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Russia's Putin, Venezuela's Maduro to discuss oil price stabilisation - Kremlin

MOSCOW, Aug 31 (Reuters) - Russian President Vladimir Putin and his Venezuelan counterpart Nicolas Maduro will discuss "possible mutual steps" to stabilise global oil prices during a visit to China this week, a Kremlin aide said on Monday.

Fossil Fuels Losing Cost Advantage Over Solar, Wind, IEA Says

The cost of producing electricity from renewable sources such as solar and wind has dropped significantly over the past five years, narrowing the gap with power generated from fossil fuels and nuclear reactors, according to the International Energy Agency.

The Future of California Utilities: AEE Convenes Stakeholders

What will be the 2050 business model for utilities in California that are being forced by the state to adopt massive renewable energy capacity? That was the basic question asked at a one-day conference held in Sacramento on Aug. 20 by Advanced Energy Economy (AEE), the national umbrella association for renewable energy organizations.

Indonesia’s ore export ban a hard blow to China Nickel Resources

The ban has forced the Chinese company to halt operations at almost all of its core businesses.

UPDATE 5-Oil falls back below $49 as glut, China concerns weigh

* Oil supply glut, possible U.S.

UPDATE 1-S.Africa seals mining jobs deal, proposes platinum plan

PRETORIA, Aug 31 (Reuters) - South Africa's mining industry, unions and the government signed a broad plan on Monday to stem a wave of job losses triggered by falling commodity prices and soaring costs.

UPDATE 1-Eni open to selling stake in supergiant Egypt gas find

MILAN, Aug 31 (Reuters) - Italy's Eni is open to selling a stake in its "supergiant" Zohr gas field discovery off of Egypt, its chief executive said, as the state-controlled energy company looks for funds to bankroll development without sacrificing dividends.

Foreign investors in Iran must share benefits, president says

DUBAI, Aug 30 (Reuters) - Would-be foreign investors in Iran should be prepared to share the benefits of their deals, the country's president said, indicating Tehran will impose tough terms that could clash with U.S.

Asian LNG price faces steep fall as perfect storm brews

* Industry expects worse to come as output soars and demand slows

EIA improves monthly reporting of crude oil production

(Mon, 31 Aug 2015) With the planned release of the Petroleum Supply Monthly (PSM) later today, EIA is incorporating the first survey-based reporting of monthly crude oil production based on an expansion of its survey program earlier this year. Today's PSM includes EIA's first reporting of June crude oil production. EIA also begins using new survey data from multiple states and regions within the United States, and revises figures previously reported for January through May 2015.

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