Energy Update

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LONDON, Dec 14 (Reuters) - Rather than taking profits, hedge funds continued to add to their record bearish positions after the Organization of the Petroleum Exporting Countries (OPEC) failed to reach agreement on a production target at the start of the month.

PARIS, Dec 14 (Reuters) - Disagreements over valuation and charges related to a Finnish reactor project are likely to delay French utility EDF's acquisition of Areva's nuclear reactor business until next year, sources familiar with the situation told Reuters.

* RBI seen holding interest rates at least until March (Recasts to lead with retail prices, adds details, quotes)

California’s almond industry used to provide a plethora of shells to co-fire in biomass power generating plants in the state’s Central and San Joaquin valleys.

* Resources and auto stocks also fall (Recasts, adds quote, detail)

BARCELONA, Dec 14 (Thomson Reuters Foundation) - Purity Gachanga is one small-scale farmer who is beating climate change. On her several acres of land in Embu North district in central Kenya, she keeps cows and goats that produce milk, grows trees for fodder, and collects water to irrigate her food crops in a pond filled with tilapia fish.

WASHINGTON, Dec 14 (Reuters) - The United States and its allies conducted 16 strikes against Islamic State in Iraq and Syria on Sunday, according to the coalition leading the operations.

Dec 14 (Reuters) - Canadian oil and natural gas producer Encana Corp , responding to a sharp drop in oil prices, has cut its 2016 capital budget by more than a quarter to $1.5-$1.7 billion.

WARSAW, Dec 14 (Reuters) - Poland's ruling conservatives have ousted several top executives of state-owned companies since taking power after an October election, in what investors worry marks the start of a campaign to seize more control over the economy.

* Brazilian police visited offices as part of corruption probe

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