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Strikes reduce French power output, outages in some areas - CGT

PARIS, June 2 (Reuters) - French nuclear power output fell
by over 2,400 megawatts (MW) on Thursday, causing a few local
blackouts, the CGT union said, after workers at utility EDF
joined a nationwide rolling strike against a government
plan to reform labour laws.

Even for BP and Shell, North Sea remains a hard sell

LONDON, June 2 (Reuters) - When it comes to the North Sea,
there is no such thing as an easy sale, even for oil giants
Royal Dutch Shell and BP.

Joy Global revenue plunges 25.7 pct

June 2 (Reuters) - Mining equipment maker Joy Global Inc
reported a 25.7 percent slump in quarterly revenue, hurt
by continued spending cuts by its customers amid a commodities
rout.

Saudi's Falih says OPEC has role in oil market management - Argus

VIENNA, June 2 (Reuters) - OPEC still has a role in managing
oil markets such as responding to short-lived supply
disruptions, Saudi Energy Minister Khalid al-Falih told Argus
Media in an interview.

UPDATE 2-Indonesia plans capital injection for state firms, cuts spending

* Fiscal deficit to widen to 2.48 pct of GDP from 2.15 pct

(Adds budget details)

UPDATE 2-Russian oil output falls slightly in May to 10.83 mln bpd

* Russia's May output slightly down
* Ready to discuss output freeze if united OPEC backs
it-deputy PM
* Russia launches new fields in 2016

Saudi energy minister: we won't shock the market

VIENNA, June 2 (Reuters) - Saudi Arabia's Energy Minister
Khalid al-Falih said on Thursday the kingdom will not shock the
oil market and will take a "gentle" approach as it wants
long-term stability.

Libya says doubts there will be an OPEC oil output ceiling

VIENNA, June 2 (Reuters) - Libya's Deputy Prime Minister
Musa Al-Koni said on Thursday he thought there would by no
agreement for an OPEC oil output ceiling.

OPEC deal on oil output ceiling seen tough due to Iran - sources

VIENNA, June 2 (Reuters) - A deal for OPEC to set a new
ceiling on oil output looks unlikely as Iran is taking a tough
position, two OPEC sources said on Thursday.

UPDATE 1-Saudi, Iran set to clash over OPEC oil output targets

* Venezuela warns of price downside when outages ease

(Adds UAE minister, analyst)

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