Energy Update

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NEW YORK, June 9 (Reuters) - The U.S. government on Tuesday raised its 2015 but lowered its 2016 U.S. crude oil production forecasts.

NEW YORK, June 9 (Reuters) - The U.S. government on Tuesday raised its 2015 but lowered its 2016 U.S. crude oil production forecasts.

MOSCOW, June 9 (Reuters) - Russia's Gazprom has reaffirmed plans to cut off gas transiting Ukraine to western Europe in 2019 and urged the European Union to speed up a decision on Russian gas delivery routes to ensure it receives supplies after that time.

LONDON/VANCOUVER, June 9 (Reuters) - An investment review at Qatar's wealth fund could lead to a cut in money allocated to the mining sector, potentially hitting ventures such QKR Corp, according to five sources familiar with the matter.

NEW DELHI, June 9 (Reuters) - India is planning to convert into equity a 50 billion rupee ($783 million) loan extended by state-run Oil and Natural Gas Corp (ONGC) to its overseas investment arm, sources said, to improve the unit's finances ahead of a possible public offering.

MILAN, June 9 (Reuters) - Saipem shares fell on Tuesday after a report state lender CDP was considering buying a stake in the oil contractor revived ongoing concerns about the company's capital.

LONDON, June 9 (Reuters) - Cost-cutting is set to remain the main focus for the oil industry for at least the next two years as petroleum producers adjust to an environment of much lower prices.

MOSCOW, June 9 (Reuters) - E.ON Russia plans to discuss signing a new gas-purchase agreement with Russian state oil company Rosneft, E.ON's Russian unit said on Tuesday.

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