Energy Update

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LONDON, July 17 (Reuters) - Crude oil prices may be falling, but things are not so rosy for European gasoline consumers.

NEW YORK, July 17 (Reuters) - Big U.S. oil refiners along the Gulf of Mexico, which have led an almost charmed life for the past five years, may have to brace themselves for leaner times in the months ahead.

July 17 (Reuters) - Elliott Advisors (UK) Ltd became the latest investor in Dragon Oil Plc to say majority shareholder Emirates National Oil Co Ltd's (ENOC) takeover offer undervalued the oil producer.

DUBAI/BEIRUT, July 17 (Reuters) - Iran will accept a nuclear deal with global powers only if sanctions are lifted immediately, frozen revenues are returned and the Islamic Republic's revolutionary ideals are preserved, a senior cleric told worshippers at Friday prayers in Tehran.

* Oil on track for third straight weekly decline (Updates throughout, changes dateline from SINGAPORE)

PARIS, July 16 (Reuters) - French Energy Minister Segolene Royal capped a planned rise in household electricity prices on Thursday, overruling regulatory recommendations designed to compensate power provider EDF for earlier controls.

* Russia, Saudi Arabia had agreed that oil output cut unnecessary

* Russian nuclear deal remains undecided (Adds details, share reaction, analyst comment)

July 17 (Reuters) - Elliott Advisors (UK) Ltd became the latest shareholder of Dragon Oil Plc to say Emirates National Oil Co Ltd's (ENOC) offer undervalued the oil producer.

MANILA, July 17 (Reuters) - Three people were killed and six others were still unaccounted for when an open pit coal mine in the central Philippines collapsed on Friday due to heavy monsoon rain

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