Energy Update

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WASHINGTON/LOS ANGELES Nov 10 (Reuters) - For environmentalists dedicated to killing it, President Barack Obama's rejection of the proposed Keystone XL pipeline unleashed a moment of euphoria.

HOUSTON, Nov 10 (Reuters) - A traffic jam of oil tankers has emerged along the U.S. Texas coast this month, a snarl that some traders see as the latest sign of an unyielding global supply glut.

* Shares fall 2.2 pct (Recasts, adds details on impairments, updates shares)

* China says not aware of plans to discuss maritime dispute at APEC

* Pakistan govt struggling to solve power cuts before 2018 vote

RIO DE JANEIRO, Nov 10 (Reuters) - Brazil's Petrobras and unions failed to reach an agreement on Monday over worker demands that the state-run oil company reverse budget cuts and cancel assets sales aimed at trimming its massive debt, union and company officials said.

OSLO, Nov 10 (Reuters) - Saudi Arabia, the world's largest crude oil exporter, plans to diversify its economy to help combat climate change in a move that could reduce expected output of up to 130 million tonnes of carbon emissions a year by 2030, the government said on Tuesday.

OSLO, Nov 10 (Reuters) - Saudi Arabia, the world's largest crude oil exporter, plans to diversify its economy to help combat climate change in a strategy that could avoid up to 130 million tonnes of carbon emissions a year by 2030, the government said on Tuesday.

Nov 10 (Reuters) - Britain's National Grid Plc said it began a process for the potential sale of a majority stake in its UK gas distribution business.

MANILA, Nov 10 (Reuters) - Annual coal consumption in the Philippines, one of the world's fastest growing economies, could rise by more than two-thirds to as much as 35 million tonnes over the next two decades, the head of a local industry group said on Tuesday.

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