Energy Update

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STOCKHOLM, Aug 24 (Thomson Reuters Foundation) - As demand for water grows, the world must focus on how the precious resource will be shared among farmers, the energy sector and cities if it is to achieve the United Nations' new development agenda, a World Bank expert said.

BEIT YANAI, Israel, Aug 24 (Thomson Reuters Foundation) - P alestinian villagers living in desolate, off-grid areas in the West Bank have begun using Israeli-made biogas generators that supply free, clean energy by gobbling up organic waste.

TEHRAN, Aug 24 (Reuters) - Royal Dutch Shell will repay a $2 billion debt to the National Iranian Oil Company (NIOC) when sanctions on Iran are lifted and will consider investing in the country's vast energy sector, Shell's boss for new business said.

LONDON, Aug 24 (Reuters) - Britain must remain cautious in its relations with Iran, foreign minister Philip Hammond said on Monday, after he reopened the British embassy in Tehran nearly four years after it was stormed by protesters.

Joshua Mann assesses how the market to move oil has shifted under pressure from crude prices.

(Mon, 24 Aug 2015) Continued growth in global production of petroleum and other liquids has outpaced consumption growth since August 2014, resulting in rising global liquids stocks. Total global liquids inventories are estimated to have grown by 2.3 million barrels per day through the first seven months of 2015, the highest level of inventory builds through July of any year since 1998, putting significant downward pressure on near-term crude oil prices.

JAKARTA, Aug 24 (Reuters) - Indonesia has extended its tax incentives for "pioneering" industries such as oil refinery and infrastructure to help attract more investment into the country as economic growth has slowed to its weakest in six years.

* Analysts say weak market conditions set to last (Adds comment, updates prices)

* State-backed research paper warned of chemical industry risks

SINGAPORE, Aug 24 - Commodities markets hit fresh lows in early Asian trading on Monday as fears spread that a more severe slowdown in China would pull down other economies in the region, denting energy and raw material consumption.

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