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Saudi state claws back unspent money as finances tighten

RIYADH/KHOBAR, Saudi Arabia, Oct 12 (Reuters) - Saudi Arabia's finance ministry, seeking to cut waste as state revenues shrink because of low oil prices, is telling government bodies to return unspent money which they were allocated in this year's budget, sources familiar with the policy told Reuters.

Boskalis, Wartsila, GoodFuels Marine Launch Sustainable Marine Biofuels Program

In The Netherlands, Boskalis, Wärtsilä, and GoodFuels Marine revealed a partnership to pioneer the development of sustainable “drop in” marine biofuels for the shipping industry.

UK Leads G20 in Carbon Cuts Before Climate Summit, PWC Says

The U.K. led the G20 last year in reducing the carbon intensity of its economy, a key measure of success in the battle against climate change.

Phillips 66 plans $3.6 bln 2016 capex, raises share buyback

Oct 12 (Reuters) - U.S. refiner Phillips 66 announced a capital budget of $3.6 billion for 2016 and raised its share buyback plan by $2 billion.

Saudis tell Russia: Syria action will have "dangerous consequences" -source

DUBAI, Oct 12 (Reuters) - Russia's military intervention in Syria will have dangerous consequences, escalate the war there and inspire militants from around the world to participate, Saudi Arabian leaders told their Russian counterparts on Sunday, a Saudi source said.

Ukraine and Russia have signed new gas supply deal -minister

KIEV, Oct 12 (Reuters) - Ukrainian state energy firm Naftogaz and Russia's Gazprom have signed a deal on Russian gas supplies to Ukraine for the winter period and Kiev has already started gas imports, Ukraine's energy minister said in Monday.

UPDATE 1-OPEC sees more demand for its crude in 2016 as cheap oil hits rivals

* Global oil demand growth to slow down in 2016 (Adds details, context from paragraph 4)

UPDATE 6-Oil rises after Kuwait sees higher prices ahead

* OPEC forecasts much more demand for its oil next year (Updates detail, comment prices; paragraphs 1, 6, 11-13)

UPDATE 1-Uganda says to start troop exit from South Sudan

KAMPALA, Oct 12 (Reuters) - Uganda said it would start withdrawing troops from South Sudan on Monday, a move that will please other regional and Western powers who feared the soldiers' presence could exacerbate fighting there.

RPT-U.S. shale firms snap up $50 oil hedges, risking rally reversal

NEW YORK, Oct 12 (Reuters) - Welcome to the oil market's new vicious cycle.

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