and gas regulator suggested

that we should expect "slow to moderate" growth in Bakken oil production on the

back of the latest OPEC+ production deal.