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UPDATE 1-Gazprom sees no need for Europe price war, no U.S. LNG threat

* Says better places to sell U.S. LNG than Europe

(Adds detail)

Libya oil guard says second town captured from Islamic State

BENGHAZI, Libya, May 31 (Reuters) - A force that controls
oil terminals in eastern Libya said on Tuesday it had gained
further ground against Islamic State, taking a second town in as
many days east of the militant group's stronghold o f Sirte.

Britain's FTSE index set to post fourth consecutive month of gains

* Alliance Trust rises on M&A news

(Adds detail and updates prices)

UPDATE 3-Brent crude lower on strong Middle East oil output

* Financial traders cut WTI short positions to 2016 lows

(Updates prices, adds OPEC SG candidate)

RPT-Dismay in oil Twitterverse upon popular U.S. crude trader's exit

So when one of the most widely followed oil traders on
Twitter abruptly closed his account last week, the outpouring of
dismay among his thousands of followers was rare for the
secretive multi-trillion dollar industry.

UPDATE 1-Scotiabank lifts provision for bad loans by 40 percent

* Net income C$1.86 billion vs C$1.8 billion a year earlier

(Recasts, adds details on increased provisions)

Russia's Rosatom completes upgrade of Bulgarian nuclear reactor

SOFIA, May 31 (Reuters) - Rusatom Service, part of Russian
state nuclear agency Rosatom, has completed an upgrade needed to
extend the life of one of the reactors at the Kozloduy nuclear
plant in Bulgaria, the company said on Tuesday.

UPDATE 1-Regulated power company Great Plains to buy Westar for $8.6 bln

May 31 (Reuters) - Great Plains Energy Inc, the
parent of regulated power utility Kansas City Power & Light,
will buy rival Westar Energy Inc for $8.6 billion in cash
and stock as it looks to gain scale to better compete in a
challenging market.

SE Asia Stocks-Flat to lower ahead of U.S. economic data

By Aparajita Saxena
May 31 (Reuters) - Southeast Asian stocks closed flat to
lower on Tuesday as investors waited for cues from U.S.
inflation and employment data due this week, the two most
important indicators for a "data-dependent" U.S. Federal
Reserve.
Investors will also be keeping a keen eye out for Fed Chair
Janet Yellen's speech in Philadelphia on Monday for clarity over

CORRECTED-SE Asia Stocks-Cautious ahead of U.S. econ data, Yellen's speech next week

(Corrects paragraph 1 to show U.S. inflation, jobs data due
this week, not next week)
By Aparajita Saxena
May 31 (Reuters) - Southeast Asian stocks were largely
cautious on Tuesday as investors waited for cues from U.S.
inflation and employment data this week, the two most important
indicators for a "data-dependent" U.S. Federal Reserve.
Investors will also be keeping a keen eye out for Fed chair

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