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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.

RPT-In Ex-Im Bank fight, Texas has most to lose, and fiercest bank opponents

WASHINGTON, June 4 (Reuters) - In a fight in the U.S.

RPT-INSIGHT-In Kentucky, talk of a 'war on coal' gives way to hope for new economy

HARLAN COUNTY, KY, June 4 (Reuters) - When Dan Mosley became head of Kentucky's Harlan County government this year, he promised - like those elected before him - to defend the state's beleaguered coal industry. But Mosley also vowed to do something else for his county: help build a new economy based on something other than coal.

Top miners slashed costs, spending to cope with price falls - PwC

JOHANNESBURG, June 4 (Reuters) - The world's top 40 mining firms cut costs by a combined 5 percent and capital spending by 20 percent last year as they grappled with a plunge in prices that drove their market value to a 10-year low, a report showed on Thursday.

UPDATE 2-Blast at Ghana petrol station kills about 90 people

* Blast scene littered with corpses, wreckage (Adds quotes, details, update toll)

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