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UPDATE 1-S.Korea axes four coal plants, plans two new nuclear units

SEOUL, June 8 (Reuters) - South Korea has axed plans to build four coal-fired power plants and will boost its nuclear reactor fleet by two more units, as it looks to increase the share of nuclear and gas in power generation and cut reliance on coal.

Oil prices fall after OPEC keeps production high

SINGAPORE, June 8 (Reuters) - Crude oil prices fell in early Asian trading on Monday as markets were expected to be increasingly oversupplied following OPEC's decision last Friday to keep its production targets unchanged.

Mars joins BP and Shell in opposing European financial market regs - FT

NEW YORK, June 7 (Reuters) - Confectionery company Mars Inc has joined oil companies BP Plc and Royal Dutch Shell Plc to oppose planned new European financial market regulations, arguing that they would increase volatility and reduce liquidity in raw materials markets, according to a report by the Financial Times on Sunday.

UPDATE 1-Saudi-led air strikes kill 44 in attack on Yemeni army compound - agency

SANAA, June 7 (Reuters) - Saudi-led air strikes killed at least 44 people during an air raid on the main headquarters of the Yemeni army in central Sanaa on Sunday, the Houthi-run state news agency Saba said.

Saudi-led air strikes kill 20 Yemeni soldiers - residents

SANAA, June 7 (Reuters) - Saudi-led air strikes killed at least 20 soldiers who had gathered to collect their salaries at the Yemeni army headquarters in the capital Sanaa on Sunday, government officials and residents said.

Iran hopes to begin Russia oil-for-goods exports this week -Fars

DUBAI, June 7 (Reuters) - Russia will begin importing Iranian oil under a long-heralded oil-for-goods barter arrangement in the coming week, Iran's oil minister was quoted as saying, more than a year after negotiations began.

Dam waste: planning chaos drains China's hydro ambitions

BEIJING, June 7 (Reuters) - China could be wasting enough hydroelectricity to power Britain and Germany for a year, depriving its smog-bound eastern regions of huge volumes of clean energy as a result of poor planning and weak grid infrastructure.

UPDATE 1-Sudan's Bashir changes foreign, defence, oil ministers - state TV

KHARTOUM, June 6 (Reuters) - Sudanese President Omar Hassan al-Bashir announced a new government with changes to the defence, foreign affairs and oil portfolios, state television said on Saturday, days after the start of his new presidential term.

Sudan changes ministers of defence, foreign affairs, oil -state TV

KHARTOUM, June 6 (Reuters) - Sudanese President Omar Hassan al-Bashir announced a new government with changes to the defence, foreign affairs and oil portfolios, state television said on Saturday, days after the start of his new presidential term.

Three more tendons sink at Chevron's Big Foot site in U.S. Gulf

June 6 (Reuters) - Three more tendons designed to link Chevron Corp's Big Foot deepwater oil project to the Gulf of Mexico seabed have sunk, escalating concerns about how long it will take for the project to start.

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