Energy Update

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* China also to boost state support for shifting capacity
overseas

OSLO, April 21 (Reuters) - Fertiliser maker Yara
International on Thursday reported stronger than
expected first-quarter earnings and said lower energy costs in
the next two quarters would help its performance, sending its
shares up.

JAKARTA, April 21 (Reuters) - Indonesia fears piracy on a
busy shipping route along its maritime border with the
Philippines could hit levels seen in Somalia unless security is
tightened, the chief security minister said on Thursday,
following a spate of kidnappings.

* Iran re-iterates plans to regain post-sanctions market
share

April 21 (Reuters) - Global mining company Anglo American
Plc said first-quarter production at most of its units fell, or
remained flat, as it cut production, sold assets, and
reconfigured mines to cope with the slump in commodities prices.

BEIJING, April 21 (Reuters) - China will strictly control
credit available for new capacity additions in the steel and
coal sectors, both of which are suffering from price sapping
supply gluts, according to a government statement issued on
Thursday.

* BHP to reach 290 mln T iron ore capacity "quite quickly"

(Adds BHP executive's comments)

April 21 (Reuters) - Global mining company Anglo American
Plc said iron ore production at its Kumba Iron Ore Ltd
unit fell 27 percent in the first quarter as the mine
moves to a lower-cost pit configuration.

LONDON, April 20 (Reuters) - Global refining margins have
improved significantly in recent weeks which should support
strong demand for crude and lend some strength to both spot
prices and spreads in the short term.

AMSTERDAM, April 21 (Reuters) - Dutch engineering firm
Arcadis said on Thursday an internal investigation
into its role in a Brazilian water management project had found
no evidence of any wrongdoing.

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