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UPDATE 1-Tullow founder to step down as CEO, insider to replace him

* Founder Aidan Heavey to become chairman for maximum of 2
years

Greece wants to sell smaller stake in gas grid operator - paper

ATHENS, Jan 11 (Reuters) - Greece wants to keep a majority
stake in its gas grid operator DESFA and sell only a small
holding to investors after a previous plan to sell a 66 percent
stake collapsed, a Greek newspaper reported on Wednesday.

Demonetization to hold back India's 2017 fuel demand growth

SINGAPORE, Jan 11 (Reuters) - India's fuel demand growth is
expected to slow by as much as 40 percent in 2017 from last year
as a government-induced cash shortage hurts businesses, industry
and car sales.

Oil producer Tullow's COO McDade to be next CEO

LONDON, Jan 11 (Reuters) - Africa-focused oil producer
Tullow Oil said Chief Operating Officer Paul McDade will
be its next chief executive, replacing CEO and founder Aidan
Heavey who will become chairman.

UPDATE 1-As OPEC cuts, traders send European oil volumes to Asia

* Exports from North Sea, Azerbaijan to Asia hit record in
January

(Adds map, table, no change to text)

As OPEC cuts, traders send European oil volumes to Asia

* Exports from North Sea, Azerbaijan to Asia hit record in
January

New oil projects to double in 2017, WoodMac says

LONDON, Jan 11 (Reuters) - Oil and gas companies will
increase spending in 2017 and more than double new project
developments as they gain confidence that a two-year oil price
slump is behind them, consultancy Wood Mackenzie said.

UPDATE 2-China hikes anti-dumping duties on U.S. animal feed in final ruling

BEIJING, Jan 11 (Reuters) - China has increased punitive
tariffs on imports of a U.S. animal feed ingredient known as
distillers' dried grains (DDGS) from levels first proposed last
year, potentially escalating a trade spat between the world's
two largest economies.

Tillerson to face questions on Russian ties at confirmation hearing

WASHINGTON, Jan 11 (Reuters) - President-elect Donald
Trump's pick for secretary of state, Rex Tillerson, faces tough
questioning at his confirmation hearing on Wednesday over his
ties to Russian President Vladimir Putin as both Democrats and
Republicans worry about Moscow's increasingly aggressive
behavior.

Wholesale power prices in 2016 fell, reflecting lower natural gas prices

(Wed, 11 Jan 2017) Average wholesale electricity prices at major trading hubs across the United States during the first quarter of 2016 were significantly lower than during the same period in 2015, ranging from 24% lower in California to 64% lower in New England.

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