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UPDATE 1-Mitsui to record first annual loss on writedowns on copper, LNG assets

* Sees Y70 bln loss in FY15/16, vs prior f'cast of Y190 bln profit

Scramble for oil storage extends, suggesting excess has room to run

LONDON, March 23 (Reuters) - Trading houses are betting on oil markets remaining oversupplied for at least two more years even as crude prices stage a recovery driven by early signs of falling production.

Mitsui sees around $620 mln annual loss on writedowns on copper, LNG assets

TOKYO, March 23 (Reuters) - Japanese trading firm Mitsui & Co said on Wednesday it expected a net loss of 70 billion yen ($623 million) for the business year to March 31, against an earlier forecast for a profit of 190 billion yen, hit by hefty one-off losses in its copper and other resource assets.

UPDATE 3-Woodside scraps Australian Browse LNG project as glut bites

* Partner Mitsui books $356 mln impairment (Adds Mitsui impairment)

Indonesia decides against Inpex floating LNG project plan, goes with onshore proposal -president

JAKARTA, March 23 (Reuters) - Indonesia has decided against a proposal by Japanese oil and gas company Inpex Corp to build a floating liquefied natural gas project in eastern Indonesia and will proceed with plans to process the gas onshore instead, the president said on Wednesday.

Fuss over "missing" 800,000 barrels: 'Get over it,' says IEA official

Has the hoo-ha over 800,000 "missing barrels", flagged by the IEA, gone too far? Platts Vandana Hari investigates.

In oil rout, some US energy bosses were spared the pain

BOSTON/NEW YORK, March 23 (Reuters) - More cash, lower targets and bigger share awards - not all U.S.

RPT-In oil rout, some US energy bosses were spared the pain

BOSTON/NEW YORK, March 23 (Reuters) - More cash, lower targets and bigger share awards - not all U.S.

Big Corn finds unlikely allies in US biofuel push: carmakers and drivers

NEW YORK, March 23 (Reuters) - U.S. corn producers may have found two unlikely allies in their decade-long battle with big oil to get ethanol into the nation's fuel stream: automobile manufacturers and American drivers.

Wind adds the most electric generation capacity in 2015, followed by natural gas and solar

(Wed, 23 Mar 2016) Wind, natural gas, and solar made up almost all new electric generation capacity in 2015, accounting for 41%, 30%, and 26% of total additions, respectively, according to preliminary data. The data also show a record amount of distributed solar photovoltaic capacity was added on rooftops throughout the country in 2015. The trend of wind, natural gas, and solar additions making up most new capacity is likely to continue in 2016.

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