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YELLOWKNIFE, Northwest Territories, Oct 27 (Reuters) - A decline in diamond prices because of lower growth in Chinese jewelry demand is dulling the appeal of Canada's Arctic diamond industry, with the resulting drop in exploration hurting the region's long-term prospects.

* Adviser says two firms' fair value lower than acquisition prices

BRAZZAVILLE, Oct 27 (Reuters) - A senior opposition leader in Congo Republic on Tuesday dismissed a referendum result showing overwhelming approval for a change in the constitution to allow President Denis Sassou Nguesso to run for a third consecutive term.

** Stocks of oil and gas cos fall on worries over a supply glut and with U.S. inventory data expected to show another increase in crude stocks.

* BP announces more spending cuts, asset sales in coming years

BEIJING, Oct 27 (Reuters) - About 4 million barrels of crude oil bought by a Chinese state trader for the country's strategic reserves have been stranded in two tankers off an eastern port for nearly two months due to a lack of storage, two trade sources said.

BRAZZAVILLE, Oct 27 (Reuters) - More than 92 percent of voters in Congo Republic approved a change to the constitution that will allow President Denis Sassou Nguesso to run for a third consecutive term, results of a referendum showed on Tuesday.

LONDON, Oct 27 (Reuters) - Oil major BP has reduced its full-year capital expenditure (capex) for the third time this year as it grapples with a halving in oil prices.

BRAZZAVILLE, Oct 27 (Reuters) - More than 92 percent of voters in Congo Republic approved a change to the constitution that will allow President Denis Sassou Nguesso to run for a third consecutive term at elections next year, results of a referendum showed on Tuesday.

If you make oil predictions, you make incorrect predictions, Jeffrey Bair has been. But he thinks it's best to take Dev Patel's advice.

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