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UPDATE 3-Kuwait oil minister says no calls within OPEC for policy change

KUWAIT, Oct 12 (Reuters) - Kuwait's oil minister said on Monday there were currently no calls from within OPEC to change the oil-producing group's output policy and that a market exit by high-cost producers could help buoy oil prices in 2016.

Former PetroChina chairman Jiang Jiemin sentenced to 16 years in prison - state TV

BEIJING, Oct 12 (Reuters) - The former chairman of China National Petroleum Corporation and its listed firm PetroChina has been sentenced to 16 years in prison for graft, Chinese state television said on Monday.

UPDATE 1-Russia's Gazprom resumes gas supplies to Ukraine

MOSCOW, Oct 12 (Reuters) - Russian natural gas exporter Gazprom has resumed supplies to Ukraine, Chief Executive Alexei Miller said in a statement on Monday, after deliveries were halted in July over a pricing dispute between Moscow and Kiev.

UPDATE 2-Glencore to sell copper mines in Australia, Chile

* Graphic of assets map: http://link.reuters.com/vej75w (Adds more details, analyst comment, shares)

Digging Deeper, Why Renewables are Beating Coal and Gas in Some Parts of the World

Earlier this month Bloomberg New Energy Finance (BNEF) announced findings that the LCOE for wind and solar is now cheaper than coal and gas in Europe. Further the organization said that it is actually the renewables that are pushing up the LCOE of gas and coal. Because the BNEF analysis is so deep and complex — it uses thousands of data points the company says — the press release that it issued was hard to understand.

BUZZ-Glencore: plans to sell copper mines in Australia, Chile

** Metals trader and miner Glencore up more than 3 pct & top gainer on slightly-negative FTSE 100 index

Australia's Santos to cull 200 jobs, aiming for $73m savings

MELBOURNE, Oct 12 (Reuters) - Australian oil and gas producer Santos Ltd said on Monday it would cut around 200 jobs, or 6 percent of its staff, as it looks for A$100 million ($73 million) in additional savings to ride out weak oil prices.

Search for solutions to modernize gold trading gets kicked into high gear

Little agreement has been made, but one thing is apparent: central clearing is a logical step forward, says Ben Kilbey.

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.

UPDATE 1-Glencore flags sale of some Australia, Chile assets

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