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UPDATE 10-Oil down; China, Wall St tumble erase early rally on Middle East

(New throughout, updates prices and market activity, adds details about U.S. floods) By Barani Krishnan NEW YORK, Jan 4 (Reuters) - Oil prices weakened on Monday in volatile trade, erasing an early rally as concern about Middle East tensions gave way to worries about slowing global economic growth and sliding stock markets. U.S. crude prices were also pressured by worries that record inventories could swell further at the Cushing, Oklahoma delivery hub.

WHITE HOUSE SAYS 'WE CERTAINLY WOULD CONDEMN' ANY COUNTRY THAT CARRIES OUT MASS EXECUTIONS

WHITE HOUSE SAYS 'WE CERTAINLY WOULD CONDEMN' ANY COUNTRY THAT CARRIES OUT MASS EXECUTIONS

WRAPUP 4-Saudi Arabia recruits Sunni allies in row with Iran

* Stock markets across Gulf drop sharply (adds UAE minister, U.N. chief)

UPDATE 3-Suncor says Canadian Oil bid extension highly improbable

CALGARY, Alberta, Jan 4 (Reuters) - Suncor Energy Inc's top executive said on Monday it was "conceivable but highly improbable" that Suncor will extend a C$4.3 billion ($3.08 billion) hostile takeover bid for Canadian Oil Sands Ltd beyond this week's deadline.<

White House urges restraint in Saudi-Iranian tensions

WASHINGTON, Jan 4 (Reuters) - The White House on Monday urged Saudi Arabia and Iran to show restraint in the crisis spurred by the execution of a senior Shi'ite cleric by Saudi Arabia.

Climate change could cut global electricity output by disrupting water

TORONTO, Jan 4 (Thomson Reuters Foundation) - Climate change could lead to significant declines in electricity production in coming decades as water resources are disrupted, said a study published on Monday.

West African Jan. crude exports to Asia edge off five-month high

* India buying elevated with Paradip startup * Total exports still close to summer high http://link.reuters.com/sav75v * Ultra-low Nigerian diffs to dated Brent keep cargoes moving By Libby George LONDON, Jan 4 (Reuters) - West African crude oil exports to Asia in January are set to slide from a five-month high reached the previous month, but strong buying in India has kept them elevated, traders and shipping fixtures showed on Monday.

WRAPUP 3-Saudi Arabia recruits Sunni allies in row with Iran

* Stock markets across Gulf drop sharply (Adds Jubeir interview, analyst, graphic)

U.S. Geothermal Buys Majority Interest in Raft River Plant in Idaho

U.S. Geothermal Inc. recently acquired the majority of Goldman Sachs’ cash flow interest in and ownership of the Raft River geothermal project in Idaho for $51 million.

Bahrain police fire tear gas, birdshot at protesters - witnesses

DUBAI, Jan 4 (Reuters) - Bahraini police on Monday fired tear gas and birdshot at protesters demonstrating against the execution of a top Shi'ite cleric in neighbouring Saudi Arabia, witnesses said.

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