Energy Update

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* Global oil glut halved since Q2 but still at 1 mln bpd-Jefferies (Adds comment, oversupply data; updates prices)

LAUNCESTON, Australia, Sept 28 (Reuters) - - China's planned national cap-and-trade carbon emissions system may at first appear to be yet another bearish factor for commodity demand in the world's largest consumer of natural resources.

CARACAS, Sept 27 (Reuters) - Venezuela and Guyana have agreed to restore their respective ambassadors, President Nicolas Maduro said on Sunday, a first step toward easing tensions that flared after the discovery of oil off the coast of a disputed territory.

SINGAPORE, Sept 28 (Reuters) - Oil prices dropped in early trading in Asia on Monday despite a fourth weekly fall in U.S.

Bowleven, the Africa focused oil and gas exploration group, has discovered hydrocarbons at the Moambe exploration well, the second well in a two exploration well program, in Bomono Permit, Cameroon.

SAN JUAN, Puerto Rico, Sept 27 (Reuters) - A new type of disclosure about various fees that investors shell out to maintain brokerage accounts will promote a better understanding of those charges and provide a tool for comparing companies, U.S. state securities regulators said on Sunday.

SAN JUAN, Puerto Rico, Sept 27 (Reuters) - A new type of disclosure about various fees that investors shell out to maintain brokerage accounts will promote a better understanding of those charges and provide a tool for comparing companies, U.S.

NEW YORK, Sept 27 (Reuters) - The average price of a gallon of gasoline in the United States fell 9 cents in the past two weeks as refiners and retailers reduced their profit margins to sell more fuel, according to a Lundberg survey released on Sunday.

DUBAI, Sept 27 (Reuters) - A Saudi-led coalition played no role in an attack reported to have killed 25 civilians in a Yemeni village on Sunday, a Saudi official said.

SANAA, Sept 27 (Reuters) - Air strikes by helicopters from a Saudi-led alliance killed 25 civilians in a Yemeni village on Sunday, residents and medics said, adding that most of the victims were women and children.

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