Energy Update

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KATOWICE, Poland, Feb 4 (Reuters) - Polish coal miner Kompania Weglowa (KW), beset by low coal prices and rising labour costs, warned on Thursday it needs fresh capital by the end of April or it will again face liquidity problems.

DUBAI, Feb 4 (Reuters) - Venezuelan Oil Minister Eulogio del Pino, on a tour of oil producers to lobby for action to prop up prices, said on Thursday he had a "good and productive" meeting with his Qatari counterpart.

With more intermittent generation, fast-responding energy storage is becoming essential to maintaining grid reliability. PJM Interconnection was the first system operator in the U.S. to take advantage of FERC Order 755, which recognizes the value provided by resources that deliver fast-responding and accurate frequency regulation service.

LONDON, Feb 4 (Reuters) - If the bond market is to be believed, the world is heading for recession.

MOSCOW, Feb 4 (Reuters) - Iran has been discussing possible oil sales to top Russian crude oil producer Rosneft, Kremlin-controlled RIA news agency cited Ali Akbar Velayati, top adviser to Iran's Supreme Leader Ayatollah Ali Khamenei, as saying in Moscow on Thursday. (Writing by Vladimir Soldatkin; Editing by Jack Stubbs)

MOSCOW, Feb 4 (Reuters) - A top official at Russian gas giant Gazprom played down the prospect of deliberate price cuts in the face of an expected influx of alternative fuels on Thursday.

LONDON, Feb 4 (Reuters) - Gold and zinc surged to their highest in over three months on Thursday, buoyed by a tumble in the dollar, while oil failed to build on sizzling gains in the previous session as doubts grew about whether producers would agree to cut output.

Feb 4 (Reuters) - Power producer Duke Energy Corp said it was looking to sell all or part of its international unit, a year after the company reviewed the business and decided to stick with it.

* Shares fall 4 pct in light premarket trading (Adds details on production, CEO comment)

Feb 4 (Reuters) - Occidental Petroleum Corp said its 2016 capital budget was expected to be not more than $3 billion, nearly half its 2015 levels, and reported a bigger-than-expected loss for the fourth quarter.

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