Energy Update

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LAUNCESTON, Australia, Feb 8 (Reuters) - - One of the dominant themes in Asia's oil products markets is the rise of Chinese fuel exports, so much so that the decline in shipments from India barely gets mentioned.

LONDON, Feb 8 (Reuters) - The global economy is being hit by a slowdown in growth, large swings in exchange rates and tumbling commodity prices.

DUBAI, Feb 8 (Reuters) - Iran holds a stake in a refinery project in Malaysia and is considering taking stakes in projects in five other countries, the managing director of the National Iranian Oil Engineering and Construction Company (NIOEC) was quoted as saying on Monday.

Feb 8 (Reuters) - Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, suspended its dividend after swinging to a quarterly loss as it wrote down the value of nine drilling units by nearly half a billion dollars.

DHAKA, Feb 8 (Reuters) - Bangladesh Petroleum Corp (BPC) will sell 170,000 barrels of naphtha to Japanese trading firm Itochu at a discount of $1.19 to Singapore quotes, the lowest price since November 2014.

LONDON, Feb 8 (Reuters) - RWE's British unit npower plans to reduce domestic gas prices by an average of 5.2 percent from March 28, the company said on Monday.

CAPE TOWN, Feb 8 (Reuters) - Anglo American's chief executive said on Monday the mining industry had itself to blame for oversupply in the market and cannot rely on a reversal of the commodities price slump anytime soon.

* Saudi, Venezuela meet ends with few signs of price boost (Updates prices)

* Companies seek to safeguard growth for when market recovers

LAUNCESTON, Australia, Feb 8 (Reuters) - - One of the dominant themes in Asia's oil products markets is the rise of Chinese fuel exports, so much so that the decline in shipments from India barely gets mentioned.

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