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UPDATE 3-French power producer EDF to review grid business strategy

* Shares fall more than 6 pct after Goldman Sachs downgrade (Adds comments on RTE by EDF CFO, share dividend, stock move)

Japan refiners slip into red on inventory losses from oil slump

TOKYO, Nov 5 (Reuters) - Three of five major Japanese oil refiners slipped into the red in the six months ended September and two of them are curbing investments as the slump in oil prices, which shows little sign of ending, caused inventory losses.

Russia lays foundations for carbon regulation amid calls for action

ST PETERSBURG, Russia, Nov 5 (Thomson Reuters Foundation) - R ussia is preparing the ground for future regulation of carbon emissions, amid calls to wean the economy off its heavy dependence on polluting fossil fuels.

Hungary looks at more ways to cut power prices

BUDAPEST, Nov 5 (Reuters) - Hungary may suspend payments into a fund for the future decommissioning of reactors at the Paks nuclear plant to finance more electricity price cuts, a senior government official said on Thursday.

KazMunaiGas EP profit drops on oil price slide

ALMATY, Nov 5 (Reuters) - Kazakh oil firm KazMunaiGas Exploration Production said on Thursday its net profit has nearly halved in dollar terms in the first nine months of this year due to the decline in oil prices.

Amec Foster Wheeler raises cost-cut target, halves dividend

Nov 5 (Reuters) - Oil and gas services company Amec Foster Wheeler Plc raised its cost-savings target for the year and cut its dividend by half, pressured by the slump in oil prices.

Sanofi, Hanmi sign diabetes treatment licence agreement

PARIS, Nov 5 (Reuters) - France's Sanofi said on Thursday that it had signed a licence agreement with Korea-based Hanmi Pharmaceutical Co. Ltd.

For Libya U.N. deal, former rebel brigades mean success or failure

MISRATA, Libya, Nov 5 (Reuters) - In Misrata, a statue of a fist crushing a U.S. fighter jet that rebels seized as war bounty from Muammar Gaddafi's compound stands testimony to the city's part in Libya's 2011 revolution.

China fuel surplus to double by 2020 as refining sector opens -CNPC research

BEIJING, Nov 5 (Reuters) - Surplus annual production of diesel, gasoline and kerosene in China will double to nearly 30 million tonnes by 2020 from last year's level, boosted by increasing output from independent refiners, according to an industry research paper.

Costs bear down on venerable Shetland oil industry

The North Sea oil industry, particularly the Shetland region at its core, is showing the strain of low oil prices, raising questions about its viability.

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