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UPDATE 2-Freeport Indonesia head says speaker of parliament tried to extort shares

JAKARTA, Dec 4 (Reuters) - The operator of one of the world's biggest copper and gold mines was at the centre of a major political scandal in Indonesia after confirming that the speaker of parliament tried to extort shares from the company to ensure its contract extension.

Poland needs to merge coal mining and power companies -prime minister

WARSAW, Dec 4 (Reuters) - Poland needs to merge its coal mining companies with power producers, Prime Minister Beata Szydlo said on Friday, as part of a wider plan to rescue the country's troubled coal mining industry.

China starts building 2nd biggest offshore wind farm

BEIJING, Dec 4 (Reuters) - China's top wind power company has started building the country's second-largest offshore wind farm, state media said, as Beijing aims to boost the nation's clean power industry and cut dependence on fossil fuels that are contributing to smog.

Saudi Naimi says global oil demand can absorb Iran output jump

VIENNA, Dec 4 (Reuters) - Saudi Arabian oil minister Ali al-Naimi said on Friday growing global demand could absorb an expected jump in Iranian production next year while the Iran oil minister said he expected OPEC to roll over production policies on Friday.<

UPDATE 1-Asian LNG market to enter deeper glut as demand falters, supplies soar

* Demand from new importers not enough to meet soaring supplies

UPDATE 1-Asian LNG market to enter deeper glut as demand falters, supplies soar

* Demand from new importers not enough to meet soaring supplies

CORRECTED-COLUMN-Oil storage business is booming: Kemp

LONDON, Dec 3 (Reuters) - Oil producers may be struggling as a result of low prices but the oil storage business has never been in better shape.

CORRECTED-COLUMN-Oil storage business is booming: Kemp

LONDON, Dec 3 (Reuters) - Oil producers may be struggling as a result of low prices but the oil storage business has never been in better shape.

Desperate Chinese steelmakers dump iron ore stocks

SHANGHAI/MANILA, Dec 4 (Reuters) - Cash-strapped Chinese steel mills are dumping iron ore stocks, selling at a loss to shore up cash flow in the latest sign of the sector's worsening crisis, steel mill and trader sources said.

Desperate Chinese steelmakers dump iron ore stocks

SHANGHAI/MANILA, Dec 4 (Reuters) - Cash-strapped Chinese steel mills are dumping iron ore stocks, selling at a loss to shore up cash flow in the latest sign of the sector's worsening crisis, steel mill and trader sources said.

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