Energy Update

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LONDON, Nov 16 (Reuters) - Unusually mild weather across the United States this autumn has sharply reduced heating demand and contributed to the substantial oversupply of both natural gas and heating oil.

OSLO/LONDON, Nov 16 (Reuters) - Norway's Det norske oljeselskap has agreed to buy Premier Oil's Norwegian business in a $120 million cash deal that prompted gains in both companies' shares.

BELEK, Turkey, Nov 16 (Reuters) - Canada's new Liberal Prime Minister Justin Trudeau met China's top leader on Monday, seeking to revive political ties and boost trade to help energize a faltering economy.

OSLO/LONDON, Nov 16 (Reuters) - Norway's Det norske oljeselskap has agreed to buy Premier Oil's Norwegian business in a $120 million cash deal that prompted gains in both companies' shares.

** Oil producers, service providers and drillers up between 1-8 pct, as oil edges up in nervous trading on Monday

BELEK, Turkey, Nov 16 (Reuters) - Russia, the world's top oil producer, sees the gap between global oil supply and demand narrowing gradually, the country's Energy Minister Alexander Novak told reporters on the sidelines of the G20 summit in Turkey.

OSLO, Nov 16 (Reuters) - Norway's Det norske oljeselskap is to buy Premier Oil's Norwegian business in a $120 million cash deal, the companies said in separate statements on Monday.

LAUNCESTON, Australia, Nov 16 (Reuters) - - Let's assume that you are a somewhat contrarian investor and take the view that the recent slump to fresh lows in commodity prices, and the share prices of producers, is a sign that a turnaround is coming in 2016.

(Mon, 16 Nov 2015) EIA's Weekly Natural Gas Storage Report (WNGSR) publishes weekly natural gas storage inventories by region. Natural gas storage levels have been high and recently reached a record 3,978 trillion cubic feet as of Friday, November 6. In an effort to better illustrate regional storage trends, EIA will publish weekly data divided into five regions, rather than the current three, beginning with the November 19 report.

* Government pushing for consolidation in sunset industry (Recasts, adds analyst comment, detail)

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