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UPDATE 1-Amid commodity crisis, LPG emerges as accidental bright-spot

* World Bank sees LPG as key in poverty reduction (Adds comment from World LPG Association CEO)

BUZZ-Petrofac: surges on termination of unfavourable contract

** Oilfield services co Petrofac up as much as 12.4 pct to highest in more than 3 mnths, top gainer on LSE & among FTSE-350 oil equipment and services peers on termination of an unfavourable contract

Lenders object Greece's alternative to power grid sale-paper

ATHENS, Oct 9 (Reuters) - Greece's international lenders have raised objections to a plan Athens has proposed that would let it avoid the privatisation of power grid operator ADMIE, a Greek newspaper said on Friday.

UPDATE 1-Indonesia plans new mining contract renewal rules by year-end

JAKARTA, Oct 9 (Reuters) - Indonesia plans to amend its rules on mining contracts by the end of the year, a government official said, allowing U.S.

Family mourns Nigerian pilgrim who fled Boko Haram but died in Haj crush

KADUNA, Nigeria, Oct 9 (Reuters) - Three years after his family fled their northeastern Nigerian home to escape threats from Boko Haram militants, Mudasir Gambo must have thought his luck had changed when he won a ticket to attend the annual haj pilgrimage in Saudi Arabia.

Analysts, aluminum buyers mull impact of Chinese petcoke crackdown

China's restrictions on the import, sale or use of higher-sulfur petroleum coke is likely to tighten the supply of anode-grade petcoke for the aluminum industry, analysts say.

With increased regulation, continued decline in residual fuel oil demand is expected

(Fri, 09 Oct 2015) Health and environmental concerns related to the high sulfur content of residual fuel oil (RFO) have led to new policies and regulations that have significantly lowered expectations for future RFO use globally. As the demand for RFO declines, the need for the refining upgrades to convert residual material to lighter, cleaner products will increase.

Brazil Country Analysis Brief

(Fri, 09 Oct 2015) Despite divestment in its exploration and production activities, Petrobras looks to bolster production from its presalt oil fields.

Malaysia's Petronas says remains committed to Canadian LNG project

KUALA LUMPUR, Oct 9 (Reuters) - Malaysia's Petroliam Nasional Bhd (Petronas) said it is committed to its Canadian liquefied natural gas (LNG) project despite the tumble in oil and gas prices which has hurt the state-owned oil company's profitability.

Japan Sept average LNG spot price falls to $7.40/mmBtu

TOKYO, Oct 9 (Reuters) - Liquefied natural gas (LNG) spot prices for buyers in Japan, the world's top consumer, averaged $7.40 per million British thermal units (mmBtu) in September, the lowest seen in data available since March last year, trade ministry figures showed on Friday. The fall was in line with benchmark Asian spot prices, which slid to $6.80 per mmBtu by late September from around $7.60 in late August as fresh supply weighed on market sentiment. The trade ministry surveys s

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