Energy Update

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Oct 5 - Saudi Arabia's decision to lower prices for oil loading in November shows that the battle for market share in an over-supplied Asian crude market is far from over.

Germany’s biggest wind-turbine maker agreed to purchase its counterpart in Spain in a transaction that will create the fifth-largest manufacturer of the worldwide amid a shift toward renewable energy.

Terpenes rarely make the nightly news, but these organic hydrocarbon byproducts of eucalyptus, pine, bacteria and even some species of butterflies and termites are emerging as energy-dense players in the energy biojet and biodiesel markets.

LONDON Oct 5 (Reuters) - Investors cut their bets last week that the price of Brent crude oil will rise, according to data on Monday from the InterContinental Exchange (ICE).

MANILA, Oct 5 (Reuters) - The Philippine unit of Royal Dutch Shell Plc said on Monday it was looking to launch a long-delayed initial public offering sometime next year, and may sell even more than the minimum requirement of 10 percent of common stock.

Oct 5 (Reuters) - APR Energy Plc, the embattled provider of temporary power systems, said on Monday it was in talks to be bought out by a consortium including Fairfax Financial Holdings Ltd, its largest shareholder.

* Nordex shares up 7 pct, Acciona's up 9 pct (Adds share prices, details, analyst comment)

TOKYO, Oct 5 (Reuters) - Japan's Pan Pacific Copper expects copper prices to rise to $6,000 a tonne over the next 18 months, driven by global production cuts and demand growth in Asia, although any upside will be limited in 2015, its president said on Monday.

LONDON, Oct 5 (Reuters) - Shares in trader and miner Glencore surged as much as 20 percent in London on Monday, following a 25-percent leap on the Hong Kong market, as hopes for deal-making trumped worries over a slump in metals prices.

MELBOURNE, Oct 5 (Reuters) - Shares in beleaguered trader and miner Glencore Plc rocketed as much as 72 percent on Monday in heavy trading in Hong Kong on hopes it would be able to cut debt with a sale of a stake in its agricultural assets.

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