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UPDATE 1-Brazil's Petrobras says to save $9 bln with voluntary layoffs

BRASILIA, April 1 (Reuters) - Executives of Brazil's state-run oil producer Petroleo Brasileiro SA approved a voluntary layoff program to cut about 12,000 jobs and save 33 billion reais ($9.20 billion) by 2020, the company said in a statement on Friday.

Geologist tipped as Iraq's oil minister may facilitate deal with Kurds

ERBIL, Iraq, April 1 (Reuters) - The man nominated to be Iraq's new oil minister is a Kurdish petroleum geologist who could end a bitter dispute with the northern self-rule region and free up more oil exports through a pipeline to Turkey.

UPDATE 2-Monaco raids Unaoil offices over global oil corruption probe

* Report links oil companies to corrupt practices (Adds Serious Fraud Office, Eni comment)

MOU introduces a new twist to the story of London's gold market

London, the traditional home/hub of the world’s gold trade, could be slowly losing its grip on power as more and more of the world’s physical gold moves from London’s vaults to Asia.

RPT-As US shale drillers suffer, even the bankrupt keep pumping oil

April 1 (Reuters) - As oil prices nosedived by two-thirds since 2014, a belief took hold in global energy markets that for prices to recover, many U.S.

UPDATE 1-Drax sees 2016 profit at top end of forecasts on National Grid deal

April 1 (Reuters) - Drax Group Plc said it expects core profit for 2016 to be towards the top end of market forecasts, after it signed a contract with National Grid Plc to provide services that would help ensure British electricity transmission systems work reliably.

Appaloosa raises stake in SunEdison unit TerraForm Power

April 1 (Reuters) - Hedge fund Appaloosa LP said on Friday it owned a 10.88 percent stake in TerraForm Power Inc, one of the two publicly listed units of struggling solar company SunEdison Inc.

Indonesia court stymies StanChart effort to claw back coal loan

JAKARTA, April 1(Reuters) - Standard Chartered, struggling to recoup a $1 billion loan extended to one of Indonesia's richest men, has hit fresh trouble after a Jakarta court excluded it from a key creditor list and raised doubts over the validity of the underlying deal.

Belarus State Attitude Toward Renewable Energy Projects Changes

Cooperation of authorities and potential investors in alternative energy segment in Belarus has had a very low level of efficiency, since over recent years in the country signed investment agreements for numerous projects have reached a total funding of US$ 20 billion, while actual implemented projects have only reached US$ 2 billion, Vladimir Nistsyuk, head of the country’s association for renewable energy, said.

China's grain reforms to boost depressed corn processing industry

BEIJING, April 1 (Reuters) - China's plan to let the market set corn prices is bad news for international grain exporters, but should boost the country's struggling corn processors that use the grain in products ranging from food additives to paper and textiles.

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