Energy Update

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JAKARTA, March 7 (Reuters) - Indonesia's OPEC governor said on Monday a deal was imminent for importing Iranian condensate and liquefied petroleum gas, but not for crude oil.

March 7 (Reuters) - Oil exports from northern Iraq fell by almost half to an average of 350,067 barrels per day (bpd) in February as a result of an ongoing outage of the pipeline to Turkey, the Kurdistan region's Ministry of Natural Resources said on Monday.

** Oil producer Premier Oil up 17 pct & top gainer on Stoxx small-cap market

* But China climate change envoy says emissions have not peaked

MILAN, March 6 (Reuters) - Russia's Gazprom is counting on its deep natural gas ties with Italy to revive plans aimed at bypassing Ukraine as a transit state for politically sensitive gas shipments to Europe.

DUBAI, March 7 (Reuters) - Iran's sales of crude oil will reach 2 million barrels a day "soon", the economy minister was quoted as saying on Monday, as the Islamic Republic boosts output after sanctions were lifted in January.

Two of the biggest names in the oil industry believe that the wounds inflicted by cratering crude prices will heal slowly.

Platts 62% Fe IODEX jumped a whopping $10.70/dry mt (or 20%), its largest daily hike ever, to reach $64.20/mt.

(Mon, 07 Mar 2016) The United States remains a net exporter of coal, exporting 74.0 million short tons (MMst) and importing 11 MMst in 2015. Coal exports fell for the third consecutive year in 2015, ending the year 23 MMst lower than in 2014 and more than 50 MMst less than the record volume of coal exported in 2012. Slower growth in world coal demand, lower international coal prices, and higher coal output in other coal-exporting countries contributed to the decline in U.S. coal exports.

* U.S. rig count down for 11th straight week to lowest since 2009

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