Energy Update

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* EU's newest member desperately seeking way out of recession

BERLIN, June 1 (Reuters) - Germany must act swiftly to fix its fundamentally broken energy market and avoid the risk of a power capacity shortage, the chief of top utility E.ON said on Monday.

BUENOS AIRES, June 1 (Reuters) - All three of the leading candidates in Argentina's election race plan to dismantle outgoing President Cristina Fernandez's web of currency and trade controls and clean up government finances to boost the stagnating economy.

HOUSTON, June 1 (Reuters) - U.S. shale oil producers, having weathered the worst price plunge in their industry's brief history, now face a dilemma: whether to stay in a defensive crouch after slashing their rig fleets, or start drilling more wells to capture a partial recovery in prices.

DHAKA, June 1 (Reuters) - Police in Bangladesh on Monday filed the first formal murder charges against the owner of a building that collapsed in 2013, killing more than 1,130 people in the country's worst industrial disaster.

Taking an in-depth look at the upcoming marketing year for the new wheat crops from Russia and Ukraine, focusing on Russian duties and Ukrainian yields.

LONDON, June 1 (Reuters) - Europe's top oil and gas companies urged governments around the world to introduce a pricing system for carbon emissions, as governments meet in Bonn, Germany, on Monday to work on a U.N. deal to fight climate change.

CAIRO, June 1 (Reuters) - Egypt's oil ministry said on Monday it had signed an energy exploration deal with Italy's Eni worth $2 billion following an MOU signed in March during an investment conference.

TOKYO, June 1 (Reuters) - A Japanese consultative committee on Monday stuck to a controversial government plan for atomic energy to generate 20-22 percent of the country's electricity by 2030 despite public opposition following the Fukushima nuclear disaster.

PARIS, June 1 (Reuters) - Efforts spearheaded by the United Nations to reach a global deal to fight climate change are "inadequate", a French minister said on Monday in a sign of growing frustration before Paris hosts a major meeting later this year.

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