Energy Update

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Jan 14 (Reuters) - Warren Buffett is expanding his bet on the oil industry, slowly adding to his already large stake in oil refiner Phillips 66 even as crude oil prices have sunk to a 12-year low.

Jan 14 (Reuters) - A rally in battered energy shares led U.S.

* India likely to cut FY2017 divestment proceed target - sources

* Indonesia, Malaysia plan to use more palm oil to make biofuel

WINNIPEG, Jan 14 (Reuters) - Canadian Finance Minister Bill Morneau said on Thursday that foreign investors should be confident about the country, noting that the government has room to invest to stimulate the economy.

NEW YORK, Jan 14 (Reuters) - JPMorgan Chase & Co executives said on Thursday they do not expect losses on the bank's oil and gas loans to accelerate with the pace and severity that the decline in oil market prices might suggest.

DETROIT, Jan 14 (Reuters) - John Krafcik, the head of Google's project to develop self-driving vehicles, said on Thursday he would have to see specific proposals before entering into a consortium including automakers.

WASHINGTON, Jan 14 (Reuters) - Concrete has been poured into the core of Iran's Arak nuclear reactor, the U.S.

WASHINGTON, Jan 14 (Reuters) - The United States and Russia agreed that Jan. 25 Syria peace talks involving the government and opposition groups must go forward without preconditions, the U.S. State Department said.

DOHA, Jan 14 (Reuters) - Qatar will raise domestic prices of gasoline by 30 percent from midnight on Thursday, the official Qatar News Agency (QNA) reported, as low oil and gas prices put the squeeze on the national budget.

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