Energy Update

HONG KONG, Aug 12 (Reuters) - The Philippines special envoy
to China, Fidel Ramos, said on Friday Manila wants formal
discussions with China to explore pathways to peace and
cooperation after a meeting with former Chinese deputy foreign
minister Fu Ying.

BEIJING, Aug 12 (Reuters) - China's July crude oil output
fell 8.1 percent from the same period a year ago to 16.72
million tonnes, data from the National Bureau of Statistics
showed on Friday.

BARCELONA, Aug 12 (Thomson Reuters Foundation) - A new $4
million fund aims to speed up the development of supply chains
for less polluting cookstoves in poor communities, by lending to
businesses that would otherwise struggle to finance their
growth, the Global Alliance for Clean Cookstoves said.

RIO DE JANEIRO, Aug 11 (Reuters) - State-led oil company
Petrobras reported second-quarter profit that fell by
nearly a third from a year earlier, missing analysts'
expectations as oil prices fell and it took charges for layoffs
and the impairment of a refinery.