Energy Update

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MOSCOW, Oct 9 (Reuters) - Russia's top natural gas producer Gazprom said on Friday it has reached an agreement with Kiev on the prepayment of gas purchases and will resume supplies to Ukraine on Oct.

WASHINGTON, Oct 9 (Reuters) - A fiery oil train derailment that forced the evacuation of hundreds of people in West Virginia last February was caused by a rail defect that railroad inspectors from CSX Corp missed twice in the preceding months, U.S. regulators said on Friday.

* Investors cheered by Thursday's Fed minutes (Adds quote, detail)

WASHINGTON, Oct 9 (Reuters) - U.S. regulators on Friday said a February oil train derailment in Mount Carbon, West Virginia, was caused by a rail defect that CSX Corp and its contractor missed during at least two inspections conducted months before the accident. (Reporting by David Morgan; Editing by Chizu Nomiyama)

Green Charge Networks, the largest provider of commercial energy storage in the U.S., said it has entered the California Independent System Operator (CAISO) market.

Votorantim Industrial SA, a Brazilian industrial conglomerate that expanded into renewable energy three months ago, is planning to triple its wind capacity by next year, part of a long-term effort to eventually own 1 GW of clean power plants.

KUWAIT, Oct 9 (Reuters) - The lack of a clear leader or "anchor" in the global oil market is fueling uncertainty and leading to sharp swings in crude prices, but this uncertainty is unlikely to continue for long, a senior Saudi oil adviser said.

Russian company RAO ES East will construct 178 renewable energy facilities with a total capacity of 146 MW within the coming five to seven years at the country’s Far East and close to the Artic Circle.

HANOI, Oct 9 (Reuters) - Vietnam will exempt some state firms from a Pacific trade pact agreed this week and has negotiated to keep export taxes on its crude oil and coal to support an overstretched state budget, its chief negotiator said on Friday.

LONDON, Oct 9 (Reuters) - Timespreads for West Texas Intermediate (WTI) and Brent futures have strengthened significantly over the last month as fears about another big build up in crude oil stocks eased.

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