Energy Update

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VIENNA, June 5 (Reuters) - When it comes to whether Saudi Arabia will invest billions of dollars to increase its ability to pump more oil, boosting the world's only large stand-by reserve, minister Ali al-Naimi has a quick answer: show me the return.

LONDON, June 4 (Reuters) - The slump in crude prices has jolted the oil industry into deep cost cutting which, unlike the previous downturn, could last for a few years at least.

SINGAPORE, June 5 (Reuters) - Oil markets fell for a third day on Friday ahead of an OPEC meeting where the oil group is expected to stick by its policy of unconstrained output for another six months, keeping the market oversupplied.

VIENNA, June 5 (Reuters) - Oil group OPEC is set on Friday to stick by its policy of unconstrained oil output for another six months, setting aside warnings of a second lurch lower in prices as some members such as Iran look to ramp up exports.

--Clyde Russell is a Reuters columnist. The views expressed are his own.--

Gas has been struggling to maintain its market share against competition from cheaper coal and growing renewable generation.

Despite only being in office for a month, Russia's new minister of agriculture, Alexander Tkyachyov, has already given us a taste of things to come, starting with a burdensome wheat tax.

In May, base metals struggled to hold onto initial gains seen at the beginning of the month. So what was behind the weaker price performance? Greg Smart breaks down the market forces.

(Fri, 05 Jun 2015) EIA's analysis of the Environmental Protection Agency's proposed Clean Power Plan shows that renewables play a critical role under a range of different market conditions and policy assumptions.

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