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UPDATE 3-Petronas to cut spending, review business on oil price slump

* Projects to be deferred, contract jobs could be affected (Adds details on business review, analyst comment)

It's the day of the dollar for US refined oil products

From diesel and gasoline to propane and jet fuel, various US refined oil products are less than $1/gal, prices unseen since Pluto was still a planet, as Matthew Kohlman explains.

CNOOC to cut oil and gas production in 2016

BEIJING, Jan 19 (Reuters) - CNOOC Ltd aims to cut oil and gas production in 2016, the Chinese state-controlled company said on Tuesday, as global oil prices plumb 12-year lows.

Vietnam cuts retail fuel prices for a second time in January

HANOI, Jan 19 (Reuters) - Vietnam has cut retail fuel prices for the second time this month on Tuesday as international crude oil prices have plunged to their lowest in 12 years.

UPDATE 1-China's 2015 natural gas output growth slowest in at least 10 years

* China 2015 natural gas output grows only 2.9 pct vs.

IMF cuts global growth forecast as China, falling oil prices weigh

WASHINGTON, Jan 19 (Reuters) - The International Monetary Fund on Tuesday cut its global growth forecasts for the third time in less than a year, citing a sharp slowdown in China trade and weak commodity prices that are hammering Brazil and other emerging markets.

IEA says oil market to remain oversupplied until late 2016

Jan 19 (Reuters) - Unseasonably warm weather and rising supply will keep the crude oil market oversupplied until at least late 2016, the International Energy Agency said in its monthly report on Tuesday.

UPDATE 2-Total takes oil price hit but will not cut jobs -CEO

PARIS, Jan 19 (Reuters) - French energy company Total expects a drop in 2015 results but does not plan to cut jobs as peer BP has done to weather currently low oil prices, its chief executive said in a radio interview on Tuesday.

UPDATE 1-Members of new Libyan unity government announced under U.N.-backed plan

TUNIS, Jan 19 (Reuters) - Libya's Presidential Council announced a new government of national accord on Tuesday aimed at uniting the country's warring factions under a U.N.-backed plan.

RWE rejects fresh calls for end to coal generation

BERLIN, Jan 19 (Reuters) - RWE, Germany's largest power producer, rejected on Tuesday fresh calls from opposition parties and environmentalists to phase out coal power generation.

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