Energy Update

BEIJING, Feb 17 (Reuters) - China's state-owned Sinopec will shut four oilfields this year at Shengli in the eastern province of Shandong, a company newspaper said late on Tuesday, as low global oil prices take a toll on output of the country's ageing fields.

* GRAPHIC-Global crude output: http://tmsnrt.rs/1Wpx5Rc (Adds time of talks, Qatar attending, UAE and Kuwait comments)

PALO ALTO, Calif., Feb 17 (Reuters) - Negotiations between the United States and India to resolve a solar power trade dispute are continuing with no clear end in sight, the top U.S. trade official said on Tuesday, signaling another likely delay in a World Trade Organization public ruling in the case.

(Wed, 17 Feb 2016) EIA's weekly survey of diesel prices shows that the U.S. average retail price for on-highway diesel fuel was $1.98 per gallon (gal) on February 15, falling below $2/gal for the first time since February 14, 2005. The U.S. average retail diesel price had last approached, but not gone below, the $2.00 mark in early 2009. Falling diesel prices reflect both decreasing crude oil prices and increasing inventories of crude oil and refined products.