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UPDATE 1-Woodside beefs up sales marketing for Browse LNG in tough market

* Sees spot LNG prices staying in current range for 18 months

RPT-China's weaker yuan could trigger new wave of diesel exports

SINGAPORE, Aug 18 (Reuters) - China is set to add to recent record diesel shipments as refiners take advantage of a lower yuan and export fuel into a market already suffering from oversupply and falling margins.

Head of Venezuela state oil company to lead Oil Ministry too

CARACAS, Aug 18 (Reuters) - The head of Venezuelan state oil company PDVSA, Eulogio Del Pino, was tapped on Tuesday to run the OPEC country's Oil Ministry.

Oil prices fall again as lower demand U.S. season looms

* Prospect of lower U.S.

Australia shares seen slightly firmer, oil prices rise

SYDNEY, Aug 19 (Reuters) - Australian shares are set to open modestly higher on Wednesday after a fall in the previous session, with attention on a fresh round of earnings results. Woodside Petroleum Ltd, Australia's largest independent oil and gas producer, reported a 40 percent drop in first-half profit, slightly better than feared. Treasury Wine Estates, the world's biggest standalone wine company, swung back to a profit, while property group Stockland Corp will also report earnings.

RPT-COLUMN-Hedge funds aggressively bearish towards U.S. crude: Kemp

LONDON, Aug 18 (Reuters) - A relatively small group of hedge fund managers has placed a record bet on U.S.

UPDATE 1-U.S. floats U.N. sanctions to press on South Sudan peace

WASHINGTON, Aug 18 (Reuters) - The United States on Tuesday put pressure on political leaders in South Sudan by announcing it was consulting with other countries about imposing United Nations sanctions on anyone who undermined the peace process in the war-hit east African state.

U.S. moves on U.N. sanctions on South Sudan peace process violators

WASHINGTON, Aug 18 (Reuters) - The United States said on Tuesday it was consulting with other countries at the United Nations on imposing U.N. sanctions on those undermining the peace process in South Sudan.

UPDATE 1-Iraqi Kurdistan says oil pipeline sabotage cost it $501 mln

ERBIL, Iraq, Aug 18 (Reuters) - Repeated sabotage by "organised gangs" of the oil pipeline from northern Iraq to Turkey has cost the autonomous Kurdistan region $501 million since July 1, its ministry of natural resources said on Tuesday.

UPDATE 2-U.S. EPA proposes new methane emission standards for oil, gas firms

WASHINGTON, Aug 18 (Reuters) - The U.S. Environmental Protection Agency on Tuesday proposed new standards to cut greenhouse gas emissions and smog-forming pollutants from oil and gas facilities, as part of President Barack Obama's broader strategy to slash methane emissions in the energy sector over 10 years.

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