Energy Update

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Jan 19 (Reuters) - Unseasonably warm weather and rising supply will keep the crude oil market oversupplied until at least late 2016 and could push the price below its current 12-year lows, the International Energy Agency said on Tuesday.

Jan 19 (Reuters) - Potash Corp of Saskatchewan said on Tuesday it would suspend operations "indefinitely" at its Picadilly mine in the Canadian province of New Brunswick, resulting in the loss of 420 to 430 jobs.

Jan 19 (Reuters) - Potash Corp of Saskatchewan said it would "indefinitely" suspend potash mining at Picadilly, New Brunswick in Canada in response to weakening demand for the crop nutrient.

SINGAPORE, Jan 19 (Reuters) - Singapore's central bank will provide an effective anchor for economic and financial stability amid global and regional uncertainties, Tharman Shanmugaratnam, a deputy prime minister said.

KATHMANDU, Jan 19 (Reuters) - Talks between the Nepali government and minority groups to resolve a dispute over a new constitution have fallen apart, opposition leaders said on Tuesday, dashing hopes that protests that have led to crippling fuel shortages will end soon.

BERLIN, Jan 19 (Reuters) - Germany on Tuesday warned against a hasty exit from coal-fired power generation, concerned that such a move could pile more pressure on producers still wrestling with the planned shutdown of nuclear plants by 2022.

* Extra space cuts chance overspill will drive oil price down

HANOI, Jan 19 (Reuters) - A consortium of Saudi Arabia's ACWA Power and South Korea's Taekwang Power Holdings has signed a $2.2 billion thermal power plant investment agreement with Vietnam, ACWA Power said on Tuesday.

* Wants looser monetary policy, but urges fiscal discipline (Writes through, wraps stories on China, monetary policy, budget))

A re-evaluation of biomass for electricity generation appears a certainty, and the evolution of sustainability criteria is likely to retard market growth.

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