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Indonesian palm levy delays frustrate traders, undermine biodiesel goals

JAKARTA/KUALA LUMPUR, June 17 (Reuters) - Repeated delays to the introduction of a levy on palm oil shipments from Indonesia are frustrating traders, who find it hard to set prices, and have raised doubts over whether the levy will be successful in generating planned biodiesel subsidies.

China's sagging diesel demand finds hope in e-commerce boom

* Diesel demand hit as China's heavy industry, coal mining slows

Russia not entering arms race with West - Kremlin aide

MOSCOW, June 17 (Reuters) - Russia is not entering an arms race with the West as this would hurt the economy, President Vladimir Putin's main foreign policy adviser said on Wednesday.

China's national CO2 market seen starting late 2016, early 2017

SHENZHEN, China, June 17 (Reuters) - China's long-awaited countrywide carbon trading scheme is likely to be ready by the end of next year or early in 2017, an official with the state planning agency said on Wednesday.

UPDATE 2-Oil prices edge up as U.S. stocks, production seen falling

* Brent-WTI premium close to 2015 lows around $3/barrel (Updates prices)

UPDATE 1-Thai Gunkul to invest nearly $300 mln in solar, wind power in 2015

* To invest over 10 bln baht in 2016 in 2 wind power plants (Adds 2016 investment plans, details)

UPDATE 5-Tropical Storm Bill charges across Texas and weakens

HOUSTON, June 17 (Reuters) - Tropical Storm Bill headed further into central Texas with heavy rains and high winds on Wednesday before losing its punch and no serious injuries were reported, relieving officials and residents just three weeks after floods killed about 30 people in the state.

Steelmakers seek safety in numbers against Chinese imports

The Western world's steelmakers have joined together to effectively tell China to back off, urging their home countries to take action against the world’s largest steelmaker.

Refiner margins unable to fully offset low upstream earnings for integrated oil companies

(Wed, 17 Jun 2015) First-quarter 2015 financial results for globally integrated oil companies show that total earnings were $22 billion (54%) lower than first-quarter 2014. Lower crude oil prices contributed to a decline in profits in the upstream sector of $28 billion (80%) compared to first-quarter 2014.

Congo parliament adopts new hydrocarbons code

KINSHASA, June 16 (Reuters) - Democratic Republic of Congo lawmakers have adopted a new hydrocarbons code that the country hopes will allow it to draw more benefits from its expanding oil sector.

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