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LONDON, Oct 27 (Thomson Reuters Foundation) - A new global deal to combat climate change, due to be agreed in December in Paris, must be "the departing station" for more ambitious efforts to move the world away from fossil fuels, the United Nations' top climate official said this week.

Oct 27 (Reuters) - The United States plans to sell 58 million barrels of crude oil from its strategic petroleum reserve between 2018 and 2025 under a budget deal reached on Monday by the White House and top lawmakers from both parties, Bloomberg reported.

Iron ore miners Rio Tinto and Vale remain nose to nose in claiming industry leadership for 2015. Who will emerge ahead when it comes to Q4?

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.

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