Energy Update

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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)

* Attacks add nervousness to markets, but fundamentals unchanged

TOKYO, Nov 16 (Reuters) - Japan's largest oil refiner JX holdings Inc is in talks to merge with TonenGeneral Sekiyu, the Nikkei reported on Monday, potentially creating a company that will control more than half of a market in long-term decline.

* Prices relatively stable but still near multi-month lows (Adds comment, updates prices)

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