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UPDATE 1-U.S. fuel stocks rise, driving prices lower despite big crude build

NEW YORK, Aug 26 (Reuters) - U.S. crude oil stockpiles fell sharply last week as imports tumbled, while gasoline and distillate inventories rose despite a reduction in refinery runs, data from the Energy Information Administration showed on Wednesday.

Iran to offer 3 gas fields for investment at London conference

DUBAI, Aug 26 (Reuters) - Iran will offer three gas fields to foreign investors at a conference in London later this year, an Iranian official said on Wednesday.

Why Do Germany’s Electricity Prices Keep Falling?

Chancellor Angela Merkel cemented Germany’s shift toward an economy powered by renewable energy in 2010 with her “Energiewende” plan. One result has been a seemingly unstoppable decline in wholesale electricity prices, which tumbled to a 12-year low on Monday.

UPDATE 1-Profits at two Chinese oil majors slump on low crude price

BEIJING, Aug 26 (Reuters) - Two of China's major oil companies said on Wednesday that their profits slumped in the first half of 2015, as a sharp decline in international crude prices hit upstream earnings.

German Renewables Investors To Fund Iranian Wind Farm

Development Environment Arvand Co., a German-Iranian renewables developer, signed an agreement to build a 48-megawatt wind farm in southwestern Iran for 40 million euros ($46 million).

RPT-COLUMN-BHP downgrades China steel forecast but keeps iron ore strategy: Russell

--Clyde Russell is a Reuters columnist. The views expressed are his own.--

UPDATE 2-Schlumberger to buy oilfield gear maker Cameron in $14.8 bln deal

Aug 26 (Reuters) - Oilfield services company Schlumberger Ltd agreed to buy Cameron International Corp, which makes equipment used by oilfield services providers, in a deal valued at $14.8 billion to cut costs amid weak drilling activity.

Top Asian refiner Sinopec's net profits slip 22 pct in H1

BEIJING, Aug 26 (Reuters) - China's Sinopec Corp , Asia's largest refiner, posted a 22 percent fall in first-half profit on a sharp decline in international crude prices that hit upstream earnings.

UPDATE 1-Greece sees gas grid deal with Azeri SOCAR progressing

ATHENS, Aug 26 (Reuters) - Azerbaijan's state-owned oil company SOCAR had confirmed its interest in acquiring a stake in Greek gas grid operator DESFA, with a deal possible by the end of the year, Greece's privatisation agency said on Wednesday.

Ukraine's stockpiling of winter gas slower than last year -PM

KIEV, Aug 26 (Reuters) - Ukraine's efforts to store natural gas for winter are running 1 billion cubic metres behind their pace last year, Prime Minister Arseny Yatseniuk said on Wednesday.

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