Energy Update

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SAO PAULO/RIO DE JANEIRO, Nov 13 (Reuters) - Brazil's state-run Eletrobras, Latin America's largest electricity utility, posted late on Thursday a 4.01 billion real ($1.06 billion) third-quarter loss due to weaker hydropower generation and a massive impairment charge on its Angra 3 nuclear plant.

LONDON, Nov 13 (Reuters) - A market share battle between Russia and OPEC oil producers in Europe is intensifying as Iraq has overtaken Saudi Arabia as the second largest seller there and Iran has already lined up buyers for its crude for when sanctions are lifted.

LONDON, Nov 13 (Reuters) - The world is awash with oil after having built record stockpiles in recent months and slowing demand growth combined with resilient non-OPEC supply could worsen the glut well into next year, the International Energy Agency (IEA) said on Friday.

BAGHDAD, Nov 13 (Reuters) - Kurdish peshmerga forces secured several strategic facilities in the northern Iraqi town of Sinjar on Friday as part of an offensive against Islamic State militants that could provide critical momentum in efforts to defeat the jihadist group.

* Crude glut expected to spill into refined products (Adds Iraq data, updates prices)

NEAR SINJAR TOWN, Nov 13 (Reuters) - Kurdish peshmerga forces entered Sinjar "from all directions" on Friday to begin clearing the northern Iraqi town of Islamic State militants, the Kurdistan regional security council said in a tweet.

NEAR SINJAR TOWN, Nov 13 (Reuters) - Kurdish forces entered the northern Iraqi town of Sinjar on Friday after cutting it off from east and west in an offensive against Islamic State militants that could provide critical momentum in efforts to defeat the jihadist group.

NEAR SINJAR TOWN, Nov 13 (Reuters) - Kurdish forces entered the northern Iraqi town of Sinjar on Friday after cutting it off from east and west in an offensive against Islamic State militants that could provide critical momentum in efforts to defeat the jihadist group.

Platts editors analyze jet fuel/kerosene demand and prices in Asia as the region heads into a warmer-than-average winter season.

DUBAI, Nov 12 (Reuters) - Having rushed to war in Yemen just as oil prices sank, Gulf Arab militaries are in a thrifty mood. They are focusing on immediate wartime needs like ammunition supplies.

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