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UPDATE 1-Indonesia hopes to rejoin OPEC by year-end

VIENNA, June 4 (Reuters) - Indonesia hopes to rejoin OPEC by the oil producer group's next meeting in around six months' time, Energy Minister Sudirman Said said on Thursday.

UPDATE 1-EU/IMF lenders demand asset sales, pension cuts in Greek proposal

* Axing low-income pensioners' benefit to save 800 mln euros/yr

Indonesia hopes to rejoin OPEC by year-end

VIENNA, June 4 (Reuters) - Indonesia hopes to rejoin OPEC by oil producer group's next meeting in around six months' time, Energy Minister Sudirman Said said on Thursday.

UPDATE 1-Snam considers stake of up to 20 pct in TAP pipeline project

PARIS, June 4 (Reuters) - Italian gas infrastructure company Snam could take a stake of up to 20 percent in the project to build the Trans Adriatic Pipeline (TAP) that will carry gas from Azerbaijan to Europe, its chief executive said on Thursday.

Snam considers stake of up to 20 pct in TAP pipeline project

PARIS, June 4 (Reuters) - Italian gas infrastructure company Snam could take a stake of up to 20 percent in the project to build the Trans Adriatic Pipeline (TAP) that will carry gas from Azerbaijan to Europe, its chief executive said on Thursday.

Bloated oil market fed more crude from unwinding sea storage plays

* 5 million barrels sold from sea storage in past week - data

UPDATE 2-Statkraft drops key Norway wind project, more cancellations seen

* Power prices dropped to seven-year low in 2014 (Adds quotes from oil and industry ministers, details)

UPDATE 2-Russia to keep building up forex reserves as crisis fears linger

* C.bank governor says reserve accumulation to last for years

UPDATE 1-Joy Global's profit plunges as miners cut spending

June 4 (Reuters) - Mining equipment maker Joy Global Inc reported a quarterly profit that nearly halved as customers cut spending due to weak prices.

WRAPUP 2-Myanmar says persecution not the cause of migrant crisis

YANGON/MAUNGDAW, Myanmar, June 4 (Reuters) - Myanmar said on Thursday that persecution of its Rohingya Muslim population was not the cause of Southeast Asia's migrant crisis, a day after the United States called on the country to give full rights to the minority to help end the exodus.

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