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Saudi foreign minister says "we will maintain our oil market share"

PARIS, March 5 (Reuters) - Saudi Arabia will maintain its oil market share and the idea that it would cut production, while other countries increase it is "not a realistic one," Saudi Foreign Minister Adel al-Jubeir said on Saturday.

UPDATE 1-Iran eyes 2016 economic growth above 5 pct after sanctions lifted

DUBAI, March 5 (Reuters) - Iran expects economic growth of more than 5 percent in 2016, its central bank's governor said on Saturday, after emerging from years of isolation and crippling international sanctions over the country's nuclear programme.

Chesapeake's McClendon to be honored in Oklahoma waterfront ceremony

OKLAHOMA CITY, March 5 (Reuters) - Friends, family and employees of Aubrey McClendon will gather on Oklahoma City's riverfront on Saturday to pay respects to the U.S. energy entrepreneur, a hometown hero who died this week in a car crash, a day after his indictment on bid-rigging charges.

Moody's warning highlights pressure on Russia to adapt to lower oil

MOSCOW, March 5 (Reuters) - Russia needs to adapt its budget to lower oil prices, Finance Minister Anton Siluanov said on Saturday after credit rating agency Moody's Investors Service warned Moscow it might downgrade the country's sovereign debt rating further into junk territory.

Iran expects economic growth above 5 pct in 2016

DUBAI, March 5 (Reuters) - Iran expects economic growth of more than 5 percent in 2016 after the lifting of sanctions on the country, state television quoted the central bank governor on Saturday as saying.

Iran oil and gas condensate exports to reach 2m bpd by end March - Shana

DUBAI, March 5 (Reuters) - Iran's oil and gas condensate exports would reach 2 million barrels per day by the end of March, director of international affairs at National Iranian Oil Co (NIOC) was quoted as saying by the oil ministry's news agency SHANA on Saturday.

Moody's cuts outlooks for four Gulf states, lowers Bahrain to junk

DUBAI, March 5 (Reuters) - Moody's Investors Service has cut its outlook for the debt ratings of Saudi Arabia and three other Gulf states while lowering Bahrain's rating to junk, citing concern over the impact of low oil prices on their finances.

UPDATE 1-China sets cap for energy consumption for first time

* China to keep 2020 energy consumption to 5 bln T standard coal

China sets cap for energy consumption for first time

BEIJING, March 5 (Reuters) - China aims to keep energy consumption within 5 billion tonnes of standard coal equivalent by 2020, it said in its latest five-year plan published on Saturday, marking the first time the world's second-biggest economy has set such a target.

China says to control expansion of coal output and coal-fired power

BEIJING, March 5 (Reuters) - China will limit coal production and coal-fired power generation capacity this year, and keep total energy consumption under control, the country's top economic planner said in a work report at the opening of the annual meeting of parliament.

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